213 Reading Avenue
Jonesville, Michigan 49250
20
Bed
0
Bath
1.08Acres(Lot)
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 Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Laundry Facility Roof: Composition -
Heating & Cooling
Cooling: Window Unit(s) Heating: Forced Air Heating Fuel: Natural Gas
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Building Information
Year Built: 1900 Total Units: 11 Roof: Composition Foundation/Basement: Crawl -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal)
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Lot Information
Lot Size: 1.08 Lot Dimensions: 145x345 Frontage Feet: 145 -
Property Information
Subdivision: Supervisors Plat 2 Financing: Cash,Conventional,Trade/Exchange
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Listing Price Information
Original List Price: $499,000 -
Listing Information
Possession: At Close Legal Description: N 16.5 FT OF LOT 21 ALSO LOT 22 EXC NLY 16.5 FT SUPERVISORS PLAT NO.2 SEC 4 T6S R3W CITY OF JONESVILLE
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Tax Information
Annual Tax: $15,100 Parcel Number: 21105001028Possession
At CloseLegal Information
Legal Description: Section: N 16.5 FT OF LOT 21 ALSO LOT 22 EXC NLY 16.5 FT SUPERVISORS PLAT NO.2 SEC 4 T6S R3W CITY OF JONESVILLE
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Virtual Tour
Parking Information
Parking: 22 -
Multi-Unit Information
Road Frontage: Paved,Pub. Sidewalk -
Unit 1 Information
# of Bedrooms: 2 -
Unit 2 Information
# of Bedrooms: 9
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School Information
School District: Jonesville -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
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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 07/20/2026 @ 05:28
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