Well-kept and profitable 3-unit investment property conveniently located near Adrian College. This charming property includes two efficiency apartments and one one-bedroom apartment, all currently occupied by tenants with a solid payment history. Current monthly rents are $700, $725, and $775, producing $2,200 per month in gross rental income. Rents have… Read More remained unchanged for several years, creating an attractive opportunity for future upside. Unit 2 is leased through March 31, 2027, while the other two units are month-to-month. The fenced yard adds private appeal, and the garage, currently used by the owner, could potentially be rented for an additional $150 per month. Seller-owned appliances include three refrigerators, three ranges/ovens. Landlord currently pays utilities, lawn care, and trash; utilities are not separately metered. Property is served by one furnace, one hot water heater, and one electrical panel. Please allow 48-hour notice for tenant access. Read Less
Courtesy of The Charles Reinhart Company, 734-971-6070.
Listing Snapshot
Days Online
17
Last Updated
Property Type
Multi-Family
Lot Size
0.18 Acres
MLS Number
70556870
30 Days Snapshot Of 49221
$189k
-40%
(avg) sold price
1
0%
home sold
49
-54%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
City/County
Building
3 total units, Built in 1900
Cooling
None
Exterior Features
Aluminum
Foundation
Basement, Crawl
Heating
Natural Gas, Forced Air
Lot
Lot size: 83x93, Sidewalks, 0.18 acres
Owner Pays
Electric, Gas, Trash Removal, Water/Sewer
Taxes
Total amount: $4,855, Year: 2026
Unit One
Rent: $700, Occupied status: Yes
Unit Two
Rent: $725, Occupied status: Yes
Unit Three
Rent: $775, Occupied status: Yes
Unit Five
Bedroom 2 width: 83
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