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
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