Turn-key investment with low vacancy rate. Popular location across from Addison High School. 11 unit building offers ten 2 bedroom apartments and one 1 bedroom apartment. Monthly rent is $800-$850 per month for remodeled units and $650 per month for older units. 1 bedroom rents for $650 per month. Excellent building, with room to increase NOI.
Turn-key investment with low vacancy rate. Popular location across from Addison High School. 11 unit building offers ten 2 bedroom apartments and one 1 bedroom apartment. Monthly rent is $800-$850 per month for remodeled units and $650 per month for older units. 1 bedroom rents for $650 per month. Excellent building, with room to increase NOI.
REALCOMP #81024042692
Feb 28, 2025
Sold
$560,000
$59/sq ft
Dec 18, 2024
Pending
—
Sep 25, 2024
Relisted
—
Aug 28, 2024
Pending
—
Aug 1, 2024
Listed
$750,000
$79/sq ft
LEASESTAR #2
Jan 29, 2025
Rental Removed
$850
$0/sq ft
Nov 8, 2024
Listed for Rent
$850
$0/sq ft
Sep 12, 2024
Rental Removed
$850
$0/sq ft
Jun 11, 2024
Listed for Rent
$850
$0/sq ft
May 29, 2024
Rental Removed
$850
$0/sq ft
May 7, 2024
Listed for Rent
$850
$0/sq ft
Apr 27, 2024
Rental Removed
$850
$0/sq ft
Sep 27, 2023
Price Changed
$850
$0/sq ft
Aug 30, 2023
Listed for Rent
—
Aug 22, 2023
Rental Removed
—
Jul 18, 2023
Listed for Rent
—
Jul 12, 2023
Rental Removed
—
BUILDIUM #1
Jan 15, 2025
Rental Removed
$850
$0/sq ft
Jan 9, 2025
Listed for Rent
$850
$0/sq ft
Dec 8, 2024
Rental Removed
$850
$0/sq ft
Dec 8, 2024
Listed for Rent
$850
$0/sq ft
Nov 8, 2024
Rental Removed
$850
$0/sq ft
Sep 12, 2024
Listed for Rent
$850
$0/sq ft
Jun 11, 2024
Rental Removed
$850
$0/sq ft
May 29, 2024
Listed for Rent
$850
$0/sq ft
May 7, 2024
Rental Removed
$850
$0/sq ft
Apr 27, 2024
Listed for Rent
$850
$0/sq ft
Sep 19, 2023
Rental Removed
—
Sep 18, 2023
Listed for Rent
—
Sep 12, 2023
Rental Removed
—
Sep 8, 2023
Listed for Rent
—
Aug 30, 2023
Rental Removed
—
Aug 15, 2023
Listed for Rent
—
Aug 10, 2023
Rental Removed
—
Jul 12, 2023
Listed for Rent
—
SW Michigan MLS #21035054
Jul 22, 2021
Listing Removed
—
Oct 16, 2019
Listed
$475,000
$50/sq ft
SW Michigan MLS #21034774
Jul 22, 2021
Listing Removed
—
Jun 12, 2018
Listed
$475,000
$50/sq ft
SW Michigan MLS #21034765
Mar 15, 2021
Sold
$475,000
$50/sq ft
Dec 4, 2020
Listed
$475,000
$50/sq ft
Greater Lansing AoR #40128445
Mar 15, 2021
Sold
$475,000
$50/sq ft
Dec 21, 2020
Contingent
—
Dec 4, 2020
Listed
$475,000
$50/sq ft
REALCOMP #55021034765
Mar 15, 2021
Sold
$475,000
$50/sq ft
Dec 21, 2020
Contingent
—
Dec 4, 2020
Listed
$475,000
$50/sq ft
MiRealSource-MiMLS #30775212
Oct 9, 2020
Listing Removed
—
Oct 16, 2019
Listed
$475,000
$50/sq ft
REALCOMP #55021035054
Oct 8, 2020
Listing Removed
—
Oct 16, 2019
Listed
$475,000
$50/sq ft
MiRealSource-MiMLS #70292972
May 8, 2019
Listing Removed
—
Jun 12, 2018
Listed
$475,000
$50/sq ft
REALCOMP #55021034774
May 8, 2019
Listing Removed
—
Jun 12, 2018
Listed
$475,000
$50/sq ft
SW Michigan MLS #16372
Aug 31, 2011
Sold
$319,000
$34/sq ft
May 12, 2011
