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$705,000
Est. payment /mo
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 81026045677
Year Built 1962
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type MultiFamily
Property Description
Discover an exceptional investment opportunity in the heart of Ann Arbor. This well-maintained 4-unit multifamily property offers a turnkey solution for investors looking to capitalize on the thriving Ann Arbor rental market. With strong demand in the area, this property is currently fully occupied, providing immediate cash flow and enduring value for your portfolio. The building configuration features a versatile unit mix, including two 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. The property has been well-cared for, highlighted by a newer roof that includes a transferable warranty, offering peace of mind for future ownership. Tenants will appreciate the convenience of the large, private parking lot in the rear, providing ample off-street parking--a highly sought-after amenity in the Ann Arbor area. Located in a prime location, this property offers proximity to the University of Michigan, downtown Ann Arbor's vibrant dining and entertainment scene.
Location
State MI
County Washtenaw
Area Area04092Annarbor
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features Asphalt
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected
View Y/N No
Roof Type Other
Building
Sewer Public Sewer, Sewer At Street
Water Public
New Construction No
Schools
School District Ann Arbor
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Donald Wurtzel of Cornerstone Real Estate
NEARBY SCHOOLS & PROPERTIES
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