1210 E MICHIGAN AVE

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1210 E MICHIGAN AVE

JACKSON, MI 49201-1839
Asking Price
$2.20M
Asset Type
School Mixed-use
Class
Class B

What's Special

111,000+ SF Campus & Residential Portfolio | 8 Parcels | Shadow-Anchored by Henry Ford Health <p><strong>Investment Highlights</strong></p><ul><li>​<strong>Massive Redevelopment Potential:</strong> 111,312 SF main building spanning 3 floors, currently 100% vacant and ready for conversion.</li><li>​<strong>Immediate Cash Flow:</strong> Portfolio includes 10 fully occupied residential units (6 single-family rentals and 1 quadplex) across 7 additional parcels.</li><li>​<strong>Institutional-Grade Amenities:</strong> Fully equipped with a gymnasium, auditorium, commercial kitchen, school caf

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NOI
$80,000
Cap Rate
3.64%
DSCR
0.61
Underwater
Cash-on-Cash
-7.67%
Monthly Payment
$10,884.4
Annual Cash Flow
$-50,612.796

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