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.
Michelle Armbruster
Office Ann Arbor - East
2452 E. Stadium Blvd
Ann Arbor, MI 48105
Township Ann Arbor
Directions Packard to Dewy
Listing Office
Reinhart Realtors - Ann Arbor - East
Listing Agent
Rick Jarzembowski
Mobile
734-645-3634
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
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