RARE INCOME PRODUCING OPPORTUNITY!! 2 homes on one property, with 3 rental units, that are all City Certified. The home at 506 State St. is a single family home, with 2 bdrms, and 1 bath, The house next door at 504 State St has 2 one bedroom 1 bath apartments. Both homes are very well maintained, and cared for, with separate utilities. Currently, all units are rented. State St. is a very beautified and Historical area of Adrian. The surrounding homes are all impeccably maintained. Seller pays for Water, Sewer, and Trash, approx. 240.00 per month, now included in summer taxes, and not billed monthly. Properties cannot be split. All leases are month to month.
Sold for $188,000 on 01/22/24
$188,000
504-506 State St, Adrian, MI 49221
4beds
2,728sqft
Multi Family
Built in 1900
-- sqft lot
$201,600 Zestimate®
$69/sqft
$1,308 Estimated rent
Home value
$201,600
$181,000 - $222,000
$1,308/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 23, 2024 at 07:58am
Listed by:
Kathy R Zmijewski 517-403-4930,
Howard Hanna Real Estate Services-Adrian
Bought with:
Kathy R Zmijewski, 6502358339
Howard Hanna Real Estate Services-Adrian
Source: MiRealSource,MLS#: 50118288
Originating MLS: Lenawee County Association of REALTORS
Originating MLS: Lenawee County Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Bedroom 1
- Features: No
Bathroom
- Features: Other-See Remarks
Heating
- Forced Air
Cooling
- None
Features
- Basement: Block
- Has fireplace: No
Interior area
- Total structure area: 2,728
- Total interior livable area: 2,728 sqft
Property
Features
- Levels: One and One Half
- Stories: 1
- Waterfront features: None
- Body of water: none
- Frontage length: 66
Lot
- Size: 5,227 sqft
- Dimensions: 66 x 80
- Features: Platted, Corner Lot
Details
- Parcel number: XAO400802200
- Zoning description: Multi-Family
- Special conditions: Private
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Multi Family
Materials
- Vinyl Siding, Wood Siding
- Foundation: Basement
Condition
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
- Utilities for property: Cable/Internet Avail.
Community & neighborhood
Location
- Region: Adrian
- Subdivision: Berrys Southern Addition/ Historic
HOA & financial
Other financial information
- Total actual rent: 1690
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/22/2024 | Sold | $188,000-8.3%$69/sqft |
Source:  MiRealSource #50118288 | ||
| 1/10/2024 | Pending sale | $205,000$75/sqft |
Source: MiRealSource #50118288 | ||
| 12/20/2023 | Contingent | $205,000$75/sqft |
Source:  Realcomp II #56050118288 | ||
| 8/10/2023 | Listed for sale | $205,000+95.2%$75/sqft |
Source: MiRealSource #50118288 | ||
| 2/21/2017 | Sold | $105,000$38/sqft |
Source: MiRealSource #31303509 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 49221
Nearby schools
GreatSchools rating
- 3/10Michener Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 3/10Springbrook Middle SchoolGrades: 6-8Distance: 1 mi
- 7/10Adrian High SchoolGrades: 8-12Distance: 1.3 mi
Schools provided by the listing agent
- District: Adrian City School District
Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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