Address
211 E Main St ADDISON, MI
Price
$ 475,000
Property Attributes
  • ML#55202003590
  • TypeContingent
  • CountyLENAWEE
  • CityADDISON
  • Neighborhood2000 COMMERCIAL ROLLIN
  • Zip49220
  • StyleMultifamily
  • Year Built1973
  • Taxes5588
  • Price$ 475,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3150
  • Lot Size0.33 Acres
Listing Provided Courtesy Of:
PRODUCTION REALTY
Property Description

Turn key investment property with very low vacancy rate. Popular location across from Addison High School. Great walk-ability to all Addison has to offer. 11 unit building offers ten 2 bedroom apartments and one efficiency apartment. Average monthly rent is $550/m with one efficiency apartment at $365 a month. Excellent cap rate, with room to increase income. Property has below average vacancy rates and has been 100% occupied since 2018.

Price History
12/4/2020 Listed $475,000

General Features

Cooling Window Unit(s)
Gross Scheduled Income 70636.00
Homestead Yes
Listing Agent Public Id 55000000216096
Net Operating Income 41512.00
Operating Expense 29124.00
Originating MLS Jackson Area Association of REALTORS®
Parcel Number RL1451003000
Property Type Multifamily
Rent Includes Int Maint W/Deduct, Other
School District Addison
Sewer Sewer-Sanitary
Short Sale No
Status Contingent - Continue To Show
Subdivision Name 2000 COMMERCIAL ROLLIN
Terms Offered Cash, Conventional
Total Sq Ft 3150
Transaction Type Sale
Year Built 1973

Interior Features

Heating Fuel Natural Gas
Total Baths 0.00
Total Units 11
Unit Count 6

Exterior Features

Architecture Level 2 Story
Frontage Feet 130
Lot Size Area 0.33
Lot Size Dimensions .333
Porch Balcony
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Prime Real Estate & Associates and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of January 19, 2021 1:00 PM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Zip Code Average in 49220

Price
AVG $210K
$480K
Taxes
AVG $2,452
$5,588
Visits
AVG 10
43
Year Built
AVG 1945
1973

Areas We Cover