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Off market
  • $939,000

    319 State St, Adrian, MI 49221

    --beds
    0baths
    10,000sqft
    MultiFamily
    Built in 1953
    -- sqft lot
    $939,000 Zestimate®
    $94/sqft
    $1,015 Estimated rent

    Home value

    $939,000

    $817,000 - $1.07M

    $1,015/mo

    Zestimate® history
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    What's special

    This is a rare opportunity to invest in a 12 unit building that offers 9 two bedroom units and 3 one bedroom units with 2 separate entrances and two separate laundry facilities each offering extra storage for each unit. Every unit has wood flooring most of which is parkay wood flooring that brings the majesty of this building to life. All units have a private screened in patio/porch adding that home feel and extra space. Large living rooms, plenty or cabinetry and counter space in the kitchens, great closet space and easy access to everything that this historic part of Adrian has to offer make this an easy long term investment for anyone looking to build their portfolio and to build generational wealth. The best news is that all tenants are on a month to month lease or have no lease at all so if the rents don't meet your buyers needs then you have breathing room there too and with on site parking for 8 to 10 cars you can beat this one of a kind brick building that is in great condition!!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Appliances
    • Laundry: Yes, Common/Coin
    Interior area
    • Total interior livable area: 10,000 sqft

    Property

    Lot
    • Size: 0.82 Acres

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1953

    Community & neighborhood

    Location
    • Region: Adrian

    Other

    Other facts
    • Laundry: Yes, Common/Coin
    • Road Type: Public
    • Tenant Pays: Cable TV, Electricity
    • Property Subtype 1: 5+ Units
    • Lot Size Source: (Tax Record)
    • City or Township: City
    • Construction: Block
    • Outside Features: Enclosed Porch
    • # Of Kitchens: 12
    • URL: https://annarbor.rapmls.com/scripts/mgrqispi.dll?A
    • # Total Bedrooms: 21

    Price history

    DateEventPrice
    12/6/2023Listing removed$690,000-3.5%$69/sqft
    Source: MiRealSource #40198943
    9/8/2021Sold$715,000+3.6%$72/sqft
    Source: MichRIC #19987
    8/6/2021Contingent$690,000$69/sqft
    Source: MiRealSource #40198943
    8/6/2021Pending sale$690,000$69/sqft
    Source: AAABOR #3282400
    7/16/2021Listed for sale$690,000$69/sqft
    Source: AAABOR #3282400

    Public tax history

    Tax history is unavailable.

    Neighborhood: 49221

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Adrian

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    An equal housing lender. NMLS #10287.