Multi-Unit Investment Property Near Hillsdale College Welcome to this fantastic multi-unit property nestled in the beautiful Hillsdale County, just minutes away from the prestigious Hillsdale College. This income-generating gem offers three separate units, making it an ideal investment opportunity for families, investors, or those looking for potential rental income. All units are rented and current tenants are on a month to month rental agreement. 2 of the 3 tenants have lived there for 2 or more years. Current property manager is willing to assist with transition and contract with new owners, if desired. Unit 1: 2 bedrooms, 1.5 bathrooms Unit 2: 1 bedroom, 1 bathroom Unit 3: 1 bedroom, 1 bathroom, has discounted rent rate for maintenance and lawn services. Garage: $300 per month Don't miss out on this incredible investment opportunity near Hillsdale College! Act quickly to make this multi-unit property your own. For more information or to schedule a viewing, please contact me at 517-403-3413 or HollyGriewahn@Gmail.Com
Sold for $208,000
$208,000
27 State St, Hillsdale, MI 49242
4beds
2,866sqft
Multi Family
Built in 1900
-- sqft lot
$252,800 Zestimate®
$73/sqft
$1,478 Estimated rent
Home value
$252,800
$228,000 - $278,000
$1,478/mo
Zestimate® history
Owner options
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$1,478/mo
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$1,478/mo
Rent Zestimate®
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$1,366/mo
Est. payment
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$1,366/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Holly Griewahn 517-403-3413,
Foundation Realty, LLC - Manitou Beach
Bought with:
Darin W Spieth, 6501348697
Spieth & Satow Auctions & Real Estate
Source: MiRealSource,MLS#: 50123450
Originating MLS: Lenawee County Association of REALTORS
Originating MLS: Lenawee County Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Bathroom
- Features: First Flr Bath Lav/Half
Heating
- Forced Air
Cooling
- Ceiling Fan(s)
Appliances
- Included: Gas Water Heater
Features
- Basement: MI Basement,Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 2,866
- Total interior livable area: 2,866 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached, Electric in Garage, Garage Door Opener
- Attached garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Waterfront features: None
- Body of water: None
- Frontage length: 270
Lot
- Size: 0.40 Acres
- Dimensions: 270 x 105
Details
- Parcel number: 00612612720
- Special conditions: Private
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Basement
Condition
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
Community & neighborhood
Location
- Region: Hillsdale
- Subdivision: None
HOA & financial
Other financial information
- Total actual rent: 1800
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/7/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/28/2024 | Listed for rent | $1,000 |
Source: Zillow Rentals Report a problem | ||
| 10/31/2023 | Sold | $208,000-11.8%$73/sqft |
Source:  MiRealSource #50123450 Report a problem | ||
| 10/19/2023 | Contingent | $235,900$82/sqft |
Source: MiRealSource #50123450 Report a problem | ||
| 9/28/2023 | Listed for sale | $235,900+57.3%$82/sqft |
Source: MiRealSource #50123450 Report a problem | ||
| 4/10/2023 | Listing removed | -- |
Source: MiRealSource #70172131 Report a problem | ||
| 4/9/2021 | Sold | $150,000-16.2%$52/sqft |
Source:  MichRIC #20049433 Report a problem | ||
| 2/1/2021 | Pending sale | $178,900$62/sqft |
Source: MichRIC #20049433 Report a problem | ||
| 12/3/2020 | Listed for sale | $178,900$62/sqft |
Source: MichRIC #20049433 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,486 +48.6% | $128,800 +16.2% |
| 2024 | $4,364 -0.7% | $110,800 +27.8% |
| 2023 | $4,395 | $86,700 +16.8% |
| 2022 | -- | $74,200 -4.1% |
| 2021 | $2,123 +2.7% | $77,400 -4% |
| 2020 | $2,066 +21.8% | $80,600 +11.9% |
| 2019 | $1,696 +11.6% | $72,000 +30.4% |
| 2018 | $1,519 +0.2% | $55,200 -23.3% |
| 2017 | $1,517 +26.7% | $72,000 +43.4% |
| 2016 | $1,197 | $50,200 |
| 2015 | $1,197 | $50,200 +25.7% |
| 2013 | -- | $39,940 +11.4% |
| 2012 | -- | $35,850 -11.8% |
| 2011 | -- | $40,640 -11.8% |
| 2010 | -- | $46,100 |
Find assessor info on the county website
Neighborhood: 49242
Nearby schools
GreatSchools rating
- 5/10Davis Middle SchoolGrades: 5-8Distance: 0.6 mi
- 5/10Hillsdale High SchoolGrades: 9-12Distance: 0.8 mi
- 4/10Gier Elementary SchoolGrades: K-4Distance: 1 mi
Schools provided by the listing agent
- District: Hillsdale Comm Public Schools
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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- Michigan
- Hillsdale County
- Hillsdale
- 49242
- 27 State St
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