B
Seller's Agent in 2025
Brian Jones-Chance
Jones Chance & Co
(734) 600-6902
5 Total Sales
211 E Main St Addison, MI 49220
--
Bed
--
Bath
--
Sq Ft
0.33
Acres
Highlights
- 1 Fireplace
- Cooling System Mounted In Outer Wall Opening
- Laundry Facilities
- Corner Lot: Yes
- Hot Water Heating System
- High Speed Internet
About This Home
As of February 2025Turn-key investment with low vacancy rate.
Popular location across from Addison High School.
11 unit building offers ten 2 bedroom apartments and one 1 bedroom apartment.
Monthly rent is $800-$850 per month for remodeled units and $650 per month for older units. 1 bedroom rents for $650 per month.
Excellent building, with room to increase NOI.
Last Agent to Sell the Property
Jones Chance & Co License #6502425799 Listed on: 09/25/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,631
Year Built
- Built in 1973
Lot Details
- 0.33 Acre Lot
- Lot Dimensions are 76x132
- Corner Lot: Yes
Home Design
- Brick Exterior Construction
- Rubber Roof
Interior Spaces
- 1 Fireplace
- Walk-Out Basement
Parking
- 15 Parking Spaces
- Driveway
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Natural Gas
- Hot Water Heating System
- High Speed Internet
- Phone Connected
- Cable TV Available
Community Details
- 11 Units
- Laundry Facilities
- Net Operating Income $71,200
Listing and Financial Details
- Tenant pays for electric
- The owner pays for trash collection, water, sewer, gas
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 4, 2020
Closed on
Mar 15, 2021
Sold by
Krichbaum Properties Inc
Bought by
Vandre Properties Llc
Seller's Agent
Kittyanne Hudson
Production Realty
Buyer's Agent
NON-MBR 'SOLD' NON-MBR 'SOLD'
NON-MEMBER REALTOR 'SOLD'
Sold Price
$475,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,775
Original Mortgage
$380,000
Outstanding Balance
$340,643
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Aug 31, 2011
Sold by
Montrief Dean T and Montrief Lisa M
Bought by
Krichbaum Properties Incorporated
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $475,000 | None Available | |
| Warranty Deed | $319,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $380,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/28/2025 02/28/25 | Sold | $560,000 | -25.3% | -- | |
| 12/16/2024 12/16/24 | Pending | -- | -- | -- | |
| 09/25/2024 09/25/24 | For Sale | $750,000 | 0.0% | -- | |
| 08/26/2024 08/26/24 | Pending | -- | -- | -- | |
| 08/15/2024 08/15/24 | For Sale | $750,000 | 0.0% | -- | |
| 08/18/2022 08/18/22 | Rented | $800 | 0.0% | -- | |
| 08/17/2022 08/17/22 | Under Contract | -- | -- | -- | |
| 07/18/2022 07/18/22 | For Rent | $800 | 0.0% | -- | |
| 07/11/2022 07/11/22 | Under Contract | -- | -- | -- | |
| 05/26/2022 05/26/22 | Price Changed | $800 | +6.7% | $0 / Sq Ft | |
| 05/17/2022 05/17/22 | For Rent | $750 | +3.4% | -- | |
| 10/16/2021 10/16/21 | Rented | $725 | 0.0% | -- | |
| 10/05/2021 10/05/21 | For Rent | $725 | 0.0% | -- | |
| 03/15/2021 03/15/21 | Sold | $475,000 | -- | -- | View Prior Sale |
| 12/13/2020 12/13/20 | Pending | -- | -- | -- |
Source: MichRIC
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,354 | $286,300 | $0 | $0 |
| 2024 | $3,767 | $203,800 | $0 | $0 |
| 2023 | $8,279 | $203,800 | $0 | $0 |
| 2022 | $4,526 | $184,300 | $0 | $0 |
| 2021 | $5,542 | $174,000 | $0 | $0 |
| 2020 | $5,474 | $102,300 | $0 | $0 |
| 2019 | $378,925 | $102,300 | $0 | $0 |
| 2018 | $6,836 | $151,159 | $0 | $0 |
| 2017 | $6,671 | $134,314 | $0 | $0 |
| 2016 | $6,612 | $129,413 | $0 | $0 |
| 2014 | -- | $124,391 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Jones-Chance
-
Michael Breznik
M
Buyer's Agent in 2025
Michael Breznik
Irish Hills Realty
(313) 520-5611
9 Total Sales
-
P
Seller's Agent in 2022
Patrick Echlin
Jones Chance & Co.
-
Kittyanne Hudson
Seller's Agent in 2021
Kittyanne Hudson
Production Realty
(517) 745-8768
163 Total Sales
-
N
Buyer's Agent in 2021
NON-MBR 'SOLD' NON-MBR 'SOLD'
NON-MEMBER REALTOR 'SOLD'
Map
Source: MichRIC
MLS Number: 24042692
APN: RL1-451-0030-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.
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