$715,000
$690,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
10,000 SqFt
SOLD DATE : 09/08/2021
Key Details
Sold Price $715,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $71
MLS Listing ID 543282400
Sold Date 09/08/21
Bedrooms 12
Originating Board Ann Arbor Area Board of REALTORS®
Year Built 1953
Annual Tax Amount $10,146
Lot Size 0.820 Acres
Acres 0.82
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
Location
State MI
County Lenawee
Area Adrian
Direction Front Street to North Broad Street to South State Street
Interior
Interior Features Laundry Facility
Fireplace no
Exterior
Garage Spaces 10.0
Porch Porch - Enclosed
Garage no
Building
Foundation Slab
Schools
School District Adrian
Others
Pets Allowed Yes
Tax ID XA0400600100
Ownership Private Owned
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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