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Key Details
Sold Price $560,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24042692
Year Built 1973
Annual Tax Amount $7,631
Tax Year 2023
Lot Size 0.330 Acres
Property Sub-Type 5+ Units
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
Interior
Heating Hot Water
Cooling Wall Unit(s)
Fireplaces Number 1
Exterior
Parking Features Asphalt, Driveway
Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Storm Sewer, Broadband
View Y/N No
Roof Type Rubber
Building
Lot Description Sidewalk, Corner Lot
Sewer Public Sewer
Structure Type Brick
New Construction No
Schools
School District Addison
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Irish Hills Realty
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Nick Schweihofer
Team Leader, Broker | License ID: 6506047709
Team Leader, Broker License ID: 6506047709