$31,400
●
House -
Off Market
349 Michigan Avenue
Adrian, MI 49221
4 Beds
1 Bath
1,752 Ft²
$355
Est. Monthly
64.71%
Cap Rate
About This Property
*SHORT SALE DOCUMENTS ATTACHED
Welcome to College town Adrian and Michigan's ''MAPLE City''. 349 Michigan Avenue sits a traditional home that is waiting for your ideas and creativity. The home will require interior and exterior Rehab & Repairs but offers so much potential. Newer roof, furnace, water heater and many windows have been updated over the years. Enjoy amenities like public Water, Sewer & Natural gas. This will make the perfect home for answer-occupant or as an investment property. Call today to schedule your private tour.
Welcome to College town Adrian and Michigan's ''MAPLE City''. 349 Michigan Avenue sits a traditional home that is waiting for your ideas and creativity. The home will require interior and exterior Rehab & Repairs but offers so much potential. Newer roof, furnace, water heater and many windows have been updated over the years. Enjoy amenities like public Water, Sewer & Natural gas. This will make the perfect home for answer-occupant or as an investment property. Call today to schedule your private tour.
Unit Size
1,752 Ft²
Days on Market
58 days
Land Size
0.18 acres
Price per sqft
$28
Property Type
House
Property Taxes
$109
HOA Dues
-
Year Built
1890
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 7 months ago (MichRIC MLS #23141121)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 3, 2024 | Sold | ||
| Sold | |||
| Nov 6, 2023 | Listed by eXp Realty LLC | $49,900 | |
| Listed by eXp Realty LLC | |||
| Aug 8, 2023 | Listed by eXp Realty LLC | $49,000 | |
| Listed by eXp Realty LLC | |||
| | |||
|
FHA 203K / VA Renovation Financing / Conventional Rehabilitation & Repair Loan***
**SHORT SALE POSSIBLE **
Welcome to College town Adrian and Michigan's ''MAPLE City''. 349 Michigan Avenue sits a traditional home that is waiting for your ideas and creativity. The home will require interior and exterior Rehab & Repairs but offers so much potential. Newer roof, furnace, water heater and many windows have been updated over the years. Enjoy amenities like public Water, Sewer & Natural gas. This will make the perfect home for answer-occupant or as an investment property. Call today to schedule your private tour.
| |||
| Jul 16, 2023 | Listed by eXp Realty LLC | $67,900 | |
| Listed by eXp Realty LLC | |||
| | |||
|
**FHA 203K / VA Renovation Financing / Conventional Rehabilitation & Repair Loan***
**SHORT SALE POSSIBLE **
Welcome to College town Adrian and Michigan's ''MAPLE City''. 349 Michigan Avenue sits a traditional home that is waiting for your ideas and creativity. The home will require interior and exterior Rehab & Repairs but offers so much potential. Newer roof, furnace, water heater and many windows have been updated over the years. Enjoy amenities like public Water, Sewer & Natural gas. This will make the perfect home for answer-occupant or as an investment property. Call today to schedule your private tour.
| |||
| Apr 24, 2023 | Listed by eXp Realty LLC | $66,900 | |
| Listed by eXp Realty LLC | |||
| | |||
|
MOTIVATED SELLER - ALL REASONABLE OFFERS WILL BE CONSIDERED. **
**FHA 203K / VA Renovation Financing / Conventional Rehabilitation & Repair Loan***
Welcome to College town Adrian and Michigan's ''MAPLE City''. 349 Michigan Avenue sits a traditional home that is waiting for your ideas and creativity. The home will require interior and exterior Rehab & Repairs but offers so much potential. Newer roof, furnace, water heater and many windows have been updated over the years. Enjoy amenities like public Water, Sewer & Natural gas. This will make the perfect home for answer-occupant or as an investment property. Call today to schedule your private tour.
| |||
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About Adrian
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Listed by: Ahmed ''Ali'' Khalil, eXp Realty LLC
Last Updated: 7 months ago
Data Source: MichRIC, MLS# 23141121
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 7 months ago
Data Source: MichRIC, MLS# 23141121
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