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.

http://.reinhart-realtors.com/24017842

AGENT/COMPANY DETAILS  

LOCATION  

Township  Ann Arbor

Directions  Packard to Dewy

HOUSE DESCRIPTION  

Fin Below Grd 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

ASSESSMENT/SCHOOLS   

Land Assessment  -

Improvements  -

Net Taxes  $11748

Acreage  0.13

Taxes  $11748.0

Tax Year  2023

Summer Taxes  -

School District  Ann Arbor

High School  Pioneer

Middle  Tappan

Elementary  Burns Park

Winter Taxes  -

LOT DESCRIPTION  

Lower Level Square Footage  0

Waterview  N

Number of Units  6

Waterfront  N

For Lease/Rent  N

Est. Total Acres  0.13

Lot Dimensions  50 x 112

WaterFrontage   0

INTERIOR FEATURES  

Heating  Baseboard, Hot Water, Natural Gas

Cooling  Window Unit(s)

Basement  N

Heating  Baseboard, Hot Water, Natural Gas

EXTERIOR FEATURES  

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

DETAILS  

Status Change Date  04/26/2024

Listing Date  04/16/2024

Internet/IDX  Y

Named Exceptions  N

LISTING OFFICE DETAILS  

Listing Office   Ann Arbor - E. Stadium - Reinhart Realtors

Office Address   2452 E. Stadium Blvd

Listing Number   24017842

THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Wednesday, May 15, 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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