Addison, MI 49220,211 E Main Street
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$ 750,000
Est. payment | /mo

0.33 Acres Lot


Save
$ 750,000
Est. payment | /mo
Save

0.33 Acres Lot

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality Addison Vllg

MLS Listing ID 24042692

Year Built 1973

Annual Tax Amount $7,631

Tax Year 2023

Lot Size 0.330 Acres

Acres 0.33

Lot Dimensions 76x132

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 Lenawee County - Y

Direction From Jackson: S on 127 to E Main Street. E on E Main. Property at corner of Jackson and E Main.

Rooms

Basement Walk-Out Access

Interior

Heating Hot Water

Cooling Wall Unit(s)

Fireplaces Number 1

Exterior

Garage Asphalt, Driveway

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Water Available, Sewer Available, Storm Sewer, Broadband

Waterfront No

View Y/N No

Roof Type Rubber

Parking Type Asphalt, Driveway

Total Parking Spaces 15

Building

Lot Description Sidewalk, Corner Lot

Sewer Public Sewer

Structure Type Brick

New Construction No

Schools

School District Addison

Others

Tax ID RL1-451-0030-00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Jones Chance & Co
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211 E Main Street