Sold for $188,000

$188,000

504-506 State St, Adrian, MI 49221

4beds

2,728sqft

Multi Family

Built in 1900

-- sqft lot

$210,300 Zestimate^®

$69/sqft

$1,235 Estimated rent

Home value

$210,300

$189,000 - $231,000

$1,235/mo

Zestimate^® history

Owner options

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$1,235/mo

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$1,235/mo

Rent Zestimate^®

Refinance and save

$1,223/mo

Est. payment

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$1,223/mo

Est. payment

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What's special

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.

Facts & 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 Report a problem
1/10/2024	Pending sale	$205,000$75/sqft
Source: MiRealSource #50118288 Report a problem
12/20/2023	Contingent	$205,000$75/sqft
Source: Realcomp II #56050118288 Report a problem
8/10/2023	Listed for sale	$205,000+95.2%$75/sqft
Source: MiRealSource #50118288 Report a problem
2/21/2017	Sold	$105,000$38/sqft
Source: MiRealSource #31303509 Report a problem