Addison MI Multi Family for Sale

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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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Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307


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Addison Real Estate

The median home value in Addison, MI is $428,000. 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 $428,000. 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.

Addison Real Estate Market Conditions

  • Median sales price

    $428,000
    16.2% change since last quarter
  • # Active listings

    15
    30-day change

Addison Schools and Demographics

Education near Addison, MI

Metric City County
High School Graduates 92.57 91.46
College Degree - 2 year 13.71 9.57
College Degree - 4 year 13.43 21.85
Graduate Degree 4.86 6.42
Expenditures per Student 12,291 12,291
Students per Teacher 16.3 16.3

Elementary Schools near Addison, MI

School Grades Students P/T Ratio ZIP
Addison Elementary School KG - 05 400 16.1 49220
Columbia Elementary School PK - 05 473 19.4 49230
North Adams-Jerome Elementary School PK - 05 130 15.5 49262
Onsted Elementary School KG - 05 595 16.5 49265

Middle Schools near Addison, MI

School Grades Students P/T Ratio ZIP
Addison Middle School 06 - 08 181 16.6 49220
Columbia Middle School 05 - 08 374 16.5 49230
Onsted Middle School 06 - 08 339 19.3 49265

High Schools near Addison, MI

School Grades Students P/T Ratio ZIP
Addison High School 09 - 12 270 20 49220
Columbia Central High School 09 - 12 463 22.2 49230
North Adams-Jerome Middle/High School 06 - 12 194 20.1 49262
Onsted Community High School 09 - 12 494 20.8 49265

Ungraded Schools near Addison, MI

School Grades Students P/T Ratio ZIP
Columbia Alternative Education 06 - 12 80 19.9 49234

Demographics near Addison, MI

Metric City County
Neighborhood Type Small town
Population 526 99,346
Population Density 551 133
Median Age 36.1 41.8
People per Household 2.2 2.4
Median Household Income 45,163 60,656
Average Income per Capita 25,326 29,958