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Jim Willis

jwillis@millerteamrealtors.com +1(810) 201-6924

$219,000

Est. payment - /mo

7,840 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

MLS Listing ID 81026047210

Year Built 1900

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type MultiFamily

Property Description

Well-kept and profitable 3-unit investment property conveniently located near Adrian College. This charming property includes two efficiency apartments and one one-bedroom apartment, all currently occupied by tenants with a solid payment history. Current monthly rents are $700, $725, and $775, producing $2,200 per month in gross rental income. Rents have remained unchanged for several years, creating an attractive opportunity for future upside. Unit 2 is leased through March 31, 2027, while the other two units are month-to-month. The fenced yard adds private appeal, and the garage, currently used by the owner, could potentially be rented for an additional $150 per month. Seller-owned appliances include three refrigerators, three ranges/ovens. Landlord currently pays utilities, lawn care, and trash; utilities are not separately metered. Property is served by one furnace, one hot water heater, and one electrical panel. Please allow 48-hour notice for tenant access.

Location

State MI

County Lenawee

Area Area13092Adrian

Rooms

Basement Full

Interior

Heating Forced Air, Natural Gas

Fireplace No

Laundry InUnit, WasherHookup

Exterior

Parking Features Concrete

Community Features Sidewalks

Utilities Available ElectricityConnected, SewerConnected

View Y/N No

Roof Type Composition

Building

Foundation CrawlSpace

Sewer Public Sewer, Sewer At Street

Water Public

New Construction No

Schools

School District Adrian

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Maura Rains of The Charles Reinhart Company

Nearby School & Business

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Jim Willis

+1(810) 201-6924

Agent Brerms:274322

972 Michigan AVE Adrian City, MI 49221

Jim Willis

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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