504 & 506 STATE ST., Adrian 49221

$119,900

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MLS#: 31303509
• For Sale
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There are 2 houses on property. Can not be split. Financing will have to have 20% or more down. 1 house at 504 State St., has two 1 BR/1 bath apartments. House at 506 State St. is a single family dwelling and has 2 BR/ 1 bath, living rm., dining rm, basement. Seller is a licensed realtor. Unit #1= 506 State St., Unit #2= 504 State St., Unit #3= 504 1/2 State St. Located in Historic District. 2 houses- 3 units. 1 single family 2 BR house & second house with 2 units. All in great shape & ready to be taken over. All separate utilities. All rented. Annual income $18,780. Present owner has owned them for 24 years & they have always brought in a great income. You could live in one & the other 2 would completely pay your payment. Or, rent them all & let it pay for itself.

Property Information    

Status
Active 
Address
504 & 506 STATE ST. 
City
Adrian 
Zip
49221 
Year Built
1900 
County
Lenawee 
Above Grade SqFt

School Information

School District
Adrian City School District 

Taxes

Taxes
$2,574 
Summer Taxes
$1,889 
Winter Taxes
$684 

Rooms and Land

Number of Units

Features

Basement
Block 

Listing Video for 504 & 506 STATE ST., Adrian MI 49221

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Listing Courtesy of Linda Rudd & Associates, Inc.
Lynn Pifer
Office Address 3136 N Adrian Hwy. Suite A