MLS Public Remarks HIGHEST & BEST due by 4/24/24 at 12:00 noon EST. Rare Opportunity to own this 6-unit apartment building nestled along a quiet, tree lined street with great proximity to U of M's south campus and the Sports Complexes. This property presents a lucrative opportunity for investors seeking long-term returns. The property has two 1-bedroom units and four 2-bedroom units. Each unit features a dishwasher, range/oven, refrigerator, and air conditioning. Heat and water are included, tenants pay electric. There is 1 parking spot per unit, a covered area for bicycles, and an on-site washer and dryer. Rental income 1/23 to 12/23 was $95,465. All units are fully rented for Fall of 2024 with annual rental income of $114,600.
Susan Snyder
Office Ann Arbor - South
500 E. Eisenhower Pkwy.
Ann Arbor, MI 48108
Township Ann Arbor
Directions Packard to Dewy
Listing Office
Reinhart Realtors - Ann Arbor - East
Listing Agent
Rick Jarzembowski
Mobile
734-645-3634
Selling Email -
Selling Phone -
Fin Below Grd SqFt 0
Fin Non Exposed SqFt 0
Total Fin SqFt 0
Price/SqFt $417
Unfinished SqFt 0
Above Grade Finished SqFt 0
CDOM 10
Sub Property Type 5+ Units
Year Built 1965
Days on Market 10
Association Fee $
Land Assessment $0
Improvements $0
Net Taxes $11,748
Acreage 0.13
Taxes $11,748
Tax Year 2023
Summer Taxes $0
School District Ann Arbor
High School Pioneer
Middle Tappan
Elementary Burns Park
Winter Taxes $0
Lower Level Square Footage 0
Waterview N
Number of Units 6
Waterfront N
For Lease/Rent N
Est. Total Acres 0.13
Source for Est. Total Acres
Lot Dimensions 50 x 112
WaterFrontage
0
Heating Baseboard, Hot Water, Natural Gas
Cooling Window Unit(s)
Basement N
Heating Baseboard, Hot Water, Natural Gas
Garage 0.0
Basement details Slab
Sewer Public Sewer
Parking Desc Asphalt, Driveway
Garage Desc Asphalt, Driveway
Terms/Misc. Cash, Conventional
Possession Subject To Tena
Exterior Materials Brick
THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Thursday, May 16, 2024. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
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