720 W MICHIGAN AVE Jackson MI 49201-1911

Marcus & Millichap is please to present the exclusive representation of Renaissance Apartments, located in Jackson, Michigan. This 41-unit building has a mix consisting of six (6) 1 bedroom/1 bath units with 606 square feet, and thirty-five (35) 2 bedroom/1 bath units boasting 786 square feet. Each apartment has its own patio or balcony, and laundry is on site. The exterior of the property has undergone significant renovation consisting of a new roof, siding, balconies, windows and sliding doors, and parking lot. The exterior upgrades crest over $650,000 and will insure limited exterior capital needs for many years to come.

Renaissance Apartments is located within walking distance to downtown Jackson which has been going through a significant revitalization. Jackson Michigan is also just a short distance to Michigan International Speedway which host two major NASCAR races a year, the Faster Horses weekend country festival, and several other high traffic events. This location also offers easy access to Interstate 94 which is a major East to West thoroughfare which is the main connecting expressway from Detroit to Chicago.

With most of the heavy lifting regarding capital expenditures, Renaissance apartment creates a unique opportunity to continue renovating the existing units and turn this asset into a cash cow!