$2,850,000
$2,750,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
9,583 Sqft Lot
SOLD DATE : 01/03/2025
Key Details
Sold Price $2,850,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 81024055485
Sold Date 01/03/25
Bedrooms 7
Originating Board Greater Metropolitan Association of REALTORS®
Year Built 1966
Annual Tax Amount $28,831
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 74 x 132
Property Description
Rare Opportunity to own this 10-unit brick apt bldg adjacent to UofM's south/athletic campus. This property presents a lucrative opportunity for investors seeking long-term returns. The property has three 1-BR units and seven 2-BR units. Each unit features a full-size kitchen w/ dishwasher, gas range refrigerator, and air conditioning unit. Some units recently renovated. All furnishings are included in sale. Tenants pay electric. Owner pays gas & water. There is 1 parking spot assigned per unit, and up to 6 add'l spaces. On-site rented washer and dryer. Long-term tenants are common. Super easy to step right in. All units are fully rented through 8/21/2025. Current Certificate of Compliance good through 7/23/26. Boiler Inspection good through 4/15/27. Metal roof with 50 year warranty
Location
State MI
County Washtenaw
Area Ann Arbor
Zoning Multi-Family
Direction Main or State Streets to Hoover, then North on Division to Benjamin St.
Rooms
Basement Daylight
Interior
Interior Features Laundry Facility
Heating Baseboard, Hot Water, Radiant
Cooling Wall Unit(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Garage Spaces 16.0
Roof Type Metal
Road Frontage Paved
Garage no
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Ann Arbor
Others
Pets Allowed Yes
Tax ID 090932106016
Acceptable Financing Cash, Conventional, Trade/Exchange
Listing Terms Cash, Conventional, Trade/Exchange
Financing Cash,Conventional,Trade/Exchange
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