NOT LISTED FOR SALE

471 S Main St Adrian, MI 49221

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

Last Sold May 31, 2022

Last sale price $148,000

37 Days on Market

Highlights

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

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

  • Multi-Family

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

Interior Spaces

  • 2 Fireplaces
  • 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 Available
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Gross Income $19,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,158

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 58x113x120x140
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2158.0
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Driveway:Gravel: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • 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
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

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

Lot Info

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

Rental Info

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

Multi Family

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

Tax Info

  • Tax Annual Amount: 2158.0
  • Tax Year: 2021

Range of Values:

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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 Change Sq Ft Price
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
05/30/2012 05/30/12 Pending -- -- --
05/21/2012 05/21/12 For Sale $44,200 -- $19 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22007857

Southwestern Michigan Association of REALTORS®

APN: XA0-570-0015-00