Three Unit Mixed Use

Multi-Family for Sale
Catylist Listing ID: 30810626
Property Subtypes: Duplex/Fourplex
Number of Units: 3 Units
Building Size (RSF): 3,100 SF
Gross Land Area: 0.45 Acres
Sale Price: $149,000
Unit Price: $49,666.67 Per Unit
Property Use Type: Investment
Usable Size (USF): 3,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/18/2022

Overview / Comments

Some updates in 2019 and 2020. Lower level was renovated for the Do-Jo in 2019. Rents have been raised in the apartments but still lower than market rent. Landlord pays for gas bill and tenants pay for electric.
One bedroom unit is vacant and being renovated.

Additional Details

Nearest MSA: Adrian
County: Lenawee
Taxing Authority: Blissfield
Tax ID/APN: BL2-620-0410-00
Zoning: C-2
Percent Occupied: 100%
Property Located Between: Giles and Newspaper St.
Highway Access: Located on US-223
Airports: Toledo Express
Area Description: Residential and commercial properties
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Renovated: 2020
Roof Type: Gable
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Parking lot on South side of building
Total Parking Spaces: 12
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Package Unit, Window Unit
Internet Access: Cable
Easements: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,674 4,115 9,621
Median Age: 40.87 38.6 40.53
Households: 728 1,596 3,708


Photograph of Listing Agent

Patrick J. Hoffman, CCIM

Hanna Commercial CPIX Member
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