1135 W Maumee Street $600,000

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    1135 W Maumee Street Adrian, MI 49221

    • 4,038 sq. ft.
    • 0.96 Acres
    • Commercial
    • MLS# 50147306
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    Views: 22 Days On Site: 144

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    Property Details

    5-Unit Apartment Complex with Individual Garages! Property Overview - Units: 5 spacious, single-floor apartments - Bedrooms: Each unit boasts 2 bedrooms - Garages Private garage for each unit - Utilities: Separate utilities for each unit Features: - Condition Excellent, move-in ready - Convenience: Each unit offers privacy and quiet living - Parking: Dedicated garages provide secure and convenient parking - Efficiency: Individually metered utilities ensure efficient energy use Location: Located in a desirable neighborhood, this well-maintained complex is perfect for investors or those looking to manage a low-maintenance property. Enjoy the benefits of a thriving rental market with strong demand for quality housing. Don't miss out on this opportunity to own a turnkey investment property. Contact us today for more details and to schedule a viewing!

    • General Features
      • Acreage 0.96
      • Area Municipality Adrian (46025)
      • Body of Water None
      • County Lenawee
      • Originating MLS Lenawee
      • Ownership LLC
      • Subdivision D K Underwoods Add
      • Total SqFt Finished 4038
      • Waterfront Y/N No
      • Year Built 1993
      • ZONING Commercial
    • Building Features
      • Cooling System Central A/C
      • Exterior Construction Vinyl Siding
      • Exterior Features Deck/Patio
      • Foundation Type Crawl
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
      • Roofing Shingles
    • Property Features
      • Water Public Water
      • Water Features None
      • PARKING On Site
      • Lot Size 157x259
      • Roads City/County, Paved Street
      • Sewer Septic Public Sanitary

    Neighborhood

    49221 (Adrian) Demographics

    38 Median Age
    344 Population Density (per sq. mile)
    26% College Educated
    $48,447 Estimated Median Income
    10,700 Estimated Total Home Owners
    4,538 Estimated Total Renters
    70% / 30% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    40,930 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $215,000 Median Sales Price
    40 Homes Sold
    39 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $600,000
        7/2/2024 2:22:00 PM New in Database Source: Multiple Listing Service New Value: $600,000

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.