59
See all 59 photos
$219,000
Est. payment /mo
7,840 Sqft Lot
New
972 Michigan Avenue Adrian, MI 49221
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70556870
Year Built 1900
Annual Tax Amount $4,855
Tax Year 2026
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 83x93
Property Sub-Type Multi-Family
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 Adrian (46025)
Interior
Heating Forced Air
Cooling None
Exterior
Exterior Feature Aluminum
Building
Lot Description Sidewalks
Foundation Basement, Crawl
Structure Type Aluminum
Schools
School District Adrian City School District
Others
Energy Description Natural Gas
Financing Cash,Conventional
Virtual Tour https://next-door-photos.vr-360-tour.com/e/RrkBoGt60vE/e?accessibility=false&dimensions=false&hidelive=true&share_button=false&t_3d_model_dimensions=false
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by The Charles Reinhart Company
Nearby Locations
GET MORE INFORMATION