1246 University Ave, Adrian, MI 49221

$228,000 Asking Price

4 beds
1 bath
1,368  sqft
Built in 1900

Welcome to this beautifully remodeled 4-bedroom, 1-bath home, ideally situated near Adrian College. This property is currently operating as a successful short-term rental (Airbnb), generating an impressive average of $3,000 per month in rental income. Whether you're looking to move in or continue using it as an investment property, this home is ready for you! All furnishings and appliances are included—no need to worry about buying furniture or appliances. 200 Amp Electrical Service (2023), Central Air Conditioning (2024), New Water Heater (2024).

Features & Amenities

Interior

General:
Furnished
Appliances:
Dishwasher,Dryer,Microwave,Range/Oven,Refrigerator,Washer
Basement:
Block
A/C:
Central A/C
Heating:
Natural Gas, Forced Air
Fireplace:
LivRoom Fireplace,Electric Fireplace, Fireplace

Exterior

General:
Brick, Deck,Patio,Porch,Sidewalks,Street Lights
Style:
Contemporary
Other Structures:
Shed
Parking:
3 or More Spaces

Construction

General:
2 Story, Basement

Location

Road/Access:
City/County
Originating MLS:
Lenawee County Association of REALTORS
School District:
Adrian City School District
County:
Lenawee

Lot

Zoning:
E 125.6 FT LOT 1 COLLEGE TERRACE, XA0-475-0001-00

Utilities

Water:
Public Water
Sewer:
Public Sanitary

Financial

Source:
Lenawee County Association of REALTORS

This listing courtesy of:
Howard Hanna Real Estate Services-Adrian, Khrys Gould

About Adrian, MI

Housing

Number of Units
16,290
Median Home Value
$127,884
Median Rent
$682

31.44% of housing units are renter occupied.

9.23% are vacant.

Commute

Car
86.87%
Public Transportation
0.51%
Walk to Work
4.55%
Work from Home
6.48%
Other
1.00%

The median travel time to work is 21 minutes.

People

Population
40,790
Median Age
37.40
Median Household Size
2.60

Education

High School
39.70%
Associate’s Degree
7.57%
Bachelor’s Degree
10.81%
Graduate Degree
8.73%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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