$560,000
SOLD FEB 28, 2025

211 E Main St Addison, MI 49220

-- Bed
-- Bath
-- Sq Ft
0.33 Acres

Recently Sold

25% Below List Price

123 Days on Market

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 2025

Turn-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

Brian Jones-Chance

Jones Chance & Co License #6502425799 Listed on: 09/25/2024

Last Buyer's Agent

Michael Breznik

Irish Hills Realty License #LCAR

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,631

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Walk-Out Access
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 750000.0
  • Lot Features: Sidewalk, Corner Lot
  • Number of Buildings: 1
  • Roof: Rubber
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway
  • Total Parking Spaces: 15.0
  • General Property Info:Total Parking Spaces: 15.0

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Hot Water
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Storm Sewer, Broadband

Lot Info

  • Lot Size Acres: 0.33
  • Lot Size Area: 0.33
  • Lot Dimensions: 76x132
  • Lot Size Sq Ft: 14375.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer, Gas
  • Tenant Pays: Electric

Multi Family

  • Net Operating Income: 71200.0
  • Number of Units Total: 11

Tax Info

  • Tax Annual Amount: 7631.0
  • Tax Year: 2023

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
$608,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,368
Avg. Annual Appreciation
5.94%
Original Mortgage
$380,000
Outstanding Balance
$344,491
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving
Estimated Equity
$263,877

Purchase Details

Closed on
Aug 31, 2011
Sold by
Montrief Dean T and Montrief Lisa M
Bought by
Krichbaum Properties Incorporated
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 Change Sq Ft Price
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 -- --
12/13/2020 12/13/20 Pending -- -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
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

  • B

    Seller's Agent in 2025

    Brian Jones-Chance

    Jones Chance & Co

    (734) 600-6902

    6 Total Sales

    Brian Jones-Chance
    Section Image

  • M

    Buyer's Agent in 2025

    Michael Breznik

    Irish Hills Realty

    (313) 520-5611

    11 Total Sales

    Michael Breznik
    Section Image

  • P

    Seller's Agent in 2022

    Patrick Echlin

    Jones Chance & Co.

    (734) 600-6852

    5 Total Sales

    Section Image
  • Kittyanne Hudson

    Seller's Agent in 2021

    Kittyanne Hudson

    Production Realty

    (517) 745-8768

    156 Total Sales

    Kittyanne Hudson
    Section Image

  • N

    Buyer's Agent in 2021

    NON-MBR 'SOLD' NON-MBR 'SOLD'

    NON-MEMBER REALTOR 'SOLD'

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24042692

Southwestern Michigan Association of REALTORS®

APN: RL1-451-0030-00

Michigan Lenawee County Addison 49220

211 E Main St, Addison, MI

This home is located at 211 E Main St, Addison, MI 49220 and is currently priced at $560,000. This property was built in 1973. 211 E Main St is a home located in Lenawee County with nearby schools including Addison Elementary School, Addison Middle School, and Addison High School.

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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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