$475,000
$475,000
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8 Beds
0.33 Acres Lot
SOLD DATE : 03/15/2021
Key Details
Sold Price $475,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision 2000 Commercial Rollin
MLS Listing ID 55021034765
Sold Date 03/15/21
Bedrooms 8
Originating Board Jackson Area Association of REALTORS
Year Built 1973
Annual Tax Amount $6,585
Lot Size 0.330 Acres
Acres 0.33
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
Area Addison Vlg
Direction E Main and S Jackson St
Rooms
Basement Walkout Access
Interior
Heating Space Heater
Heat Source Natural Gas
Exterior
Pool No
Road Frontage Paved, Pub. Sidewalk
Building
Foundation Basement
Sewer Sewer-Sanitary
Water Municipal Water
Schools
School District Addison
Others
Pets Allowed Yes
Tax ID RL1451003000
SqFt Source Assessors
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with NON-MEMBER REALTOR 'SOLD'