Turn-key investment with low vacancy rate.Popular location across from Addison High School.11 unit building offers ten 2 bedroom apartments and one 1 bedroom apartment.Monthly rent is $800-$850 per month for remodeled units and $650 per month for older units. 1 bedroom rents for $650 per month.Excellent building, with room to increase NOI.
Addison is located in Michigan. Addison, Michigan has a population of 526. Addison is less family-centric than the surrounding county with 21.37% of the households containing married families with children. The county average for households married with children is 28.03%.
The median household income in Addison, Michigan is $45,163. The median household income for the surrounding county is $60,656 compared to the national median of $69,021. The median age of people living in Addison is 36.1 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 15.4 degrees. The average rainfall is approximately 36.3 inches per year, with 39.2 inches of snow per year.
