NOT LISTED FOR SALE

471 S Main St Adrian, MI 49221

-- Bed
-- Bath
-- Sq Ft
7,405 Sq Ft

Last Sold May 31, 2022

Last sale price $148,000

37 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Level Lot
  • 3-minute walk to Fee Park
  • High Speed Internet
  • Wood Siding

About This Home

As of May 2022

2 unit Income property in the City of Adrian, close to Adrian Colleges. The Lower Unit offers 3 beds and 1 Bath, A large Mudroom, with Laundry hook-ups, Large bedrooms, Absolutely stunning woodwork in the Foyer and Bannister to the Upper Unit, and a large Living Room. The Upper Unit has 2 beds and 1 bath. It offers 9' Ceilings, Large bedrooms, Large Living Room, Laundry hook-ups in the basement, and has a stairwell that leads to attic space that could be finished to add additional living space. Tenants will enjoy the Wrap-Around deck on the front of the Home and the deck on the back of the home. 2 Car Detached Garage can e be utilized as additional perking for the Tenants. Total monthly rents are $1,610 combined and City Inspections were just completed in December 2021. Both Units occupied

Last Agent to Sell the Property

Mike Kendall

Executive Brokers Residential and Commercial Real Estate License #6506048214 Listed on: 03/13/2022

Last Buyer's Agent

MichRIC Non-Member

NON-MEMBER REALTOR 'LIST'

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,158

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 58x113x120x140
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Gravel Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Gross Income $19,320

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,158

Year Built

Built in 1900

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1900
  • General Property Info:Basement: Yes
  • Waterfront Options:Water Access YN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 152900.0
  • Lot Features: Level, Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Natural Gas Available, Phone Available
  • Water Source: Public Water

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Dimensions: 58x113x120x140
  • Lot Size Sq Ft: 7405.0

Rental Info

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

Multi Family

  • Gross Income: 19320.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2158.0
  • Tax Year: 2021
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2022 05/31/22 Sold $148,000 -3.2% --
03/13/2022 03/13/22 For Sale $152,900 +264.0% --
06/29/2012 06/29/12 Sold $42,000 -5.0% $18 / Sq Ft View Prior Sale
05/30/2012 05/30/12 Pending -- -- --
05/21/2012 05/21/12 For Sale $44,200 -- $19 / Sq Ft
Source: MichRIC

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 $4,298 $74,200 $0 $0
2024 $33 $65,100 $0 $0
2023 $3,873 $60,200 $0 $0
2022 $2,651 $56,100 $0 $0
2021 $2,872 $51,700 $0 $0
2020 $2,587 $51,200 $0 $0
2019 $114,605 $43,000 $0 $0
2018 $2,495 $51,829 $0 $0
2017 $2,437 $39,383 $0 $0
2016 $2,179 $38,240 $0 $0
2014 -- $36,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Kendall

    Seller's Agent in 2022

    Mike Kendall

    Executive Brokers Residential and Commercial Real Estate

    (517) 474-0832

    2 in this area

    137 Total Sales

    Mike Kendall
    Section Image

  • M

    Buyer's Agent in 2022

    MichRIC Non-Member

    NON-MEMBER REALTOR 'LIST'

  • D

    Seller's Agent in 2012

    Dianna Smith

    Century 21 Elite MC

  • D

    Buyer's Agent in 2012

    Don Wells

    Xsell Realty

    Section Image
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Map

Source: MichRIC

MLS Number: 22007857

MichRIC

APN: XA0-570-0015-00

Michigan Lenawee County Adrian 49221

471 S Main St, Adrian, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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