NOT LISTED FOR SALE

Estimated Value: $1,530,000 - $2,119,000

-- Bed
5.5 Baths
3,489 Sq Ft
$528/Sq Ft Est. Value

Last Sold December 01, 2023

Last sale price $1,700,000 $487 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $11,324/month

1 Day on Market

Highlights

  • Covered Patio or Porch
  • Lobby
  • Programmable Thermostat
  • Burns Park Elementary School Rated A
  • Forced Air Zoned Heating System
  • Hot Water Heating System

About This Home

As of December 2023

Welcome to a unique investment opportunity in the heart of Downtown Ann Arbor – where history meets modern living. Presenting a converted church turned into 7 rental units, this property stands as a testament to innovative real estate.
Location is key, as this property is nestled within walking distance from the prestigious University of Michigan campus & the iconic Michigan Stadium; your investment is seamlessly integrated into the vibrant U of M neighborhoods. This prime location ensures a steady stream of tenants, particularly students looking for convenience & a touch of historic charm.
The 13-bedroom spaces divided into 7 units offer a diverse range of living spaces, catering to the various needs of your potential tenants. Units 101 & 102 boast 4 bedrooms each, a full kitchen, living room, in-unit laundry, and bathrooms, providing ample space for residents to study, relax, and call home.
Unit 103 presents a unique loft-style living experience, offering a distinctive charm and layout that sets it apart from the traditional units. It includes a full kitchen, full bathroom, loft area, and in-unit laundry.
The lower level of the property houses 4 studio/efficiency units, each with its own character and size. Unit 3, a larger studio, stands out with a private kitchen and bathroom, catering to individuals who prioritize independence and comfort. Units 1, 2, and 4 vary in size and contain a small kitchenette. The lower level also features a community bathroom serving units 1, 2, and 4, enhancing the property's convenience and communal atmosphere.
Whether your tenants are looking for spacious multi-bedroom units, a unique loft experience, or efficient studio living, this converted church property offers a living solution for everyone. Capitalize on the consistently high demand for student housing in Downtown Ann Arbor and make this historic yet modern investment property a cornerstone of your real estate portfolio. Act now and secure your place in the thriving Ann Arbor real estate market.

Last Agent to Sell the Property

Dan Gutfreund

Signature Sotheby's International Realty Bham License #6501367800 Listed on: 11/17/2023

Signature Sotheby's International Realty Bham

Last Buyer's Agent

Lisa Black

Savarino Properties Inc License #6501277789

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1903

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50.00 x 137.00

Parking

  • 5 Parking Spaces

Home Design

  • Block Foundation
  • Stone Foundation
  • Vinyl Construction Material

Interior Spaces

  • 3,489 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Zoned Heating System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 090933235021

Community Details

Overview

  • 7 Units
  • Millers Add Ann Arbor Subdivision

Amenities

  • Laundry Facilities
  • Lobby

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,126

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building
  • Architecture Level: 2 Story
  • Year Built: 1903
  • State Equalized Value: 388300.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: High Spd Internet Avail, Laundry Facility, Programmable Thermostat
  • Total Bathrooms: 5.10
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Partially Finished, Common
  • Sq Ft Combined: 4729
  • Sq Ft Lower Floor: 1240
  • Total Sq Ft: 3489
  • Sq Ft Total Bsmt: 1856

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block, Stone
  • Frontage Feet: 50
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Total Parking Spaces: 5

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air, Hot Water, Zoned
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: Ann Arbor

Lot Info

  • Lot Size Area: 0.15
  • Lot Dimensions: 50.00 x 137.00
  • Parcel Number: 090933235021
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Snow Removal, Yard Maintenance
  • Monthly Rental Income: 13500

Tax Info

  • Tax Amount Summer: 12645.0000
  • Tax Amount Winter: 3481.0000
  • Total Tax: 16126.0000
  • Taxable Value: 242117.0000

Multi Family

  • Gross Scheduled Income: 162000.00
  • Number Of Units Total: 7
  • Unit Count: 3
  • Number of Efficiency Units: 4
  • Number of Four Bedroom Units: 2
  • Number of Loft Units: 1
  • Number Of Units Leased: 7

MLS Schools

  • School District: Ann Arbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2025
Sold by
Smiley James
Bought by
Smiley James and Cooper Smiley
Current Estimated Value
$1,843,388

Purchase Details

Closed on
Aug 16, 2024
Sold by
Lampman Linda
Bought by
Church Street Property Management Llc

Purchase Details

Listed on
Nov 17, 2023
Closed on
Dec 1, 2023
Sold by
Crystal David
Bought by
Lampman Linda
Seller's Agent
Dan Gutfreund
Signature Sotheby's International Realty Bham
Buyer's Agent
Lisa Black
Savarino Properties Inc
List Price
$1,699,000
Sold Price
$1,700,000
Premium/Discount to List
$1,000
0.06%
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.61%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Smiley James -- None Listed On Document
Smiley James -- None Listed On Document
Church Street Property Management Llc -- Ata National Title
Lampman Linda $1,700,000 Interstate Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2023 12/01/23 Sold $1,700,000 +0.1% $487 / Sq Ft
11/18/2023 11/18/23 Pending -- -- --
11/17/2023 11/17/23 For Sale $1,699,000 -- $487 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,300 $480,400 $0 $0
2024 $24,736 $459,200 $0 $0
2023 $12,645 $388,300 $0 $0
2022 $15,305 $456,200 $0 $0
2021 $14,873 $453,200 $0 $0
2020 $14,405 $435,900 $0 $0
2019 $13,740 $457,300 $457,300 $0
2018 $13,480 $410,200 $0 $0
2017 $13,004 $379,100 $0 $0
2016 $12,671 $204,792 $0 $0
2015 $12,151 $204,180 $0 $0
2014 $12,151 $197,801 $0 $0
2013 -- $197,801 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230097271

Realcomp

APN: 09-33-235-021