NOT LISTED FOR SALE

809 College Ave Adrian, MI 49221

6 Beds
4 Baths
3,404 Sq Ft
10,454 Sq Ft Lot

Last Sold April 28, 2022

Last sale price $171,200 $50 Per Sq Ft

4 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Forced Air Heating System
  • Main Floor Bedroom
  • Living Room
  • 3-minute walk to West Park

About This Home

As of April 2022

Great investment opportunity close to Adrian College! Fully rented 4-unit with year leases. City Inspections are up-to-date. Well maintained with Two (2) Bedroom Apartments, Two (1) Bedroom Apartments. Gas and Electric are separately metered. Lot includes ample parking with 4 parking spaces and a circular drive for easy entrance and exit to both College and S. McKenzie Street. Separate and lockable entry for upstairs units. Slate roof may look discolored, but no issues noted. Most windows are newer and are less than 3 years old. There are 4 laundry hook ups in basement (offering additional income potential with coin operated machines.) Lockable storage/owner storage in basement. Range/oven and refrigerators are included in each unit. 2 furnaces are located in the basement, 2 furnaces are located in the walk-up attic. Four hot water heaters are in the basement. 2 Long time tenants (11 years and 5 years). Seller notes easy to lease!

Last Agent to Sell the Property

Kay Buenaflor Prong

Howard Hanna Real Estate Services-Tecumseh License #LCAR-6501295684 Listed on: 04/04/2022

Howard Hanna Real Estate Services-Tecumseh

Last Buyer's Agent

Kay Buenaflor Prong

Howard Hanna Real Estate Services-Tecumseh License #LCAR-6501295684 Listed on: 04/04/2022

Howard Hanna Real Estate Services-Tecumseh

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1905

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 62.5x132.5x132x104x70x28

Parking

  • 3 Car Parking Spaces

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Living Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Oven or Range
  • Laundry on lower level

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 4 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater
  • Internet Available

Community Details

  • 4 Units
  • James Berrys Western Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number XA0-305-7004-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,919

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units, Investment
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Flood Insurance: Not Required
  • Year Built: 1905
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable/Internet Avail., Hardwood Floors
  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Full
  • Bedrooms: 6
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Dining Kitchen: Dining "L", Eat-In Kitchen
  • Sub Room Description: First Floor Bedroom, Living Room, Lower Level Laundry
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 3404

Exterior Features

  • Construction: Wood
  • Exterior Features: Porch, Sidewalks
  • Frontage: 62
  • Foundation Type: Basement
  • Roads: City/County, Curbed, Paved Street

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: XA0-305-7004-00
  • Lot Dimensions: 62.5x132.5x132x104x70x28
  • Acreage: 0.24
  • Lot Description: Sidewalks
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Lawn Maintenance, Snow Removal, Taxes, Trash Removal, Water/Sewer

Tax Info

  • Summer Tax: Year: 2021, Amount: $2,119.00
  • Winter Tax: Year: 2021, Amount: $800.00
  • Taxable Value: 71700
  • Total Tax: Year: 2021, Amount: $2,919.00
  • SEV Year: 2022

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Adrian City School District

Range of Values:

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Sold Price
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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
04/28/2022 04/28/22 Sold $171,200 +14.9% $50 / Sq Ft
04/08/2022 04/08/22 Pending -- -- --
04/04/2022 04/04/22 For Sale $149,000 -- $44 / Sq Ft
Source: Michigan Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50069758

Michigan Multiple Listing Service

APN: XA0-305-7004-00