943 Maumee St Adrian, MI 49221-1962

Property Details for 943 Maumee St

Year built

2007

Lot size

1.15 lot acres

Property size

9,540 SF

Zone code

RM-1

Property type

Commercial real estate

APN

XA0-220-4023-01

APU

XA0220402301

Description

This exceptional 11-unit apartment complex, situated on a 1.15-acre lot at 943 W Maumee Street in Adrian, MI, presents a compelling investment opportunity. Each unit is a spacious, single-floor apartment featuring two bedrooms and a private garage. The property boasts excellent condition, making it move-in ready for tenants. Individual utility metering ensures efficient energy use and simplifies management. The dedicated garages provide secure and convenient parking for residents. The complex is designed to offer privacy and quiet living for each tenant, contributing to high tenant satisfaction and retention. Located in a desirable Adrian neighborhood, this property benefits from a strong rental market with consistent demand for quality housing. This turnkey investment property offers a low-maintenance approach to generating rental income, making it an attractive option for both seasoned investors and those new to the multi-family market. The asking price is $1,450,000. The property's strong features, combined with its prime location, promise a significant return on investment. This is a rare opportunity to acquire a well-maintained, income-producing asset in a thriving market. Serious inquiries are encouraged.