Jennifer D. Jennings
REALTOR®
BEDS0
BATHS
MLS#26047210
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLAdrian
Property Description
Well-kept and profitable 3-unit investment property conveniently located near Adrian College. This charming property includes two efficiency apartments and one one-bedroom apartment, all currently occupied by tenants with a solid payment history. Current monthly rents are $700, $725, and $775, producing $2,200 per month in gross rental income. Rents have remained unchanged for several years, creating an attractive opportunity for future upside. Unit 2 is leased through March 31, 2027, while the other two units are month-to-month. The fenced yard adds private appeal, and the garage, currently used by the owner, could potentially be rented for an additional $150 per month. Seller-owned appliances include three refrigerators, three ranges/ovens. Landlord currently pays utilities, lawn care, and trash; utilities are not separately metered. Property is served by one furnace, one hot water heater, and one electrical panel. Please allow 48-hour notice for tenant access.
Property Features
Property Type: Multi Unit - Multiple
Basement: Crawl Space, Full
Cooling: None
Heating: Forced Air
Lot Size: 0.18 Acres
Roof Type: Composition
Taxes: $4,855
Year Built: 1900
Feature Descriptions
Days on Site: 3
Exterior: Aluminum Siding
Laundry: In Unit, Washer Hookup
Lot: Sidewalk
Lot Dimensions: 83x93
Owner Pays: Trash Collection, Electricity, Sewer, Gas
Parcel Number: XA0405200100
Parking: Concrete, Driveway
Parking Total: 0
Sewer: Public Sewer
Sub Type: 2 to 4 Units
Tenant Pays: None
Units: 3
Utilities: Natural Gas Available, Electricity Connected
Local Schools
School District: Adrian
Listed By / Shown By
Listed By
Agency Name: The Charles Reinhart Company
Agent Name: Maura Rains
Agency Phone: 734-971-6070
Shown By
Agent Name: Jennifer D. Jennings
Agent Phone: (989) 295-4680
Agency Title: Key Realty
 | The property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 09/07/2026. |
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Estimated Payment
$ 1,693.48 per month $1,225.02 Principal & Interest $404.58 Property Tax $63.88 Homeowner's InsuranceChange Payment Information
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972 Michigan Avenue | MLS# 26047210
This multi-family property located at 972 Michigan Avenue, Adrian, MI 49221 is currently listed for sale with an asking price of $219,000. Michigan Avenue is located within the Adrian school district. Search Adrian real estate on www.jdjrealtor.com today.