MLS # 25038018 (Michigan Regional Information Center (MichRIC))

Attention Investors!!! This well-maintained property currently has a long term lease, with the ability to purchase a strong income stream. Charming 3-bedroom, 2.5-bath farmhouse nestled on a spacious 2.5-acre lot in a peaceful rural setting. This delightful home features a large attached garage and an expansive 2000+ sq. ft. pole barn. Located just 5 miles from both Onsted and Manitou Beach- Devils Lake, property boasts easy access to small-town amenities and beautiful recreational opportunities for the Tenant. Current lease through July 31st, 2031, and lease payments amount to $39,500/yr.
Source: SparkMLS
Located in Rome Township in Adrian, this property offers 3-bedroom, 3-bath, 1,580 sq ft, with original construction dating to 1880.
Asking $254,900 (about $161/sq ft).
Annual property taxes run approximately $2,110 ($176/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Midwest Energy Cooperative; natural gas by Citizens Gas Fuel Company. Fiber internet is available at this address with download speeds up to 1,000 Mbps across 7 providers.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: SparkMLS
Legal Description
ALG THE S LI OF SD SEC TH N00 21'19''W 167FT TH N89 16'05''E 100FT TH N00 21'19''W 80.50FT ALG THE N-S 1/4 LI OF SD SEC TH N89 07'27''E 264FT TH S00 21'19''E 247.50FT TO THE S LI OF SD SEC TH S89 07'27''W 264FT TO THE POB ALSO LD DES AS BEG AT THE S1/4 COR OF SD SEC&RUN TH S89 16'05''W 261FT ALG THE S LI OF SD SEC TH N00 21'19''W 167FT TH N89 16'05''E 161FT TH S00 21'19''E 167FT TH S89 16'05''W 1
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by KIMBERLY J KURTZ
Exit Realty 1st LLC
View SEV, Taxable Value, and uncapping difference for this parcel — Lenawee County public records.
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
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1 Gbps
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Midwest Energy Cooperative
Co-op
Citizens Gas Fuel Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
10512 Rome Road, Adrian, MI 49221
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Municipality
Rome Township
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County
Lenawee County
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