211 E Main St

    Addison, MI 49220
    • $475,000
    • STATUS: Active
    • ON SITE: 124 days
    • ID#: 55201903866
    UPDATED: 69 min ago
    $475,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,150
      SQFT
    • $151
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:
    Lot Size Dimensions:
    .333

    School Ratings & Info

    School District:

    Description

    Turn key investment property with very low vacancy rate. Popular location across the street from Addison High School. Ten 2 bedroom apartments and one efficiency apartment. The 2 bedrooms rent ranges from $510 to $550 a month. The efficiency rents for $365 a month. Cap rate of 8.27% with room to grow.

    Monthly Payment Calculator



    © 2020 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Springview Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2020-02-18T18:57:27.827.
    www.springviewrealty.com/homes/99986039

    211 E Main St Addison, MI 49220

    • Price: $475,000
    • Status: Active
    • Updated: 69 min ago
    • ID#: 55201903866
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    3,150
    SQFT
    $151
    $/SQFT
    1973
    Built
    Neighborhood:
    2000 COMMERCIAL ROLLIN
    County:
    Lenawee
    School District:
    ADDISON
    Property Description
    Turn key investment property with very low vacancy rate. Popular location across the street from Addison High School. Ten 2 bedroom apartments and one efficiency apartment. The 2 bedrooms rent ranges from $510 to $550 a month. The efficiency rents for $365 a month. Cap rate of 8.27% with room to grow.
    Exterior Features

    Architecture Level 2 Story Garage YN No Lot Size Dimensions .333 Multifamily Parking Paved Porch Type Balcony Road Frontage Feet 130 Road Frontage Type PavedPub. Sidewalk Waterfront YN No

    Interior Features

    Basement YN No Baths Total 0.00 Cooling Window Unit(S) Heating Fuel Natural Gas Sq Ft Combined 3150 Sq Ft Source Assessors Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0 Water Heater Fuel Natural GasOther

    Property Features

    Assessment No Exclusions YN No Gross Scheduled Income 69237.00 Homestead YN Yes Land Contract YN No Listing Financing CashConventional Net Operating Income 39278.00 Operating Expense 29959.00 Postal City Unknown Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 4027.3500 Tax Amount Winter 1405.5200 Total Tax 5432.8700 Transaction Type Sale Unparsed Address 211 E MAIN ST Water Source Municipal Water

    IDX provided courtesy of Realcomp II Ltd., via Production Realty and Jackson Area AOR MLS, ©2020 Realcomp II Ltd. Shareholders.


    © 2020 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Springview Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2020-02-18T18:57:27.827.
     
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    510 W. University Drive
    Rochester MI, 48307