Address
1117 Prospect Ann Arbor, MI
Price
$ 1,475,000
Property Attributes
  • ML#543273976
  • TypeMulti-Family
  • CountyWASHTENAW
  • CityAnn Arbor
  • AreaAnn Arbor
  • Zip48104
  • StyleMultifamily
  • Year Built1920
  • Taxes13018
  • Price$ 1,475,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2515
  • Lot Size4,356 SqFt
Listing Provided Courtesy Of:
Metro Property Services
Property Description

Two Prime UofM Student Rental Properties in One! Also known as 1032 Church St. $118,800 Gross Annual Revenue!

2-Unit University of Michigan Student Rental Property located steps from Central Campus directly in the midst of the most popular neighborhood for UofM Undergraduates. Unit 1 has a porch facing Prospect St and is fully renovated with 6 Bedrooms and 2 Bathrooms. Unit 2 has a porch facing Church St and is fully renovated with 6 Bedrooms and 2 Bathrooms. Entire property Leased through Fall 2021, with each unit leased at $4950/mo and residents paying all utilities($118,800 Gross Annual Revenue). Typically rents itself 10 months ahead of time with 3-5% rent increases each year. Onsite Parking for 7-8 Cars. High Efficiency Furnaces, 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 completely updat

Price History
6/12/2020 Listed $1,499,900
9/2/2020 2% - $1,475,000

General Features

Cumulative Days on Market 134
Listing Agent Public Id 540471505780
Operating Expense 0.00
Originating MLS Ann Arbor Area Board of REALTORS®
Ownership Status Private Owned
Parcel Number 090933222011
Property Type Multifamily
School District Ann Arbor
Status Active
Terms Offered Cash, Conventional
Total Sq Ft 2515
Transaction Type Sale
Year Built 1920

Interior Features

Basement Y/N Yes
Interior Features Laundry Facility
Total Baths 0.00
Total Units 2

Exterior Features

Foundation Basement, Slab
Lot Size Area 0.10
Parking Total 8
Porch Deck

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Linked Realty and The Originating MLS(found above), © 2020 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of October 27, 2020 10:42 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Zip Code Average in 48104

Price
AVG $1.86M
$1.48M
Taxes
AVG $29,549
$13,018
Visits
AVG 56
62
Year Built
AVG 1925
1920
Walkscore
AVG 83
81
Data Provided by Walkscore ® not using MLS data