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0 Baths

$219,000

972 Michigan Avenue, Adrian MI, 49221

Price per sqftN/A
Built in1900
Property typeMulti-family
Courtesy of Maura Rains, The Charles Reinhart Company

Overview

Active

Listed Sep 4, 2026

Updated Sep 4

Well-kept and profitable 3-unit investment property conveniently located near Adrian College. This charming property includes two efficiency apartments and one one-bedroom apartment, all currently occupied by tenants with a solid payment history. Current monthly rents are $700, $725, and $775, producing $2,200 per month in gross rental income. Rents have remained unchanged for several years, creating an attractive opportunity for future upside. Unit 2 is leased through March 31, 2027, while the other two units are month-to-month. The fenced yard adds private appeal, and the garage, currently used by the owner, could potentially be rented for an additional $150 per month. Seller-owned appliances include three refrigerators, three ranges/ovens. Landlord currently pays utilities, lawn care, and trash; utilities are not separately metered. Property is served by one furnace, one hot water heater, and one electrical panel. Please allow 48-hour notice for tenant access.

$1,457/mo

Est. mortgage payment based on a $219,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26047210

Interior Features

Bathrooms
0
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.18 Acres

Other Property Details

Taxes
$4,855
Tax Frequency
Annually
MLS provider logo

Courtesy of The Charles Reinhart Company

The IDX display contains information sourced from the MichRIC® as of 9/4/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated 9/4/2026

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