Seller's Agent in 2024
Richard Jarzembowski
The Charles Reinhart Company
(734) 645-3634
1 in this area
100 Total Sales
913 Dewey Ave Ann Arbor, MI 48104
Yost NeighborhoodEstimated Value: $1,238,657
--
Bed
6
Baths
700
Sq Ft
$1,770/Sq Ft
Est. Value
Highlights
- 1 Fireplace
- Window Unit Cooling System
- Baseboard Heating
- Burns Park Elementary School Rated A
- Laundry Room
- High Speed Internet
About This Home
As of April 2024HIGHEST & BEST due by 4/24/24 at 12:00 noon EST. Rare Opportunity to own this 6-unit apartment building nestled along a quiet, tree lined street with great proximity to U of M's south campus and the Sports Complexes. This property presents a lucrative opportunity for investors seeking long-term returns. The property has two 1-bedroom units and four 2-bedroom units. Each unit features a dishwasher, range/oven, refrigerator, and air conditioning. Heat and water are included, tenants pay electric. There is 1 parking spot per unit, a covered area for bicycles, and an on-site washer and dryer. Rental income 1/23 to 12/23 was $95,465. All units are fully rented for Fall of 2024 with annual rental income of $114,600.
Last Agent to Sell the Property
The Charles Reinhart Company License #6501177517 Listed on: 04/16/2024
Last Buyer's Agent
No Member
Non Member Sales
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,748
Year Built
- Built in 1965
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 50 x 112
- Level Lot
Home Design
- Brick Exterior Construction
- Slab Foundation
- Rubber Roof
Interior Spaces
- 1 Fireplace
- Laundry Room
- Basement
Parking
- 8 Parking Spaces
- Driveway
Location
- Mineral Rights Excluded
Schools
- Burns Park Elementary School
- Tappan Middle School
- Pioneer High School
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Window Unit Heating System
- Baseboard Heating
- Hot Water Heating System
- High Speed Internet
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for electric
- The owner pays for trash collection, electricity, water, sewer, gas
Community Details
Overview
- Property has a Home Owners Association
- Association fees include trash, snow removal, ground maintenance
- 6 Units
Amenities
- Laundry Facilities
Building Details
- Insurance Expense $3,314
- Manager Expense $7,152
- Utility Expense $7,204
- Operating Expense $29,418
- Gross Income $95,465
- Net Operating Income $66,047
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 16, 2024
Closed on
May 14, 2024
Sold by
Church Living Trust and Church Daniel D
Bought by
Dewpack Llc
Seller's Agent
Richard Jarzembowski
The Charles Reinhart Company
Buyer's Agent
No Member
Non Member Sales
List Price
$1,400,000
Sold Price
$1,200,000
Premium/Discount to List
-$200,000
-14.29%
Views
34
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,657
Avg. Annual Appreciation
1.02%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dewpack Llc | -- | American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Church Living Trust | $260,000 | |
| Previous Owner | Church Living Trust | $200,000 | |
| Previous Owner | Church Living Trust | $200,000 | |
| Previous Owner | Church David E | $43,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2024 04/30/24 | Sold | $1,200,000 | -14.3% | $1,714 / Sq Ft |
| 04/16/2024 04/16/24 | For Sale | $1,400,000 | -- | $2,000 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $11,748 | $616,600 | $0 | $0 |
| 2024 | $9,870 | $552,600 | $0 | $0 |
| 2023 | $9,114 | $591,800 | $0 | $0 |
| 2022 | $11,030 | $550,300 | $0 | $0 |
| 2021 | $10,719 | $527,600 | $0 | $0 |
| 2020 | $10,382 | $454,500 | $0 | $0 |
| 2019 | $9,765 | $432,800 | $432,800 | $0 |
| 2018 | $9,581 | $405,100 | $0 | $0 |
| 2017 | $9,242 | $383,800 | $0 | $0 |
| 2016 | $9,006 | $145,550 | $0 | $0 |
| 2015 | $8,636 | $145,115 | $0 | $0 |
| 2014 | $8,636 | $140,581 | $0 | $0 |
| 2013 | -- | $140,581 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2024
No Member
Non Member Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 24017842
APN: 09-33-215-012
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