Description
Why just buy a home when your home can help pay for itself? This duplex offers a unique opportunity to combine homeownership with income potential-live comfortably in one unit while renting the other to help offset your monthly mortgage payment. Located in lenawee county both units have 2 bedrooms and 1 full bathroom. There is new flooring, updated electrical, and newer furnace & water heaters for each unit. This property is located downtown with views of mill pond. There is also lake access minutes away. For buyers looking to make a financially strategic move, this type of property can be an excellent way to reduce the cost of homeownership while beginning to build long-term wealth through real estate. Instead of carrying the entire housing expense yourself, you have the opportunity to put a portion of the property to work for you. Whether you're a first-time buyer looking for a smarter path into homeownership, an experienced investor expanding your portfolio, or someone thinking ahead about future financial flexibility, this property offers options that a traditional single-family home simply can't. Live in one. Rent the other. Build equity in both. This isn't just a place to call home-it's an opportunity to make your real estate purchase work harder for you.
Details
| MLS # | 50220282 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 47 |
| Listing Provided By | Real Estate One Monroe | Erica Mendez |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,400 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.04 |
| Property View | Water |
Interior
| Rooms Total | 8 |
|---|---|
| Heating Yes / No | Yes |
| Heating | Natural Gas, Forced Air |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Basement |
Parking
| Garage Yes / No | No |
|---|
Other
| List Aor | Southeastern Border Association of REALTORS |
|---|
Taxes
| Property | 3504 |
|---|
Area Information
| State | MI |
|---|---|
| County | Lenawee |
| City | Addison |
| Zip Code | 49220 |
| Area | Addison (46023) |
| Community Name | Downtown Addison |
| Listing VS Median (in Downtown Addison) | |
Price: $164,900 low | high Med: $164,900 sqft: 2,400 low | high Med: 2,400 $ / sqft: $69 low | high Med: $69 On site: 47 low | high Med: 47 | |
Market Activity 49220
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Learn More About This Property
| State | MI |
|---|---|
| County | Lenawee |
| City | Addison |
| Zip Code | 49220 |
| Area | Addison (46023) |
| Community Name | Downtown Addison |
| Listing VS Median (in Downtown Addison) | |
Price: $164,900 low | high Med: $164,900 sqft: 2,400 low | high Med: 2,400 $ / sqft: $69 low | high Med: $69 On site: 47 low | high Med: 47 | |