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Kristine Ludy

kristine@realtorsinmichigan.com +1(248) 704-9922

$5,249,500

Est. payment - /mo

6,040 SqFt

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Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 6,040 sqft

Price per Sqft $869

MLS Listing ID 81026022380

Year Built 1901

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type MultiFamily

Property Description

Fully Leased for 2026-27 with total scheduled revenue of $419,400! Brand New 4 Unit University of Michigan Student rental property located steps from Central Campus and the brand new Wolverine Village dorm. Fully renovated in 2024, property has a total of 23 Bedrooms & 24 1/2 Bathrooms(each Bedroom with its own Ensuite Bathroom). High End finishes throughout with Stainless Steel Appliances and Granite Countertops to command top of market Rents. Low Maintenance Exterior, and High Efficiency Forced Air Furnace & A/C. All Furnishings included in the sale, with In-Unit Washer and Dryer. Beautiful front deck with Trex Decking, and 700sq/ft 2nd story rear deck for entertaining. .205 Acre lot with rear parking for 12+ cars. Planned future upzoning of the property would allow a potential Mixed Use Building up to 70 ft height(60,000+sq/ft) Adjacent to IM Building and property is very popular with University of Michigan Athletes.

Location

State MI

County Washtenaw

Area Area04092Annarbor

Rooms

Basement Full

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Laundry InUnit

Exterior

Parking Features Aggregate, Concrete

Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected

View Y/N No

Roof Type Composition

Building

Sewer Public Sewer, Sewer At Street, Storm Drain

Water Public

New Construction Yes

Schools

School District Ann Arbor

Others

Acceptable Financing Cash, Conventional, Trade1031Exchange

Listing Terms Cash, Conventional, Trade1031Exchange

Special Listing Condition Standard

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Listed by Christopher Vessels of Metro Property Services

NEARBY SCHOOLS & PROPERTIES

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Kristine Ludy

+1(248) 704-9922

Agent License ID: 6501431660

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912 Mary ST Ann Arbor, MI 48104

Kristine Ludy

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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912 Mary ST