632 Division St Adrian, MI 49221
Estimated payment $996/month
Highlights
- Farmhouse Style Home
- Separate Outdoor Workshop
- Porch
- Fenced Yard
- 1 Car Detached Garage
- Patio
About This Home
Discover a lucrative investment opportunity with this 3-unit multi-family property located in the heart of Adrian. Generating a robust gross rental income of $2,250 per month, this property offers a steady cash flow while tenants cover their own electric bills, enhancing your profit margins. Ideal for seasoned investors or those looking to enter the rental market, this property combines convenience and financial potential in a desirable location. Don't miss your chance to secure this income-generating asset today. Furnace 1 year old.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 0.27 Acre Lot
- Lot Dimensions are 181x72
- Fenced Yard
Home Design
- Farmhouse Style Home
Interior Spaces
- 2-Story Property
- Window Treatments
- Oven or Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Basement
- Michigan Basement
- Sump Pump
Parking
- 1 Car Detached Garage
- Unassigned Parking
Outdoor Features
- Patio
- Separate Outdoor Workshop
- Porch
Utilities
- Forced Air Heating System
- Separate Meters
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number XA0-422-3024-00
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,307 | $51,500 | $0 | $0 |
| 2024 | $26 | $45,300 | $0 | $0 |
| 2023 | $3,174 | $41,600 | $0 | $0 |
| 2022 | $2,237 | $38,800 | $0 | $0 |
| 2021 | $1,890 | $35,800 | $0 | $0 |
| 2020 | $1,878 | $36,100 | $0 | $0 |
| 2019 | $85,655 | $30,900 | $0 | $0 |
| 2018 | $1,811 | $36,940 | $0 | $0 |
| 2017 | $1,759 | $29,923 | $0 | $0 |
| 2016 | $1,745 | $30,485 | $0 | $0 |
| 2014 | -- | $29,100 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/20/2026 01/20/26 | For Sale | $139,900 | +19.6% | $79 / Sq Ft | |
| 04/01/2024 04/01/24 | Sold | $117,000 | -6.3% | $66 / Sq Ft | View Prior Sale |
| 02/05/2024 02/05/24 | For Sale | $124,900 | +92.2% | $70 / Sq Ft | |
| 11/23/2021 11/23/21 | Sold | $65,000 | -11.0% | $37 / Sq Ft | View Prior Sale |
| 10/26/2021 10/26/21 | For Sale | $73,000 | +128.1% | $41 / Sq Ft | |
| 08/10/2012 08/10/12 | Sold | $32,000 | -19.8% | $18 / Sq Ft | View Prior Sale |
| 07/11/2012 07/11/12 | Pending | -- | -- | -- | |
| 07/09/2012 07/09/12 | For Sale | $39,900 | -- | $22 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $65,000 | None Available | |
| Warranty Deed | $25,953 | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $58,500 | Commercial |
Source: Michigan Multiple Listing Service
MLS Number: 50197905
APN: XA0-422-3024-00
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Source MLS: MiRealSource
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Ask me questions while you tour the home.