3180 N Adrian Hwy (M-52)

    Adrian, MI 49221
    • $275,900
    • STATUS: Pending
    • ON SITE: 113 days
    • ID#: 57031377664
    Pending
    UPDATED: 44 min ago
    $275,900
    • 0
      BEDS
    • 2.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,640
      SQFT
    • $168
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1957
    County:
    Area:
    Lot Size Dimensions:
    Irregular

    School Ratings & Info

    Description

    Great investment property located across from MGR Theater on busy N. Adrian Hwy, (M52) in Adrian MI. Located approximately one mile from new ProMedica Regional Hospital site. 20 unit mobile home park, 18 units are owned by park (2 of which are in poor condition and not habitable) and 2 homes are tenant owned. Park is licensed for 25 units. Office and apartment are not currently part of the income stream.(vacant). Office building is approximately 75% vacant and could potentially be converted into an office or apartment. Existing apartment is occupied by onsite general maintenance person who receives complimentary rent in exchange for services. Cap rate is little more than 18%.

    Monthly Payment Calculator



    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Alex Nugent Team | Real Estate One are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-08-17T19:56:31.26.
    www.alexnugent.com/homes/94066218

    3180 N Adrian Hwy (M-52) Adrian, MI 49221

    • Price: $275,900
    • Status: Pending
    • Updated: 44 min ago
    • ID#: 57031377664
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.3
    Acres
    1,640
    SQFT
    $168
    $/SQFT
    1957
    Built
    Neighborhood:
    Adrian
    County:
    Lenawee
    Area:
    Adrian
    Property Description
    Great investment property located across from MGR Theater on busy N. Adrian Hwy, (M52) in Adrian MI. Located approximately one mile from new ProMedica Regional Hospital site. 20 unit mobile home park, 18 units are owned by park (2 of which are in poor condition and not habitable) and 2 homes are tenant owned. Park is licensed for 25 units. Office and apartment are not currently part of the income stream.(vacant). Office building is approximately 75% vacant and could potentially be converted into an office or apartment. Existing apartment is occupied by onsite general maintenance person who receives complimentary rent in exchange for services. Cap rate is little more than 18%.
    Exterior Features

    Lot Size Dimensions Irregular Road Frontage Feet 393 Waterfront YN No

    Interior Features

    Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0

    Property Features

    Assessment No Commercial Type Commercial Exclusions YN No Land Contract YN Yes Listing Financing ConventionalLand Contract Possession Tenants Postal City Adrian Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 2952.5000 Tax Amount Winter 4175.1100 Title Private - Owned Total Tax 7127.6100 Unparsed Address 3180 N ADRIAN HWY (M-52) Water Source Well-Existing

    IDX provided courtesy of Realcomp II Ltd., via Howard Hanna-Monroe and Monroe County AOR MLS, ©2019 Realcomp II Ltd. Shareholders.


    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Alex Nugent Team | Real Estate One are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-08-17T19:56:31.26.
     
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