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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
Body of Water None
Rooms
Basement Walkout Access
Interior
Heating Space Heater
Fireplace no
Heat Source Natural Gas
Exterior
Road Frontage Paved, Pub. Sidewalk
Garage no
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'