972 Michigan Avenue, Adrian, MI 49221

Adrian
Local realty services provided by:ERA Prime Real Estate Group
972 Michigan Avenue,Adrian, MI 49221
$219,000
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  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: maura rains
Office: the charles reinhart company
MLS#:81026047210
Source:MI_REALCOMP

Price summary

  • Price:$219,000

About this home

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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Home facts

  • Year built:1900
  • Listing ID #:81026047210
  • Added:2 day(s) ago
  • Updated:September 07, 2026 at 10:26 AM

Rooms and interior

  • Basement Description:Full

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Composition
  • Year built:1900
  • Lot area:0.18 Acres
  • Construction Materials:Aluminum Siding
  • Foundation Description:Crawl Space

Utilities

  • Water:Public
  • Sewer:Public Sewer, Sewer at Street

Finances and disclosures

  • Price:$219,000
  • Tax amount:$4,855

Features and amenities

  • Laundry features:In Unit, Washer Hookup

Parking

  • Parking description:Concrete
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