$5,795,000

912 Mary St Ann Arbor, MI 48104

Elbel Neighborhood

Estimated payment $35,613/month

Total Views 1,018
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Newly Remodeled
  • Forced Air Heating and Cooling System
  • 4-minute walk to Forsythe Park
  • Bach Elementary School Rated A
  • High Speed Internet

About This Home

Fully Leased for 2026-27! Brand New 4 Unit University of Michigan Student rental property located steps from Central Campus. 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 massive 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 Mixed Use Building up to 70 ft height(60,000+sq/ft) Adjacent to IM Building and new 2300 Bed Dorm.

Listing Agent

Chris Vessels

Metro Property Services License #6501392137 Listed on: 12/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $62,651

Year Built

  • Built in 1901 | Newly Remodeled

Lot Details

  • 8,930 Sq Ft Lot
  • Lot Dimensions are 66x135

Home Design

  • Composition Roof
  • Vinyl Siding

Parking

  • 12 Parking Spaces
  • Gravel Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Laundry in unit
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • The owner pays for trash collection, water

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $3,480
  • Manager Expense $24,516
  • Utility Expense $5,912

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$62,651

Year Built

Built in 1901 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: Yes
  • Year Built: 1901
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 959.44
  • General Property Info:New Construction2: Yes
  • General Property Info:Lot Dimensions: 66x135
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: R4C
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • General Property Info:Construction Status: Completed
  • Extras:Sep Gas Meter: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Remarks Misc: Public Remarks: Fully Leased for 2026-27! Brand New 4 Unit University of Michigan Student rental property located steps from Central Campus. 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 massive 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 Mixed Use Building up to 70 ft height(60,000+sq/ft) Adjacent to IM Building and new 2300 Bed Dorm.
  • Remarks Misc: Agent Only Remarks: Showings by appointment only. Property currently occupied, and must give minimum 48 hours notice to residents for all showings. Please contact chvessels@gmail.com to make arrangements.
  • Special Features: 4098
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 5795000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Aggregate, Driveway
  • Total Parking Spaces: 12.0
  • General Property Info:Total Parking Spaces: 12.0
  • Unit 3:Garage6: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer

Lot Info

  • Lot Size Acres: 0.21
  • Lot Size Area: 0.21
  • Lot Dimensions: 66x135
  • Lot Size Sq Ft: 8930.0
  • Zoning Description: R4C

Rental Info

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electric, Gas

Multi Family

  • Insurance Expense: 3480.0
  • Manager Expense: 24516.0
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 62651.0
  • Tax Year: 2024

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $48,558 $903,900 $0 $0
2024 $38,624 $717,000 $0 $0
2023 $34,171 $682,000 $0 $0
2022 $41,358 $623,100 $0 $0
2021 $12,453 $594,600 $0 $0
2020 $12,061 $514,300 $0 $0
2019 $11,505 $492,100 $492,100 $0
2018 $11,288 $431,300 $0 $0
2017 $10,889 $410,500 $0 $0
2016 $10,610 $171,479 $0 $0
2015 $10,175 $170,967 $0 $0
2014 $10,175 $165,625 $0 $0
2013 -- $165,625 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2025 12/04/25 For Sale $5,795,000 -- --
Source: MichRIC

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Devon Title Agency
Quit Claim Deed -- Devon Title Agency
Warranty Deed $1,540,000 Devon Title Agency
Warranty Deed $1,540,000 Devon Title Agency
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 Future Advance Clause Open End Mortgage
Source: Public Records

Source: MichRIC

MLS Number: 25060642

MichRIC

APN: 09-32-103-029

Michigan Washtenaw County Ann Arbor 48104 Elbel

912 Mary St, Ann Arbor, MI

For Sale

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

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Chris Vessels
Listing Agent
Chris Vessels
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Metro Property Services
(734) 789-6585