Full details for Other For Sale in Ann Arbor, Michigan

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Description

Excellent 7-unit brick and stucco exterior Apartment Building in central Ann Arbor, a short bike or walk to Burns Park, University of Michigan campus, and minutes drive to downtown. Fully-leased to mid-July 2023, most or all units pre-leased for 2023/24 term to mid-July 2024. Current '22/23 rates total $11,475/mo; '23/24 future rates total $12,285/mo. All apartments are furnished, well-maintained, with several brand new stylish kitchens replaced in past few years. Coin laundry onsite (machines owned). Parking for 7 tenant cars plus one service parking space. Synthetic decks on three units, all new fiberglass unit entry doors, many other updates throughout. Gas-fired boiler heat, separate thermostats per apartment. Back to listing