Adrian City, MI 49221,319 State

$715,000

$690,000

3.6%
Est.Price: ?

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Est. payment /mo

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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Realcomp MLS
Listed by Rudy A Acuna of Century 21 Affiliated
Bought with Non Member Sales
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