$475,000
SOLD MAR 15, 2021

211 E Main St Addison, MI 49220

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

Recently Sold

9 Days on Market

About This Home

As of February 2025

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.

Last Agent to Sell the Property

Kittyanne Hudson

Production Realty License #6501406946 Listed on: 12/04/2020

Last Buyer's Agent

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

NON-MEMBER REALTOR 'SOLD'

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,586

Year Built

  • Built in 1973

Additional Features

  • Walk-Out Basement
  • 0.33 Acre Lot
  • Space Heater

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas

Community Details

Overview

  • 2000 Commercial Rollin Subdivision

Building Details

  • Operating Expense $51,482
  • Gross Income $72,177
  • Net Operating Income $110,607

Property Details

Property Type

Other

Est. Annual Taxes

$6,586

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Basement: Walk Out

Exterior Features

  • List Price: 475000.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Space Heater
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.33
  • Lot Size Area: 0.33
  • Lot Size Sq Ft: 14374.8

Rental Info

  • Owner Pays: Gas
  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 72177.0
  • Net Operating Income: 110607.0
  • Operating Expense: 51482.0

Tax Info

  • Tax Annual Amount: 6585.63

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
$607,775

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
$342,187
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
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
2025 $9,680 $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

  • 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.

    Section Image
  • Kittyanne Hudson

    Seller's Agent in 2021

    Kittyanne Hudson

    Production Realty

    (517) 745-8768

    157 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: 21034765

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 $475,000. 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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