Properties for sale in Michigan

972 Michigan Avenue, Adrian, MI 49221

New Listing

$219,000

Property Type: Multi Family Lot Size (sq. ft.): 7,841 Status: Active

Current Price: $219,000 List Date: 9/04/2026 Last Modified: 9/04/2026

Overview

Description

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.

Listing Details MLS# 26047210

Location Property Info

County: Lenawee
Street #: 972
Street Name: Michigan
Suffix: Avenue
State: MI
Zip Code: 49221

General Property Info

Lot Measurement: Acres
Lot Square Footage: 7841
Lot Acres: 0.18
Lot Dimensions: 83x93
Year Built: 1900
New Construction: No
Road Frontage: 83
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: Yes
Waterfront: No
School District: Adrian
Association YN: No

Tax Info

Tax ID #: XA0405200100
Taxable Value: 69206
SEV: 89400
For Tax Year: 2026
Seller's Annual Property Tax: 4855
Tax Year: 2026
Zoning: R1

Remarks Misc

Directions: Corner of S. Scott and Michigan.

Access Feat

Accessibility Features: No

More Information

Unit 1

Unit #: Yes
Unit Description: Efficiency
SqFt: 376
Occupied: Yes
Monthly Rent: 700
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 2
Unit Description: Efficiency
SqFt: 535
Occupied: Yes
Monthly Rent: 725
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit #: 3
Unit Description: 1 Bedroom with Fence
SqFt: 1066
Occupied: Yes
Monthly Rent: 775
Bathrooms: Yes
Full Baths: Yes

Property Features

Laundry Features: In Unit; Washer Hookup Exterior Material: Aluminum Siding Roofing: Composition Substructure: Crawl Space; Full Lot Description: Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected Util Avail at Street: Natural Gas Available; Public Sewer; Public Water Owner Pays: Electricity; Gas; Sewer; Trash Collection Tenant Pays: None Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: None Driveway: Concrete Street Type: Public Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None Unit 1: Range Oven; Refrigerator Unit 2: Refrigerator Unit 3: Range/Oven; Refrigerator; W/D Hookup

Listing Office: The Charles Reinhart Company

Listing Agent: Maura Rains

Last Updated: September - 04 - 2026

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