Occupied Triplex with Fenced
For Sale
$219,000
972 Michigan Ave, Adrian, MI 49221
Three residential units offer two efficiencies and one one-bedroom apartment near Adrian College.
Property SizeContact for details
Days on Market54
Property Features for 972 Michigan Ave
General Information
Standard status
Active
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x efficiency, 1 x 1BR
Multifamily Units
3
Additional Details
Gross Income
$26,400
Utilities to Site
Yes
Amenities
fenced yard
Building Details
Year Built
1900
Listing Agency:
Rch Brokerage Legacy Inc
(248) 440-2268
Listed By:
In Network Real Estate Group
(248) 655-7955
Source:
Innetworkrealestate
Added: Sep 6
Changed: Oct 27
Last Checked: Oct 28 at 7:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rch Brokerage Legacy Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3-unit residential property contains two efficiency apartments and one one-bedroom apartment, with all units currently occupied. The building was constructed in 1900 and includes a fenced yard and a garage that is presently used by the owner. Seller-owned appliances include three refrigerators and three ranges/ovens.
The property is located at 972 Michigan Ave in Adrian City, near Adrian College. The landlord currently handles utilities, lawn care, and trash, and the utilities are not separately metered. Building systems include one furnace, one hot water heater, and one electrical panel. Unit 2 is leased through March 31, 2027, while the remaining two units are rented on a month-to-month basis. Tenant access requires 48-hour notice.
The property is located at 972 Michigan Ave in Adrian City, near Adrian College. The landlord currently handles utilities, lawn care, and trash, and the utilities are not separately metered. Building systems include one furnace, one hot water heater, and one electrical panel. Unit 2 is leased through March 31, 2027, while the remaining two units are rented on a month-to-month basis. Tenant access requires 48-hour notice.
Key Highlights
- 3‑unit property with two efficiency apartments and one one‑bedroom apartment
- All three units are currently occupied
- Unit 2 leased through March 31, 2027; two units are month‑to‑month
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Explore this area
Business Placement
Demographics for 49221, MI
41,315
Population
17,011
Households
2.4
Avg Household Size
39
Median Age
22%
College-Educated
88%
High-School Grad
119.9 sq mi
ZIP Area
345
Density / Sq Mi
$57,316
Median Household Income
$32,289
Median Earnings
$986
Median Rent
$158,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer two efficiencies and one one-bedroom apartment near Adrian College.
Where is this triplex located?
The property is located at 972 Michigan Ave Adrian, MI.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 3‑unit property with two efficiency apartments and one one‑bedroom apartment; All three units are currently occupied; Unit 2 leased through March 31, 2027; two units are month‑to‑month
