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(616) 439-1190
Real Estate Company
972 Michigan Avenue, Adrian, MI 49221
- $219,000
- List Price
- $219,000
- Days on Market
- 54
- MLS#
- 26047210
- Status
- ACTIVE
- Type
- Multifamily
Property 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.
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Additional Information
- Owner Pays
- Electricity, Gas, Sewer, Trash Collection
- Taxes
- $4,855
- Acres
- 0.18
- Basement
- Crawl Space, Full
- Heating
- Forced Air
- Roofing
- Composition
- School District
- Adrian
- Sewer
- Public Sewer
- Tenant Pays
- None
- Utilities
- Electricity Connected, Natural Gas Available
- Water
- Public Water
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Listing courtesy of Listing Agent: Maura Rains from Listing Office: The Charles Reinhart Company.
© 2026 Southwestern Michigan Regional Information Center, LLC. All rights reserved. Information deemed reliable but not guaranteed. The properties on this website come in part from the Broker Reciprocity Program of the Member MLSs of the Southwestern Michigan Regional Information Center. Data last updated .