213 Reading Avenue, Jonesville, MI 49250 (MLS# 26021894)

213 Reading Avenue, Jonesville, MI 49250

$499,000

Property Type: Multi Family Lot Size (sq. ft.): 47,219 Status: Pending

Current Price: $499,000 List Date: 5/13/2026 Last Modified: 6/23/2026

Overview

Description

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.

Listing Details MLS# 26021894

Location Property Info

County: Hillsdale
Street #: 213
Street Name: Reading
Suffix: Avenue
State: MI
Zip Code: 49250
Zip (4): 1240

General Property Info

Lot Measurement: Acres
Lot Square Footage: 47219
Lot Acres: 1.08
Lot Dimensions: 145x345
Year Built: 1900
New Construction: No
Financial Available: Yes
Financial Comments: NDA Required
Road Frontage: 145
Total # Units: 11
# of Diff Unit Floor Plans: 3
Total # Bldgs: 5
Total Parking Spaces: 22
Waterfront: No
School District: Jonesville
Basement: Yes

Tax Info

Tax ID #: 21-105-001-028
Taxable Value: 236305
SEV: 250100
For Tax Year: 2025
Seller's Annual Property Tax: 15100
Tax Year: 2025
Spec Assessment & Ty: None Known
Zoning: Resd
Homestead %: 0

Remarks Misc

Directions: BTW US-12 (W Chicago St) and M-99 (Olds St) west of Bowman Rd.

Status Change Info

Under Contract Date: 2026-05-26

More Information

Access Feat

Accessibility Features: No

Unit 1

Unit Description: 101 Sunset
SqFt: 810
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit Description: 102 Sunset
SqFt: 810
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit Description: 103 Sunset
SqFt: 810
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Unit 4

Unit Description: 104 Sunset
SqFt: 810
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Unit 5

Unit Description: 105 Sunset
SqFt: 810
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Unit 6

Unit Description: 107 Sunset
SqFt: 810
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Unit 7

Unit Description: 213 Reading A
SqFt: 1561
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Unit 8

Unit Description: 213 Reading B
SqFt: 870
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Unit 9

Unit Description: 213 Reading C
SqFt: 200
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Unit 10

Unit Description: 215 Reading A
Occupied: Yes
Monthly Rent: 600
Bathrooms: Yes
Full Baths: Yes

Unit 11

Unit Description: 215 Reading B
SqFt: 200
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Location & Property Info

Cross Streets: BTW US12 and M99
Property Sub-Type: 5+ Units
Municipality: Jonesville City
Subdivision: Supervisors Plat 2
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale

Remarks & Misc

Public Remarks: 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.
Legal: 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

Lot Description

Corner Lot: Yes
Cul-De-Sac: Yes
Sidewalk: Yes

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

Cable Available: Yes
High Speed Internet: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes
Tax Def Exchange: Yes

Laundry Features

In Unit: Yes
Other: Yes

Exterior Material

Vinyl Siding: Yes
Wood Siding: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Window Unit(s): Yes

Tenant Pays

Electric: Yes
Gas: Yes
Sewer: Yes
Water: Yes

Driveway

Aggregate: Yes

Substructure

Crawl Space: Yes
Full: Yes

Extras

Sep Electric Meter: Yes
Sep Gas Meter: Yes
Sep Water Meter: Yes

Owner Pays

Trash Collection: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Property Features

Laundry Features: In Unit; Other Exterior Material: Vinyl Siding; Wood Siding Roofing: Composition Substructure: Crawl Space; Full Lot Description: Corner Lot; Cul-De-Sac; Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; High Speed Internet Extras: Sep Electric Meter; Sep Gas Meter; Sep Water Meter Owner Pays: Trash Collection Tenant Pays: Electric; Gas; Sewer; Water Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Window Unit(s) Driveway: Aggregate Street Type: Paved; Public Terms Available: Cash; Conventional; Tax Def Exchange Possession: Close Of Escrow; Subject To Tenant Rights Sale Conditions: None

Listing Office: Coldwell Banker Beiswanger Realty Group

Listing Agent: Doug Beiswanger

Last Updated: June - 23 - 2026

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