972 Michigan AvenueAdrian City, MI 49221

Description

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 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.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1900

Lot size

0.18 acres

Lot dimensions

83x93

Days on market

47

MLS^® Listing#

81026047210

Property Features

Heating

Forced Air · Natural Gas

Basement

Crawl Space · Full

Parking

Concrete

Laundry

In Unit · Washer Hookup

Construction

Aluminum Siding

Roof

Composition

Community

Sidewalks

Utilities

Electricity Connected · Sewer Connected · Sewer Available

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$4,855Tax year 2026

Assessed value

$69,206

Parcel number

XA0405200100

Directions

Corner of S. Scott and Michigan.