tomo logo

$228,000

Beds
4
Baths
1.0
sq ft
1,368

1246 University Ave, Adrian, MI 49221

1246 University Ave

Adrian, MI 49221

  • 44 days on market
    • Price drop $5,000↓
Welcome to this beautifully remodeled 4-bedroom, 1-bath home, ideally situated near Adrian College. This property is currently operating as a successful short-term rental (Airbnb), generating an impressive average of $3,000 per month in rental income. Whether you're looking to move in or continue using it as an investment property, this home is ready for you! All furnishings and appliances are included—no need to worry about buying furniture or appliances. 200 Amp Electrical Service (2023), Central Air Conditioning (2024), New Water Heater (2024).

Details

Property type

Single Family Residence

Est. home value

$135,708

Lot size

5,227 sq ft

Price per sq ft

$167

Year built

1900

Annual property taxes

$3,629.91

Price History

11/15/2024
MiRealSource

MiRealSource #50157920

Price change
$228,000
-2.15%
11/11/2024
MiRealSource

MiRealSource #50157920

Price change
$233,000
-2.1%
11/11/2024
MiRealSource

MiRealSource #50157920

Listed
$238,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Adrian City School District

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Old National Bank

Loan start date

February 2022

Original loan amount

$82,500

Est. remaining balance

Not provided

Interest rate

3.12%

Loan type

Purchase Money Mortgage, 5 year

Seller

Sjg Rentals Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 9:25 PM

Listing updated: 11/15/2024 at 10:20 AM

Listed by: Khrys Gould, Howard Hanna Real Estate Services-Adrian Phone #: (517) 263-4100

MLS: MiRealSource #50157920

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