$4,399,900
Ann Arbor, MI 48104
MLS# 24010028
1 / 5
Property Description
Location Location Location! This beautifully renovated 3-Unit 17-Bedroom University of Michigan Student Rental property is located directly across the street from University of Michigan's Central Campus in the heart of downtown Ann Arbor. Always fully rented with waiting list, this property boasts high-end finishes and all of the modern amenities expected in order to maximize revenue and significantly reduce owner expenses. Fully Furnished, with Granite Countertops, Stainless Steel appliances, High Efficiency HVAC, High Efficiency New Windows, High Efficiency Washer & Dryer in each unit. Low Maintenance Vinyl Siding, New Concrete Driveway and Walks, new Composite shingle roof. NFPA 13A Fire Suppression system. For Virtual Tour and Financials, please e-mail chvessels@gmail.com
Details
Maps
Location & Property Info
County: Washtenaw
Street #: 1214
Street Name: Washtenaw
Suffix: Court
State: MI
Zip Code: 48104
Cross Streets: Geddes & Washtenaw
Property Sub-Type: 2 to 4 Units
Area: Ann Arbor/Washtenaw - A
Municipality: Ann Arbor
Ownership Type: Private Owned
Office/Contract Info
Status: Active
Current Price: $4,399,900
List Price: $4,399,900
Auction or For Sale: For Sale
Sub Agency Type: Other
Buyer Agency: 2
Buyer Agency Type: %
Trans Coord Type: Other
Listing Date: 2024-03-01
General Property Info
Lot Measurement: Acres
Lot Square Footage: 4356
Lot Acres: 0.1
Lot Dimensions: 46x91
Year Built: 1910
New Construction: Yes
Construction Status: Completed
Road Frontage: 46
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Parking Spaces: 6
Waterfront: No
School District: Ann Arbor
Tax Info
Tax ID #: 09-09-28-313-023
Taxable Value: 140175
SEV: 153700
For Tax Year: 2023
Annual Property Tax: 9436
Tax Year: 2023
Spec Assessment & Ty: --
Zoning: R4C
Remarks & Misc
Directions: Located on Washtenaw Ct, between Geddes and Washtenaw. Near Church St.
Legal: SE 45.5 FT OF NE 91 FT LOT 47 RANSOM S SMITHS ADDITION
Access Feat
Accessibility Features: No
Income and Expenses
Annual Insurance: 2480
Annual Mgmt. Fees: 19248
Operating Expense: 49371
Unit 1
Unit #: 1
Unit Description: Unit #1
SqFt: 1218
Occupied: Yes
Bedrooms: 5
Bathrooms: 2
Full Baths: 2
Unit 2
Unit #: 2
Unit Description: Unit #2
SqFt: 1218
Occupied: Yes
Bedrooms: 6
Bathrooms: 3
Full Baths: 3
Unit 3
Unit #: 3
Unit Description: Unit #3
SqFt: 1218
Bedrooms: 6
Bathrooms: 3
Full Baths: 3
Property Features
Laundry Features: In Unit
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Full
Lot Description: Adj. to Public Land; Level; Sidewalk
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas
Util Avail at Street: Broadband; Cable; Electric; Natural Gas; Public Sewer; Public Water; Storm Sewer; Telephone Line
Extras: Sep Electric Meter; Sep Gas Meter
Owner Pays: None
Tenant Pays: Electric; Gas; Sewer; Water
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Concrete; Shared Paved
Street Type: Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional; Tax Def Exchange
Sale Conditions: None
Unit 1: Central Air; Dishwasher; Garb Disp; Range Oven; Refrigerator; Washer/Dryer
Unit 2: Central Air; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator; Washer/Dryer
Unit 3: Central Air; Deck/Patio; Dishwasher; Garb Disp; Refrigerator; Washer/Dryer
Listing Office: Metro Property Services
Listing Agent: Christopher Vessels
Last Updated: March - 21 - 2024
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