Listed
$335,000
$35/sq ft
AAMLS #3103725
Aug 31, 2011
Sold
$319,000
$34/sq ft
Aug 29, 2011
Delisted
—
May 12, 2011
Listed
$335,000
$35/sq ft
MiRealSource-MiMLS #20009319
Aug 31, 2011
Sold
$319,000
$34/sq ft
May 12, 2011
Listed
$335,000
$35/sq ft
MiRealSource-MiMLS #952876
Apr 1, 2011
Listing Removed
—
Oct 1, 2010
Listed
$349,000
$37/sq ft
MiRealSource-MiMLS #20776
Mar 8, 2010
Listing Removed
—
Nov 8, 2009
Listed
$349,900
$37/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Lenawee County
APN
WD1-001-0041-00
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Apr 10, 2023.
Property details
Parking
Parking/Garage Information
# of Parking Spaces Total: 15
Parking Features: Asphalt
Interior
Heating & Cooling
Has Cooling
Cooling: Wall Unit(s)
Has Heating
Heating: Hot Water, Natural Gas, Other
Interior Features
Interior Features: Storage
Room Information
Laundry Features: Common Area
Has Basement
Basement Details: Walk-Out Access
Unit Type 8 Information
Type: 3 Bedroom
Description: 2 Bed NE, A/C Unit, Deck/Patio
# of Bedrooms: 2
# of Bathrooms: 1
# of Units Total: 2
Unit Type 9 Information
Type: 3 Bedroom
Description: 1 Bed NW, A/C Unit
# of Bedrooms: 1
# of Bathrooms: 1
Unit Type 10 Information
Type: 3 Bedroom
Description: 2 Bed SW, A/C Unit, Deck/Patio
# of Bedrooms: 2
# of Bathrooms: 1
ListingKey: 21906356310868528119
ListingKeyNumeric: 204581637
ListingId: 81024042692
OriginatingSystemName: Realcomp
RawMlsModificationTimestamp: 2025-03-11T21:24:13
UnitTypeKey: 21906317267619753429
Exterior
Exterior Features
Roof: Rubber
Building Information
Construction Materials: Brick
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: MultiFamily
Lot Information
Lot Features: Corner Lot
Road Responsibility: Public Maintained Road
Lot Size Dimensions: 76 x 132
Lot Size Area: 14,375
Lot Size Units: Square Feet
Lot Size Acres: 0.33
Financial
Tax Information
Tax Annual Amount: $7,631
Utilities
Utility Information
Water Source: Public
Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected, Sewer Available, Water Available
Sewer: Public Sewer
Location
Schools Information
High School District: Addison
Location Information
Directions: From Jackson: S on 127 to E Main Street. E on E Main. Property at corner of Jackson and E Main.
Cross Street: Jackson & E Main
Community Information
Community Features: Sidewalks
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Lenawee County
APN: WD1-001-0041-00
Home facts updated by county records on Apr 10, 2023
Around this home
Schools
Addison Elementary School
Public PreK-5 • Assigned • 0.1mi
4/10
Addison Middle School
Public 6-8 • Assigned • 0.1mi
6/10
Addison High School
Public 9-12 • Assigned • 0.1mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Addison, MI • 49220
Average low and high temperatures (°F)
27
14
33
18
52
32
61
41
67
48
80
60
84
64
78
58
77
52
65
43
48
35
35
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10 hours in
June and 2.8 hours in December, placing it below the
U.S. average for solar exposure.