$560,000
$750,000
25.3%For more information regarding the value of a property, please contact us for a free consultation.
9,450 SqFt
SOLD DATE : 02/28/2025
Key Details
Sold Price $560,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,450 sqft
Price per Sqft $59
Subdivision Mi
MLS Listing ID 70425150
Sold Date 02/28/25
Year Built 1973
Annual Tax Amount $7,631
Tax Year 2023
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 76x132
Property Sub-Type Multi-Family
Property Description
Turn-key investment with low vacancy rate.Popular location across from Addison High School.11 unit building offers ten 2 bedroom apartments and one 1 bedroom apartment.Monthly rent is $800-$850 per month for remodeled units and $650 per month for older units. 1 bedroom rents for $650 per month.Excellent building, with room to increase NOI.
Location
State MI
County Lenawee
Area Addison (46023)
Interior
Heating Hot Water
Exterior
Exterior Feature Brick
Amenities Available Laundry Facility
Building
Lot Description Sidewalks
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Addison Community Schools
Others
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
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