551 Cooper Street Jackson, MI 49201
Source MLS VerifiedListing Courtesy of: MichRic / Listed By: Curtis Watson, Coldwell Banker Beiswanger Realty Group

  551 Cooper Street Jackson, MI 49201

Active (36 Days)
$299,900 (USD)

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.

MLS #:
26050747
Taxes
$5,970
Lot Size
6,534 SQFT
Type
Multifamily
Year Built
1900
County
Jackson County

Listed By

Curtis Watson, Coldwell Banker Beiswanger Realty Group
Source
MichRic
Last checked Oct 29 2026 at 9:19 AM GMT+0000
Bathroom Details
Lot Information
  • Corner Lot
Heating and Cooling
  • Forced Air
  • Hot Water
  • None
Basement Information
  • Full
Exterior Features
  • Aluminum Siding
Parking
  • Asphalt
  • Driveway
Location
   
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Disclaimer: Copyright 2026 Michigan Regional Information Center (MichRIC). All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 10/29/26 02:19