Agent profile image in chat bubble
Agent profile image in chat header

Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

Agent profile image in message

972 Michigan Ave , Adrian, MI 49221
$219,000
Est. Payment: $486.67/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 13
Get Pre-Qualified
oa0660 - arainsmau103
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.

House Description

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.

Highlights

Listed by Maura Rains , 313-717-7788 The Charles Reinhart Company , 734-971-6070.

Property Type

Multi-Family

Lot/Acreage
0.18

Year Built

1900

County

Lenawee

School District

Adrian

Listing ID

26047210

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Crawl Space,Full

Exterior Features

Lot:Sidewalk
Garage Capacity:0
Roof:Composition
Sewer:Public Sewer
Parking Features:Concrete,Driveway
Principal Interest
$487
Taxes
$405

Home Price

$219,000

Loan Details

30 yrs
%

Down Payment

20%
$43,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$486.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $486.67 $404.58 $0.00 $891.25
Yearly $5,840.00 $4,855.00 $0.00 $10,695.00
Total $175,200.00 $145,650.00 $0.00 $320,850.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Sep 2026

Average Price

All Price Ranges
N/A
Sep 2026

Average Days on Market

All Price Ranges
N/A
Sep 2026
Market insight data is pulled from the same city as the listing being viewed (Adrian, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.