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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.
Type
- Multi Family
City/Township
- Ann Arbor
Year Built
- 1965
MLS#
- 24017842
Lot Size
- 0.13 Acres
Garage
- Asphalt, Driveway
Est. Finished Above Ground
- 0 sq ft
Air Conditioning
- Window Unit(s)
Basement
- Slab
Road Type
- Paved
Listed By
- Ann Arbor - East
County
- Washtenaw
Schools
District
- Ann Arbor
Taxes
Taxes
- $11,748
| MLS Number | New Status | Previous Status | Activity Date | New List Price | Previous List Price | Sold Price | DOM |
|---|---|---|---|---|---|---|---|
| 24017842 | Contingency | Active | Apr 26 2024 2:20PM | 10 | |||
| 24017842 | Active | Apr 16 2024 10:48AM | $1,400,000 | 10 |
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