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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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551 Cooper St , Jackson, MI 49201
$299,900
Est. Payment: $666.44/mo
0.15 Acres
Status: active | Days on site: 14
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Jim Blehm
Team Owner, Realtor®

House 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 annual NOI and a reported 14% cap rate. A strong opportunity for investors seeking an updated, income-producing multifamily property.

Highlights

Listed by CURTIS G WATSON , 517-416-2787 and Zachary Watson , 517-416-0027 Coldwell Banker Beiswanger Realty Group , 517-435-1500. MichRIC

Property Type

Multi-Family

Lot/Acreage
0.15

Year Built

1900

County

Jackson

School District

Jackson

Listing ID

26050747

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Interior Features

Basement:Full

Exterior Features

Lot:Corner Lot
Garage Capacity:6
Parking Features:Asphalt,Driveway
Principal Interest
$666
Taxes
$498

Home Price

$299,900

Loan Details

30 yrs
0%

Down Payment

20%
$59,980
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Monthly Price:
$666.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $666.44 $497.50 $0.00 $1,163.94
Yearly $7,997.33 $5,970.00 $0.00 $13,967.33
Total $239,920.00 $179,100.00 $0.00 $419,020.00
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Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Jackson, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-11-01T12:20:57.000Z

© 2026 MichRIC