Fantastic Ann Arbor investment property and location in the Old Fourth Ward Historic District. Three, one bedroom units and one, two bedroom. Owner pays heat and water. Property has a three car garage that previously rented for $150 per stall. In between main and north campuses of University of Michigan and hospital.
Location. Location. This one will suprise you with almost 1 acre... Ann Arbor duplex/ Saline School/ Lodi Township. Live in 1 side while earning income on the other or use for investment property. 3 bedroom on one side and 1 bedroom on the other. Offers many updates throughout, including windows, furnance, AC, back up generator, garge doors.....and more! Appliances included. Incredible large 3+ garage with workshop. Expanded parking and driveway. Walking distance to Tippins Market Spring and Summer! Short distance to Highway, Shopping and Downtown Ann Arbor. Easy to show.
Don't miss out on the opportunity to own this very desirable student housing investment on the University of Michigan campus. Exceptional campus area location with long-standing, stable rental history. The property is fully occupied for the current school year and the same tenants have renewed for the 2021/2022 school year. Each unit contains 4 bedrooms, for a total of 8 bedrooms. This beautiful property has been fully renovated and well maintained boasting original woodwork and wood floors throughout. Recent improvements include; a new roof and gutter system, all new furnishings for every room, a new hot water heater, two (one per unit) new HVAC systems (furnaces, a/c units, duct work), new dishwasher, driveway retaining wall and a new sump pump.
New Price! You just found a great investment property! Just a few blocks from University of Michigan Medical Campus, this turn-key property needs absolutely nothing. Everything has been updated within the past 5 years: roofs, mechanicals, appliances, countertops, flooring, parking lot surface. Considered a duplex, each unit is a stand alone dwelling, with a common/shared 11x24 ft balcony adjoining the buildings. Each unit has 4 bedrooms, 2.1 baths, living, dining, kitchen, laundry, storage, and attached 2-car garage. Surface lot provides parking for additional 6+ autos. CofO is good through 5/23. Rented through July 2022. Owner says these units are never vacant! Only a few blocks from Kellogg Eye Center, Kerrytown, and Amtrak Station. New regulation-size basketball goal to be installed this spring! See listing documents for more details on improvements. Pictures are of 1118; 1122 is same layout (mirrored) with similar finishes. Prime location, smart investment!
Newly Updated University of Michigan Student Rental with Scheduled Revenue of $50,400 for 2021-22! 6 Bedroom 2 Bathroom(and an additional Study) University of Michigan Student Rental Property located steps from Main St, Michigan Stadium, and an upcoming expansion of University of Michigan Central Campus! Leased through Fall 2022, with current rents of $3300/mo and residents paying all utilities and upcoming 2021-22 rents at $4200/mo with Tenants paying all utilities. Rents should continue to increase in this area 3-5% each year for the foreseeable future. Onsite Parking for 7-8 Cars. High-Efficiency Furnace, High-Efficiency Central A/C, Updated Windows, Granite Countertops, Cherrywood Cabinets and Hardwood flooring throughout. Washer and Dryer Included, along with Standard Furnishings. Plumbing and Electrical updated. Low Maintenance property with great cash flow that will increase rapidly for the foreseeable future! For more information or to schedule a showing, e-mail [email protected]
Spectacular home located within walking distance to U of M football Stadium.This charming and beautiful tri-level home is complete with three bedrooms a walkout basement to spacious backyard.**One and One half bath Fits up to six people by doubling up in the large bedrooms. Being sold fully furnished including appliances.This is a comfortably fully furnished home with additional perks such as hardwood floors a carport in the driveway lots of storage space and a fenced in backyard thats great for tailgating.Close to the University of Michigan Central campus and Ross school of business. ( Additional MLS Data: Summer Tax: $3760, Winter Tax: $1129 )
Rare opportunity to live in this property and receive income to off-set mortgage payment. Main house with 3BR/1ba on first floor. Entry -level 1BR/1BTH; 2BR/1ba up with separate entry. Possibility for additional rental income. Off-street and driveway parking for up to seven cars. Lot of character with refinished oak floors and arched hallways. Features include built-in shelving, plenty of closet space, ceiling fans, Jack & Jill bathroom and entry level shared laundry. Updates includes bathrooms, paint, laminate flooring, counter tops, plumbing, kitchen cabinets, light fixtures and several windows. Large fenced backyard with 2 storage buildings. All appliances included. Short walk to coffee shop, car repairs, restaurants, storage units, hardware store & recreational opportunities. Taxes are non-homestead. Ride the city bus to central campus. Just over a 1 mile walk to U of M sports stadiums. Gross Rent $45,600 annually. 6% cap rate. 8% cash on cash. 9.6 Gross Rent multiplier.Always rented.
