Active

551 Cooper Street

Jackson, Michigan 49201

$299,900 $1,264/Mo

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Overview

Bed

Bath

0.15

Acre(Lot)

Description

Excellent investment opportunity with a fully occupied 6-unit multi-family property featuring two buildings on a corner lot. The property consists of a 4-unit building and a separate 2-unit building, offering a total of six units. Numerous major updates were completed in 2022-2023, including a new roof, six kitchens, six bathrooms, most of the flooring throughout in 2023, plus two furnaces and a water heater in 2022. All new windows and most of the plumbing in the 4 unit building over the past few years. The rear 2-unit building has separate gas and electric meters, with tenants responsible for their own electric; but gas could be fully separated with the addition of a 2nd water heater (already has 2 separate furnaces). City certified and fully occupied, with approximately $42,000 in annua l NOI and a reported 14% cap rate. A strong opportunity for investors seeking an updated, income-producing multifamily property.

Property Details

Property Type : Multifamily

Price : $299,900

AD Id : 91442673

MLS Id : 55026050747

Beds : 5

Lot Size : 0.15 Acre

Tax Amount : $5,970

Year Built : 1900

County : Jackson

Map

What's Nearby

Nearby Areas

Features

Heating & Cooling

Heating: Forced Air,Hot Water Heating Fuel: Natural Gas

Building Information

Year Built: 1900 Total Units: 6
Utility Features

Sewer: Sewer (Sewer-Sanitary)
Water

Public (Municipal)

Lot Information

Lot Size: 0.15 Lot Dimensions: 48 X 132 Frontage Feet: 48
Property Information

Financing: Cash,Conventional

Listing Price Information

Original List Price: $299,900
Listing Information

Possession: Subject To Tenant Rights Legal Description: S 48 FT OF LOT 5 BLK 8 FORD'S NORTH ADD

Tax Information

Annual Tax: $5,970 Parcel Number: 7066400000
Possession

Subject To Tenant Rights
Legal Information

Legal Description: Section: S 48 FT OF LOT 5 BLK 8 FORD'S NORTH ADD

Unit 1 Information

# of Bedrooms: 5

School Information

School District: Jackson
Utility Information

Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
334 W Wesley Street , Jackson, MI, 49201	$395,000	17	--	--	0.60 Acre
6127 Brooklyn Road , Jackson, MI, 49201	$750,000	15	--	--	6.87 Acres
115 N West Avenue , Jackson, MI, 49201	$179,000	5	--	--	0.21 Acre
205 N W Avenue , Jackson, MI, 49201	$194,900	2	--	--	0.19 Acre

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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 09/25/2026 @ 20:30

MLS: 55026050747 LISTED BY: CURTIS G WATSON , Coldwell Banker Beiswanger Realty Group 517-435-1500 SOURCE: Realcomp II Ltd