972 Michigan Avenue, Adrian, MI

House

For Sale

Listed price in listed location currency (USD).

$219,000

330

MLS® 26047210

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size -

Garage

Taxes $4,855

Days Active 1

Lot Size 0.18 Acres

Approx. Age 1900

MLS® Number 26047210

Property Address: 972 Michigan Avenue, Adrian, MI, 49221

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number26047210

Laundry LevelEnsuite

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1900

BasementCrawl Space, Full

DrivewayConcrete

Garage Spaces

HeatForced Air

A/CNone

Extras

How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $219,000 and $231,000.

Similar properties in this area sold on average for: $226,806

Expected to sell in 64 days. Similar properties sold in 65 days. This home has been on Zoocasa for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Map

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