972 Michigan Avenue, Adrian, MI 49221
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972 Michigan Avenue, Adrian, MI 49221
972 Michigan Avenue, Adrian, MI 49221
972 Michigan Avenue, Adrian, MI 49221
972 Michigan Avenue, Adrian, MI 49221
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Heidi Clark

Heidi Clark

+1(720) 371-9971
$ 219,000
Est. payment /mo
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972 Michigan Avenue Adrian, MI 49221

7,841 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality Adrian City

MLS Listing ID 26047210

Year Built 1900

Annual Tax Amount $4,855

Tax Year 2026

Lot Size 7,841 Sqft

Acres 0.18

Lot Dimensions 83x93

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property 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.

Location

State MI

County Lenawee

Direction Corner of S. Scott and Michigan.

Rooms

Basement Crawl Space, Full

Interior

Heating Forced Air

Cooling None

Laundry In Unit, Washer Hookup

Exterior

Parking Features Concrete, Driveway

Utilities Available Natural Gas Available, Electricity Connected

View Y/N No

Roof Type Composition

Building

Lot Description Sidewalk

Sewer Public Sewer

Structure Type Aluminum Siding

New Construction No

Schools

School District Adrian

Others

Tax ID XA0405200100

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by The Charles Reinhart Company
Heidi Clark

Heidi Clark

Agent

+1(720) 371-9971

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972 Michigan Avenue