1 month on rocket

561 S Main St, Adrian, MI, 49221

$184,900

Home List Price

$2,196*

Closing Credit

3 Full Baths
1,942 SqFt
$95/SqFt
Multi

Location

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561 S Main St, Adrian$184,900

Buyer Closing Credits

$2,196*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAssigned Spaces
Year Built1870
HeatingNatural Gas, Forced Air, Separate Meters
CoolingCeiling Fan(s)
BasementYes
MLS #56050158408
Lot Size0.18 Acres
StatusActive

About 561 S Main St

A fantastic investment opportunity in Adrian! This well-maintained triplex features three rental units with separate utilities and a strong rental history. Ideal for investors looking to generate income immediately. All 3 single units occupied generating $2500 p/month in rent. Modern upgrades and stylish finishes in the upper unit, making it highly desirable for tenants. Includes a 2-car detached garage with ample additional parking space. Recently painted within the last few years, enhancing the curb appeal and reducing maintenance. This triplex is a fantastic opportunity for investors looking to acquire a solid, income-generating property.

Property Details

Property Features

Property Information:

  • Architectural Style: Conventional
  • Year Built: 1870
  • Stories: 2
  • Living Area: 1,942 SqFt

Listing Office:

  • Office Name: Howard Hanna Real Estate Services-Adrian
  • Office Phone: (517) 263-4100
  • Listing Agent: Khrys Gould

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 3

Exterior Features

Parking Information:

  • Parking: Assigned Spaces

Lot Features

Lot Information:

  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air, Separate Meters
  • Cooling: Ceiling Fan(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $184,900
  • Price Per SqFt: $95/SqFt

Tax Information:

  • Annual Amount: $2,018
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Adrian, MI.

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Adrian, MI

City

Med. Sold Price

$185K

Med. Price/SqFt

$142

Avg. Days On Market

41

# of Sold Homes

37

561 S Main St vs Adrian

30 DAYS ON ROCKET

-11 Days

$184,900

-$100 Less

$95/SqFt

-$48 Less

KEY TAKEAWAY

This property is $100 less than the Median Sold Price and $48/SqFt less than other homes in Adrian, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Lenawee County Association of REALTORS®
  • MLS Number: #56050158408

Listing Office:

  • Office Name: Howard Hanna Real Estate Services-Adrian
  • Office Phone: (517) 263-4100
  • Listing Agent: Khrys Gould

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for 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.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 4:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,018$38,700
2019$1,986$33,100
2018$1,890$33,000
2017$1,875$32,400

History based on county public records data.

Payment Calculator

$990

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$621

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-363015
3
/10

  • Michener Elementary School

  • 104 Dawes Ave

  • 0.74 miles

  • Public District Grades PK-5

school-card-donut-363016
5
/10

  • Lincoln Elementary School

  • 158 S Scott St

  • 0.78 miles

  • Public District Grades PK-5

school-card-donut-363017
4
/10

  • Alexander Elementary School

  • 520 Cherry St

  • 1.05 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,794. The most common annual income of people living in Adrian, MI is less than $35k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Lenawee County›Adrian›49221›561 S Main St

This home is located at 561 S Main St in Adrian, MI and zip code 49221. This 1,942 square foot home, which was built in 1870, sits on a 0.18 acre lot. Features: 3 bathrooms. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $184,900.

While more than 9 listings in Adrian, MI in October 2024 were sold above asking price, there were more than 8 listings sold at asking price, and more than 20 were sold below. In October 2024 in Adrian, MI there were 0.7% less homes for sale than in September 2024. Listings spent 41 days on the market in October 2024, and had a median list price of $185,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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