$2,850,000
Ann Arbor, MI 48104
MLS# 24055485
Status: Sold
1 / 61
Property Description
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
Details
Maps
Location & Property Info
Cross Streets: Division and Hill
Property Sub-Type: 5+ Units
Area: Ann Arbor/Washtenaw - A
Municipality: Ann Arbor
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 74 x 132
Financial Available: Yes
Road Frontage: 74
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2026-07-23
Waterfront: No
Basement: No
Total # Units: 10
# of Diff Unit Floor Plans: 7
Total # Bldgs: 1
Total Parking Spaces: 16
School District: Ann Arbor
Lot Measurement: Acres
Lot Square Footage: 9757
Lot Acres: 0.22
Year Built: 1966
Tax Info
Taxable Value: 428256
SEV: 82810
For Tax Year: 2023
Seller's Annual Property Tax: 28831.56
Tax Year: 2023
Homestead %: 0
Spec Assessment & Ty: N/A
Zoning: R4C
Tax ID #: 09-09-32-106-016
Remarks & Misc
Legal: TH W 18.73 FT OF LOT 8 AND ALL LOT 9 BLOCK 2 JOHN F. LAWRENCE'S ADDITION
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Tax Def Exchange: 1
Laundry Features
Common Area: 1
See Remarks: 1
Exterior Material
Brick: 1
Roofing
Metal: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Baseboard: 1
Hot Water: 1
Radiant: 1
Air Conditioning
Wall Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Driveway
Asphalt: 1
Paved: 1
Substructure
Daylight: 1
Slab: 1
Owner Pays
Gas: 1
Sewer: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: Updated kit and bath
Identical Units: 4
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Dishwasher: 1
Garb Disp: 1
Range Oven: 1
Refrigerator: 1
Unit 2
Unit #: 2
Unit Description: Standard kit & bath
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Dishwasher: 1
Garb Disp: 1
Range/Oven: 1
Refrigerator: 1
Unit 3
Unit #: 3
Unit Description: 2 BR ranch, new bath
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
A/C Unit: 1
Dishwasher: 1
Garb Disp: 1
Refrigerator: 1
Unit 4
Unit #: 5
Unit Description: Bi-Level 2BR w/ balc
Identical Units: 7
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Deck/Patio: 1
Dishwasher: 1
Range/Oven: 1
Refrigerator: 1
Unit 5
Unit #: 8
Unit Description: Bi-Level 2BR w/ balc
Identical Units: 10
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Deck/Patio: 1
Dishwasher: 1
Garb Disp: 1
Range/Oven: 1
Refrigerator: 1
Unit 6
Unit #: 6
Unit Description: 2BR lg Bi-Lev Updatd
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Deck/Patio: 1
Dishwasher: 1
Garb Disp: 1
Range/Oven: 1
Refrigerator: 1
Unit 7
Unit #: 9
Unit Description: 2BR Lg Bi-Lev Stand
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Deck/Patio: 1
Dishwasher: 1
Garb Disp: 1
Refrigerator: 1
Range/Oven: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Washtenaw
Street #: 415
Street Name: Benjamin
Suffix: Street
State: MI
Zip Code: 48104
OfficeContract Info
Status: Sold
Current Price: $2,850,000
List Price: $2,750,000
Listing Date: 2024-10-21
Remarks Misc
Directions: Main or State Streets to Hoover, then North on Division to Benjamin St.
Status Change Info
Under Contract Date: 2024-11-01
Sold Date: 2025-01-03
Sold Price: $2,850,000
Property Features
Laundry Features: Common Area; See Remarks
Exterior Material: Brick
Roofing: Metal
Substructure: Daylight; Slab
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available
Owner Pays: Gas; Sewer; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Baseboard; Hot Water; Radiant
Air Conditioning: Wall Unit(s)
Driveway: Asphalt; Paved
Street Type: Paved; Public
Terms Available: Cash; Conventional; Tax Def Exchange
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: A/C Unit; Dishwasher; Garb Disp; Range Oven; Refrigerator
Unit 2: A/C Unit; Dishwasher; Garb Disp; Range/Oven; Refrigerator
Unit 3: Range/Oven; A/C Unit; Dishwasher; Garb Disp; Refrigerator
Unit 4: A/C Unit; Deck/Patio; Dishwasher; Range/Oven; Refrigerator
Unit 5: A/C Unit; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator
Unit 6: A/C Unit; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator
Unit 7: Deck/Patio; Dishwasher; Garb Disp; Refrigerator; Range/Oven
Listing Office: Howard Hanna Real Estate
Listing Agent: Susan-Marie Maguire
Last Updated: January - 07 - 2025
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