Addison MI Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- 9,450
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.33 Acres
- Year built:
- 1973
- Baths:
- MLS#:
- 70425150
ADDITIONAL INFORMATION
Turn-key investment with low vacancy rate.Popular location across from Addison High School.11 unit building offers ten 2 bedroom apartments and one 1 bedroom apartment.Monthly rent is $800-$850 per month for remodeled units and $650 per month for older units. 1 bedroom rents for $650 per month.Excellent building, with room to increase NOI.
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Addison Real Estate
The median home value in Addison, MI is $300,000. This is higher than the county median home value of $200,800. The national median home value is $338,100. The average price of homes sold in Addison, MI is $300,000. Approximately 51.63% of Addison homes are owned, compared to 34.66% rented, while 13.72% are vacant. Addison real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Addison real estate agent to arrange a tour today!
Addison, Michigan has a population of 526. Addison is less family-centric than the surrounding county with 21.37% of the households containing married families with children. The county average for households married with children is 28.03%.
The median household income in Addison, Michigan is $45,163. The median household income for the surrounding county is $60,656 compared to the national median of $69,021. The median age of people living in Addison is 36.1 years.
Addison Weather
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 15.4 degrees. The average rainfall is approximately 36.3 inches per year, with 39.2 inches of snow per year.