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319 State

Adrian City, MI 49221
  • $690,000
  • STATUS: Active
  • ON SITE: 6 days
  • ID#: 543282400
New On Site 6 Days Ago
UPDATED: 34 min ago
$690,000
  • 0
    BEDS
  • 0.82
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,000
    SQFT
  • $69
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:
Area:

School Ratings & Info

School District:

Description

This is a rare opportunity to invest in a 12 unit building that offers 9 two bedroom units and 3 one bedroom units with 2 separate entrances and two separate laundry facilities each offering extra storage for each unit. Every unit has wood flooring most of which is parkay wood flooring that brings the majesty of this building to life. All units have a private screened in patio/porch adding that home feel and extra space. Large living rooms, plenty or cabinetry and counter space in the kitchens, great closet space and easy access to everything that this historic part of Adrian has to offer make this an easy long term investment for anyone looking to build their portfolio and to build generational wealth. The best news is that all tenants are on a month to month lease or have no lease at all so if the rents don't meet your buyers needs then you have breathing room there too and with on site parking for 8 to 10 cars you can beat this one of a kind brick building that is in great condit

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© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-07-23T10:59:01.427.
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319 State Adrian City, MI 49221

  • Price: $690,000
  • Status: Active
  • Updated: 34 min ago
  • ID#: 543282400
0
Beds
0
Baths
0
½ Baths
0.82
Acres
10,000
SQFT
$69
$/SQFT
1953
Built
Neighborhood:
Adrian
County:
Lenawee
Area:
Adrian
School District:
ADRIAN
Property Description
This is a rare opportunity to invest in a 12 unit building that offers 9 two bedroom units and 3 one bedroom units with 2 separate entrances and two separate laundry facilities each offering extra storage for each unit. Every unit has wood flooring most of which is parkay wood flooring that brings the majesty of this building to life. All units have a private screened in patio/porch adding that home feel and extra space. Large living rooms, plenty or cabinetry and counter space in the kitchens, great closet space and easy access to everything that this historic part of Adrian has to offer make this an easy long term investment for anyone looking to build their portfolio and to build generational wealth. The best news is that all tenants are on a month to month lease or have no lease at all so if the rents don't meet your buyers needs then you have breathing room there too and with on site parking for 8 to 10 cars you can beat this one of a kind brick building that is in great condit
Exterior Features

Foundation Details Slab Parking Total 10 Porch Type Porch - Enclosed Waterfront YN No

Interior Features

Basement YN No Baths Total 0.00 Interior Features Laundry Facility Room Count 0 Sq Ft Combined 10000 Sq Ft Lower Floor 0 Sq Ft Source Estimated Sq Ft Total Basement 0 Unit Efficiency Number Of 0 Unit One Bed Number Of 3 Unit Three Bed Number Of 0 Unit Two Bed Number Of 9

Property Features

Income Projection Actual Listing Financing CashConventional Monthly Rental Income 7920 Operating Expense 0.00 Ownership Status Private Owned Postal City Adrian Settlement City Tax Amount Summer 7352.0000 Tax Amount Winter 2794.0000 Title Private - Owned Total Tax 10146.0000 Transaction Type Sale Unparsed Address 319 State

IDX provided courtesy of Realcomp II Ltd., via Century 21 Affiliated and Ann Arbor Area BOR MLS, ©2021 Realcomp II Ltd. Shareholders.


© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-07-23T10:59:01.427.
 
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255 E. Brown St - Suite 205
Birmingham MI, 48009