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$219,000
Monthly Est:$1,090
-- Bed
-- Bath
--sqft
972 Michigan Ave, Adrian, MI 49221
$219,000
$1,090/moEst:
Get Pre-Approved
Multi Family
Built in 1900
$-- HOA
7,840.8 sqft lot
--/sqft
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.
- Houzeo last checked: 0 minutes ago
- Listing updated: September 4, 2026 at 6:15 pm
- Listing Provided by: Maura Rains (313) 717-7788 | The Charles Reinhart Company (734) 971-6070
- Source: Realcomp MLS-MI | MLS#: 81026047210
- Originating MLS: Greater Metropolitan Association of REALTORS
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1900
HOA Fees
-
Finished Area
- sqft
Lot Size
7,840.8 sqft lot
Basement Area
- sqft
MLS Name
Realcomp MLS
MLS Number
81026047210
MLS Status
Active
Days on Market
47
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Heating
Forced Air, Natural Gas
Sewer
Public Sewer, Sewer At Street
Construction
Year Built
Year Built: 1900
Home type
Multi Family
Construction Materials
Aluminum Siding
Roof
Composition
Foundation Details
Crawl Space
Utilities & Energy
Parking Features
Concrete
Basement
Full
Water Source
Public
Laundry Features
In Unit, Washer Hookup
Utilities
Electricity Connected, Sewer Connected
Other Features
Community Features
Sidewalks
Price History
| Date | Event | Price |
|---|---|---|
09/04/2026 Source: | Listed for Sale | $219,000 +119.22% $0/sqft |
11/28/2018 Source: | Listing Removed | $99,900 $0/sqft |
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Based on information from the Board/Association of REALTORS® (alternatively, from the Realcomp II Ltd. MLS) through Oct 21, 2026, 07:00PM. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. IDX provided courtesy of Realcomp II Ltd. via Andover Real Estate & Houzeo, Copyright 2026 Realcomp II Ltd. Shareholders Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listing Information presented by local MLS brokerage: Andover Real Estate, local REALTOR®- Scott Rubin - (248)206-3666 . Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. © 2024 Realcomp II Ltd. MLS. All Rights Reserved.
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