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213 Reading Avenue
Jonesville, MI 49250

$499,000 - Status: Active
MLS# 26021894

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.

Property Features

MLS#: 26021894
Zip: 49250
Subdivision: Supervisors Plat 2
Development: Jonesville City
Property Type: Multi Unit - Multiple
Number of Units: 11
Basement: Crawl Space, Full
Cooling: Window Unit(s)
Days on Site: 38
Heating: Forced Air
Lot Size: 1.08 acres
Roof Type: Composition
Taxes: $15,100
Year Built: 1900

Feature Descriptions

Exterior: Vinyl Siding, Wood Siding
Laundry: In Unit, Other
Lot Description: Cul-De-Sac, Sidewalk, Corner Lot
Lot Dimensions: 145x345
Owner Pays: Trash Collection
Parcel Number: 21-105-001-028
Parking: Aggregate, Driveway
Parking Total: 22
Road Surface: Paved
Sub Type: 5+ Units
Tenant Pays: Electric, Water, Sewer, Gas
Units: 11
Utilities: Cable Available, Natural Gas Connected, Electricity Connected

Local Schools

School District: Jonesville

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.

Listed By / Shown By

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

IDX logoThe 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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