$175,000
$184,900
5.4%For more information regarding the value of a property, please contact us for a free consultation.
561 S Main Street Adrian, MI 49221
3 Baths
1,942 SqFt
Key Details
Sold Price $175,000
Property Type Multi-Family
Sub Type Conventional
Listing Status Sold
Purchase Type For Sale
Square Footage 1,942 sqft
Price per Sqft $90
Subdivision Merrick / S Dennis / State
MLS Listing ID 56050158408
Sold Date 01/17/25
Style Conventional
Full Baths 3
Originating Board Lenawee County Association of REALTORS®
Year Built 1870
Annual Tax Amount $3,355
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 45x162
Property Sub-Type Conventional
Property Description
A fantastic investment opportunity in Adrian! This well-maintained triplex features three rental units with separate utilities and a strong rental history. Ideal for investors looking to generate income immediately. All 3 single units occupied generating $2500 p/month in rent. Modern upgrades and stylish finishes in the upper unit, making it highly desirable for tenants. Includes a 2-car detached garage with ample additional parking space. Recently painted within the last few years, enhancing the curb appeal and reducing maintenance. This triplex is a fantastic opportunity for investors looking to acquire a solid, income-generating property.
Location
State MI
County Lenawee
Area Adrian
Body of Water None
Interior
Interior Features Other
Hot Water Natural Gas
Heating Forced Air, Separate Meters
Cooling Ceiling Fan(s)
Fireplace no
Heat Source Natural Gas
Exterior
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Conventional
Level or Stories 2 Story
Structure Type Wood
Schools
School District Adrian
Others
Pets Allowed Yes
Tax ID XA0320000500
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
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Bought with Howard Hanna Real Estate Services-Adrian