$560,000
$750,000
25.3%For more information regarding the value of a property, please contact us for a free consultation.
0.33 Acres Lot
SOLD DATE : 02/28/2025
Key Details
Sold Price $560,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality Addison Vllg
MLS Listing ID 24042692
Sold Date 02/28/25
Year Built 1973
Annual Tax Amount $7,631
Tax Year 2023
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 76x132
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
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
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
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
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Bought with Irish Hills Realty
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