Refine Search
Map
Sort by
710 Water Street, East Jordan
$999,900
480728 MLS ⋅ ACTIVE Status
Positioned in East Jordan, this turn-key 4-unit townhouse complex, built in 2023, offers strong in-place cash flow, low near-term CapEx, verified operating history, and long-term development upside. Fully leased and generating $8,800/month ($105,600/year) in gross rent, the property offers an approximate 6.72% cap rate at the current $999,900 asking price. Tenants in Units 2, 3, and 4 are responsible for most primary utilities, helping keep owner expenses low. Each unit features high-end finishes, natural gas forced-air heat, central air conditioning, dedicated carports, private rear decks, full 2023 appliance packages, and independent utility metering. Layouts include three 3-bedroom/2.5-bath townhomes with private ensuite bedrooms and one 2-bedroom/2.5-bath dual-ensuite unit. Built just three years ago, the property offers investors the added benefit of newer major systems, appliances, roofing, mechanicals, and exterior components—helping reduce the likelihood of significant near-term capital expenditures compared with older multifamily inventory. Units 3 and 4 feature reliable long-term tenants of three years, while Units 2 and 4 convey fully furnished. Additional upside comes from a 2-hour fire-rated separation wall between units designed to facilitate potential future condominium conversion, creating an attractive long-term exit strategy through individual townhome sales. Site plan available upon request. Low-maintenance exterior with municipal water and sewer. Seller is a licensed Realtor in the State of Michigan.

710 Water Street, East Jordan
2322 N M-66 Highway, East Jordan
$1,000,000
3 Beds ⋅ 1 Baths ⋅ 477881 MLS ⋅ ACTIVE Status
Formerly known as “Big Meadow,” this rare 170-acre property in the heart of the Jordan Valley offers endless possibilities. At its center stands a charming custom-built farmhouse with a yearly lease renter, surrounded by two impressive 40x80 steel barns and two larger traditional wood farm barns, providing ample space for storage, equipment, or commercial ventures. Bordering thousands of acres of State land and situated right along the snowmobile trail, this property is a dream for outdoor enthusiasts, offering abundant wildlife, tree stands, and ground blinds for hunting. With county-maintained roads fronting both sides, accessibility is never an issue. The potential here is unmatched—whether you envision expanding farming operations, developing recreational opportunities, or simply enjoying the privacy and beauty of this vast tract of land, this is a truly unique offering you won’t want to miss!

2322 N M-66 Highway, East Jordan

IDX information is provided exclusively for consumers’ personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. © 2026 NM-MLSX.

How much is your home worth?

Get instant property value now!