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- LoopNet Team
3180 N Adrian Hwy
Adrian, MI 49221
Robin Hood Estates · Multifamily Property For Sale
·
33,000 SF
PROPERTY FACTS
| No. Units | 24 | Lot Size | 2.39 AC |
| Property Type | Multifamily | Building Size | 33,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1957 |
| Building Class | C | Parking Ratio | 1.21/1,000 SF |
| Zoning | CI | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.39 AC |
| Building Size | 33,000 SF |
| No. Stories | 1 |
| Year Built | 1957 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | CI |
AMENITIES
UNIT AMENITIES
- Air Conditioning
ABOUT 3180 N ADRIAN HWY , ADRIAN, MI 49221
Great investment property located across from MGR Theater on busy N. Adrian Hwy, (M52) in Adrian MI. Located approximately one mile from new ProMedica Regional Hospital site. 20 unit mobile home park, 18 units are owned by park (2 of which are in poor condition and not habitable) and 2 homes are tenant owned. Park is licensed for 25 units. Office and apartment are not currently part of the income stream.(vacant). Office building is approximately 75% vacant and could potentially be converted into an office or apartment. Existing apartment is occupied by onsite general maintenance person who receives complimentary rent in exchange for services. Cap rate is little more than 18%.
PROPERTY TAXES
| Parcel Number | AD0-124-4400-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $152,900 |
PROPERTY TAXES
