For Sale
$1,450,000

943 Maumee StAdrian, MI 49221

11-Unit Apartment Complex, High ROI Potential

Overview

Added:
Feb 3
Days on market:
70
This exceptional 11-unit apartment complex, situated on a 1.15-acre lot at 943 W Maumee Street in Adrian, MI, presents a compelling investment opportunity. Each unit is a spacious, single-floor apartment featuring two bedrooms and a private garage. The property boasts excellent condition, making it move-in ready for tenants. Individual utility metering ensures efficient energy use and simplifies management. The dedicated garages provide secure and convenient parking for residents. The complex is designed to offer privacy and quiet living for each tenant, contributing to high tenant satisfaction and retention. Located in a desirable Adrian neighborhood, this property benefits from a strong rental market with consistent demand for quality housing. This turnkey investment property offers a low-maintenance approach to generating rental income, making it an attractive option for both seasoned investors and those new to the multi-family market. The asking price is $1,450,000. The property's strong features, combined with its prime location, promise a significant return on investment. This is a rare opportunity to acquire a well-maintained, income-producing asset in a thriving market. Serious inquiries are encouraged.

Property Details for 943 Maumee St

Property type
Year Built
2007
Lot Size (sq. ft)
50,094 SF

Location Insight

City
Adrian
County
Lenawee
State
Michigan
Latitude
41.89925
Longitude
-84.05203
943 Maumee St, Adrian, Michigan

FAQs

What type of property is this?
Commercial real estate - 11-Unit Apartment Complex, High ROI Potential
Where is the commercial real estate located?
The property is located at 943 Maumee St Adrian, MI.
What is the asking price?
The asking price for this property is $1,450,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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943 Maumee St
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