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213 Reading Avenue Jonesville, MI $ 499,000
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213 Reading Avenue
$ 499,000
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213 Reading Avenue

Jonesville, MI, 49250
$ 499,000
Baths0.0

Monthly Estimate*

$ 3,072

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Studio

Multi-Family Home for sale in Jonesville, MI

for $499,000. This home was built in 1900 on a lot size of 1.08.

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.

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Multi-Family Active

Price

$ 499,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 15,100

Style

5+ Units

Lot Size

1.08

Year Built

1900

Town/City

Jonesville

County/Region

Hillsdale

MLS | Web ID

26021894
Features
General
Heating Forced Air
Cooling Window Unit(s)
Utilities Cable Available Natural Gas Connected Electricity Connected
Possession Close Of Escrow Subject To Tenant Rights
Roof Composition
Construction Materials Vinyl Siding Wood Siding
Year Built 1900
Tenant Pays Electric Water Sewer Gas
Township Jonesville City
Property Subtype 5+ Units
Tax Year 2025
Ownership Private Owned
County Hillsdale
New Construction N
Property Type Multi Family
Attached Garage N
Subdivision Name Supervisors Plat 2
Status Active
Directions BTW US-12 (W Chicago St) and M-99 (Olds St) west of Bowman Rd.
City Jonesville
High School District Jonesville
Zoning Description Resd
Number Of Units Total 11
Lot Size Units Acres
Lot Size Square Feet 47219.0
Listing Terms Cash Conventional Tax Def Exchange
Land Lease Y/N N
Tax Annual Amount 15100.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 236305
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
Senior Community None
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Interior
Basement Crawl Space Full
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features In Unit Other
Total Baths 0
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Exterior
Parking Features Aggregate Driveway
Lot Features Cul-De-Sac Sidewalk Corner Lot
Total Parking 22.0
Lot Size Area 1.08
Number of Buildings 5
Spa N
Lot Dimensions 145x345
Lot Size Acres 1.08
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 213
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* Excluded Features
List By
Coldwell Banker Beiswanger Realty Group

Broker

doug@mirealestatepro.com

Email

Affordability Calculator

$4,331
Per Month
71%
29%
0%
Monthly Principal & Interest
$3,072
Monthly Property Taxes
$1,258
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248658 Elementary School
250414 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/13/2026$499,000 Listed Price

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213 Reading Avenue, Jonesville, MI, 49250 is a Multi-Family Home for sale at $499,000 with a lot size of 1.08. 213 Reading Avenue is a studio with 0.0 baths and was built in 1900. The property's zip code is 49250 which is in Jonesville, MI

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