NOT LISTED FOR SALE

415 Benjamin St Ann Arbor, MI 48104

Elbel Neighborhood

Estimated Value: $2,934,334

Studio
-- Bath
-- Sq Ft
9,757 Sq Ft Lot

Last Sold January 03, 2025

Last sale price $2,850,000

Est. 3% increase in value since last sale

Current estimated payment $17,419/month

10 Days on Market

Highlights

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Laundry Facilities
  • Bach Elementary School Rated A

About This Home

As of January 2025

Rare Opportunity to own this 10-unit brick apt bldg adjacent to UofM's south/athletic campus. This property presents a lucrative opportunity for investors seeking long-term returns. The property has three 1-BR units and seven 2-BR units. Each unit features a full-size kitchen w/ dishwasher, gas range refrigerator, and air conditioning unit. Some units recently renovated. All furnishings are included in sale. Tenants pay electric. Owner pays gas & water. There is 1 parking spot assigned per unit, and up to 6 add'l spaces. On-site rented washer and dryer. Long-term tenants are common. Super easy to step right in. All units are fully rented through 8/21/2025. Current Certificate of Compliance good through 7/23/26. Boiler Inspection good through 4/15/27. Metal roof with 50 year warranty

Last Agent to Sell the Property

Susan-Marie Maguire

Howard Hanna Real Estate License #6501398112 Listed on: 10/22/2024

Howard Hanna Real Estate

Last Buyer's Agent

Chris Vessels

Metro Property Services License #6501392137

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,832

Year Built

  • Built in 1966

Lot Details

  • 9,757 Sq Ft Lot
  • Lot Dimensions are 74 x 132

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Metal Roof

Basement

  • Natural lighting in basement

Parking

  • 16 Parking Spaces
  • Driveway
  • Paved Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 10 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,832

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1966
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 74 x 132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Zoning3: R4C
  • General Property Info:Total _pound_ Units: 10
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Source:Natural Gas3: Yes
  • Air Conditioning:Wall Unit(s): Yes
  • Heat Type:Hot Water: Yes
  • Heat Type:Radiant: Yes
  • Substructure:Slab: Yes
  • Substructure:Daylight: Yes
  • Roofing:Metal: Yes
  • Heat Type:Baseboard: Yes
  • Laundry Features Common Area: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Cable Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight, Slab
  • Basement: No

Exterior Features

  • Construction Materials: Brick
  • List Price: 2750000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Metal
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway, Paved
  • Total Parking Spaces: 16.0
  • General Property Info:Total Parking Spaces: 16.0

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Baseboard, Hot Water, Radiant
  • Heating: Yes
  • Laundry Features: Common Area, See Remarks
  • Utilities: Cable Available, Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Dimensions: 74 x 132
  • Lot Size Sq Ft: 9757.0
  • Zoning Description: R4C

Rental Info

  • Owner Pays: Water, Sewer, Gas
  • Tenant Pays: Electric

Multi Family

  • Number of Units Total: 10

Tax Info

  • Tax Annual Amount: 28831.56
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2024
Closed on
Jan 3, 2025
Sold by
Taam Mohammad-Hadi and Taam Hadi
Bought by
415 Benjamin Llc
Seller's Agent
Susan-Marie Maguire
Howard Hanna Real Estate
Buyer's Agent
Chris Vessels
Metro Property Services
List Price
$2,750,000
Sold Price
$2,850,000
Premium/Discount to List
$100,000
3.64%
Views
17
Current Estimated Value
$2,934,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,334
Avg. Annual Appreciation
2.96%

Purchase Details

Closed on
Aug 21, 2014
Sold by
Taam Hadi
Bought by
Taam Hadi and Taam Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 2014
Sold by
Taam Mohammad Ali and Taam Rita Luisa Michler
Bought by
Taam Hadi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Interest Rate
4.1%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
415 Benjamin Llc -- Preferred Title
Taam Hadi -- None Available
Taam Hadi $420,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taam Hadi $670,000
Previous Owner Taam Hadi $670,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/03/2025 01/03/25 Sold $2,850,000 +3.6% --
11/01/2024 11/01/24 Pending -- -- --
10/22/2024 10/22/24 For Sale $2,750,000 -- --
Source: MichRIC

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 $24,905 $851,700 $0 $0
2024 $24,223 $768,700 $0 $0
2023 $22,367 $828,100 $0 $0
2022 $27,071 $765,800 $0 $0
2021 $26,307 $731,900 $0 $0
2020 $25,479 $639,400 $0 $0
2019 $24,303 $603,500 $603,500 $0
2018 $23,844 $569,600 $0 $0
2017 $23,002 $537,100 $0 $0
2016 $22,413 $362,232 $0 $0
2015 $15,253 $361,149 $0 $0
2014 $15,253 $248,291 $0 $0
2013 -- $248,291 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2025

    Susan-Marie Maguire

    Howard Hanna Real Estate

    (734) 216-0612

    1 in this area

    40 Total Sales

    Susan-Marie Maguire
    Section Image
  • Chris Vessels

    Buyer's Agent in 2025

    Chris Vessels

    Metro Property Services

    (734) 649-2409

    1 in this area

    23 Total Sales

    Chris Vessels
    Section Image
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Map

Source: MichRIC

MLS Number: 24055485

MichRIC

APN: 09-32-106-016

Michigan Washtenaw County Ann Arbor 48104 Elbel

415 Benjamin St, Ann Arbor, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

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