$475,000
$475,000
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211 E MAIN ST Unknown, MI 49220
3,150 SqFt
Key Details
Sold Price $475,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,150 sqft
Price per Sqft $150
Subdivision 2000 Commercial Rollin
MLS Listing ID 55202003590
Sold Date 03/15/21
Originating Board Jackson Area Association of REALTORS®
Year Built 1973
Annual Tax Amount $5,588
Lot Size 0.330 Acres
Lot Dimensions .333
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.
Location
State MI
County Lenawee
Direction E Main and S Jackson St
Multi-Unit Info
Total Units 6
Interior
Hot Water Natural Gas, Other
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Porch Balcony
Road Frontage Paved, Pub. Sidewalk
Building
Sewer Sewer-Sanitary
Water Municipal Water
Level or Stories 2 Story
Schools
School District Addison
Others
Tax ID RL1451003000
SqFt Source Assessors
Financing Cash,Conventional
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Bought with NON-MEMBER REALTOR 'SOLD'