496 Redman
Milan, MI 48160
Listing Price:
$440,000
Sold For:
$443,700
Sold Date:
Oct 30, 2020
4,983
Square Feet
Estimate Finished Square Feet
4,983 Sq Ft Above Ground
4,983 Sq Ft Above Ground
Highest and Best by Wednesday, September 23rd, 2020 at 10:00am. Come visit this 'hard to find' Five Plex Multi-family property in the City of Milan!! Built in 1992, each unit features 2 Bedrooms, 1 Bath and 874sqft. of individual living space. There is a main floor Laundry Room offering a coin operated washer and dryer for Tenant use. Tenants are responsible for all Utilities w/separate Meters and Mechanicals to each Unit. A 2 Story Building, 4370sqft in overall size, with maintenance-free Vinyl siding, and Asphalt Shingles. Located on the corner of Platt and Redman, this .76 Acres is nicely landscaped and offers a convenient location close to Schools, Shopping and downtown Milan. Large off-street parking area. Fully occupied with current leases, most month to month with long term tenancy. Calling all Investors 'this is truly one not to miss'!!!
Details
Community
General Information
Interior
Exterior
Additional Details
Type
- Income Property
Year Built
- 1992
MLS#
- 3276324
Lot Size
- 0.76
Interior
Number Of Kitchens
- 5
Laundry
- Common/Coin
Number of Units
- 5
Exterior
Road Type
- Public
Additional Details
Taxable Value
- $7,425
State Equalized Value
- $106,300
Community - Milan Area
A growing city of 5,700, Milan straddles the Washtenaw/Monroe County line, providing its residents with ready access to Ann Arbor, Ypsilanti, Monroe, greater Detroit, and Toledo, Ohio. Founded in 1831 as an agricultural community, Milan has evolved into a community of small business owners and professionals working in other locations.
The Senior Citizen and Community Activity Center, on the Saline River, is home to Milan's Parks and Recreation department. With nearly 200 acres of parkland in the city, recreational opportunities abound, and the Parks Department offers a variety of classes, teams, and fitness programs through the year.
About half of Milan's housing stock was built prior to 1959. A number of new single family and condominium communities have been built in Milan over the past 10 years.