Don't miss out on this incredible investment property on Packard St in Ann Arbor! Student rental income property situated in prime location near the University of Michigan central campus. This apartment building offers 5 units to rent: three efficiency units, one 1-bedroom unit, and one 2-bedroom unit PLUS 6 onsite parking spaces. The first floor houses the 2 bed, 2 bath, 900 sq ft unit. The second floor has all three studio units, ranging in size from 350-525 sq ft. The one bedroom, one bath unit is 525 sq ft and can be found in the basement. This building also includes a newly installed furnace. Owner pays gas, tenants pay electric. Showing of property will be done with an accepted sales agreement.
Classic 1930s bungalow in Burns Park with huge sitting porch offers versatile living arrangement as owner-occupied rental with tenant already in place on second floor; additionally leasing first floor unit; later returning to single-family by removing interior door to upper unit. First floor modified as barrier-free with entrances from attached garage, breezeway in rear and ramp to front door.Huge master bedroom has large closet with adjoining office/study. Good-size second bedroom. Living/dining rooms feature maple floors, built-in cabinets, lots of windows. Kitchen has easy access, low Corian counters/wood cabinets, separate cooktop and oven, drawer dishwasher; convenient pantry. Wall was partially removed to open space to dining room. Spacious bathroom with vaulted ceiling and skylight, ceramic tile floor, jetted tub, storage drawers, shelving. Pastel colors throughout with some recent painting. Upstairs unit accessed via front has three large rooms with maple floors plus bathroom: one bedroom, living or work space room with walk-in closet, kitchen with oak cabinets/Formica counter, lots of windows, walk-in pantry. Central location convenient to downtown, U/M, retail.
Duplex in prime location in Ann Arbor, near Michigan hospital, between main campus and north campus of University of Michigan. Main and second floor is a five bedroom apartment that can have up to 6 person capacity. Basement is a three bedroom apartment and can have up to 4 person capacity. Currently both apartments are rented to one group of 9, until 8/15/21 at $8,045.00 per month. Tenants pay all utilities.
Great student income property with updates, hardwood floors and parking! Three levels,four bedrooms, three full baths! The third level could be used as a master suite or is a great space to share and accomodate 2 tenants. One block to State Street, on the bus line. Second house from Stadium, walking distance to Big House, Crysler Arena, Yost Arena, new performance centers for track & field, lacrosse, tennis, gymnastics and wrestling! Produce station within 2 blocks. Great location! Washer and dryer in basement and parking off street for 4 vehicles.
An up/down duplex in the heart of the old West Side! Upstairs efficiency (door on back of home). Downstairs 2BR/1BA, presently vacant (as of 9/30/20). Full basement with utilities, laundry, storage. Front basement wall replaced 2019. Shared driveway with 213 S. Seventh. Owner pays heat & water; tenant pays electric. Upstairs has no access to basement (laundry), and has variance for ceiling height. An interesting opportunity for the right investor/owner-occupied!
This income producing duplex is located in the heart of one of Ann Arbor's nicest and most sought after areas. The entire neighborhood is especially quiet, friendly, well-kept and safe. Live in one unit and bank almost $1400 per month from the other duplex unit. This extra income will go a long way to covering the monthly mortgage payment while realizing steady appreciation growth due to the prime location. Eberwhite Elementary school, one of Ann Arbor's best, is just a few blocks away to the south with Slawson Junior High located just a few blocks away to the north. Your student can finish up at Pioneer High School which they can walk to in about 12 minutes or bike in under 5. Everything else is close too - the downtown stores and restaurants, the University and especially the Washtenaw Dairy. Check it out for yourself.