Prime income-producing 11-unit multifamily in Jonesville -- rare small-town opportunity offering 10% CAP and strong upside for investors. Tenants pay utilities, improving net operating margins and simplifying owner expenses. The portfolio mix includes one-bedroom and two-bedroom units (ideal for long-term tenants and workforce housing), with a history of consistent occupancy through professional management and immediate rent growth potential through modest unit updates. Additional 10 unit portfolio is available as well (totaling 21 units). Contract REALTOR for information.
Listed By
Agency Name: Coldwell Banker Beiswanger Realty Group
Agent Name: Doug Beiswanger
Agency Phone: 517-435-1500
Shown By
Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121
![]() | The property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 06/21/2026. |
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213 Reading Avenue | MLS# 26021894
This multi-family property located at 213 Reading Avenue, Jonesville, MI 49250 is currently listed for sale with an asking price of $499,000. Reading Avenue is located within the Jonesville school district. Search Jonesville real estate on www.coldwellbanker1stchoice.com today.