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Jenn Smart

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504 504-506*** 1st , Jackson, MI 49203
$1,100,000
Est. Payment: $5,732.25/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 41
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
By proceeding you are providing Jenn Smart with your express written consent to send you marketing and promotional communications via calls or prerecorded messages dialed by a natural person or by using an artificial or automated telephone dialing system.

By checking the box, you consent to receive marketing text messages. If checked, you consent to receiving texts including marketing and promotional communications, from Jenn Smart. Messages and data rates may apply. Message frequency varies. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms & Conditions and Privacy Policy.
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Jenn Smart
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House Description

Income-producing 12-unit multifamily portfolio featuring an 8-unit building at 504-506 First St. and a 4-unit building at 510 First St. Offered as one package, this value-add investment provides immediate cash flow with upside potential through continued stabilization and rent optimization. Current gross income is approximately $101,000 annually with a current NOI of $63,000 and a 5.75% cap rate. Seller projections indicate potential stabilization to over $105,000 NOI and a cap rate approaching 9.6%. Located in a strong rental market with high renter occupancy, limited inventory, and consistent housing demand. Excellent opportunity for investors seeking workforce housing, multifamily assets, portfolio expansion, or a 1031 exchange acquisition in Jackson, Michigan.
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Highlights

Listed by Jennifer Chmielewski , (517) 937-5232 ERA Reardon Realty, L.L.C. , MiRealSource, Inc. mls logo

Property Type

Multi-Family
Lot/Acreage
0.19

Year Built

1930

County

Jackson

Area

Jackson (38020)

 School District

Jackson County ISD

Listing ID

70540315

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:

Exterior Features

Lot Dimensions:62 x 135
Principal Interest
$5,732
Taxes
$146

Home Price

$1,100,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$220,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,732.25

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,732.25 $146.08 $0.00 $5,878.34
Yearly $68,787.04 $1,753.00 $0.00 $70,540.04
Total $2,063,611.08 $52,590.00 $0.00 $2,116,201.08
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So-Crates Johnson
Dust, Wind, Dude
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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.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

IDX service by Blueroof 360

Data last updated: 2026-09-02T04:57:55.100Z

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