|Catylist Listing ID:||30814465|
|Property Subtypes:||Duplex/Fourplex, Student Housing|
|Number of Units:||2 Units|
|Building Size (RSF):||1,584 SF|
|Gross Land Area:||0.13 Acres|
|Unit Price:||$224,250 Per Unit|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
University of Michigan student rental for sale with 2 units. Located one mile from main campus.
Roof replaced in 2020. Exterior paint in 2022. Unit 1 was completely renovated in 2018. Shared laundry in basement. Each unit has two bedrooms, one bathroom and its own furnace/water heater. Unit 1, lower lever, has air conditioning. Unit 2, upper level does not.
Current monthly rent is $2,800 per month.
Three years of P&L Statements and current leases available for qualified buyers.
|Nearest MSA:||Ann Arbor|
|Submarket/Township:||Washtenaw W of 23|
|Taxing Authority:||City of Ann Arbor|
|Property Located Between:||Between Revena and Crest / W. Washington and W. Liberty|
|Highway Access:||I-94, US-23, M-14|
|Airports:||DTW, Ann Arbor|
|Area Description:||The Ann Arbor area is a friendly community with big-city sophistication; a world-class educational and high-tech research center nestled in a quintessential college town; a close-knit community of charming neighborhoods with a rich mix of cultures. The Ann Arbor campus has plenty to inspire and entertain. Ranked as the #2 Best College Town in America, Ann Arbor and the University of Michigan go together like Maize and Blue! With more than 43,000 undergrad and graduate students, campus life is interwoven with city life. Ann Arbor is a successful tech hub, attracting entrepreneurs, start-ups and tech giants such as Google. The talent pool and resources rival that of Silicon Valley but with a Midwestern culture and relatively lower cost of living than the Bay Area or New York City. Ann Arbor is the perfect climate for tech companies to find success, stability and growth. Although geographically small, the area is perhaps most renowned for its entertainment, athletics, cultural offerings, dining experiences and nightlife. On almost any given weekend, a visit to Ann Arbor will coincide with one of the many festivals and special events hosted in Ann Arbor. Two of the most recognizable traditions are the Ann Arbor Art Fair and University of Michigan football. Every July, the award-winning Ann Arbor Art Fair transforms the downtown streets into an art gallery featuring thousands of juried artists. In the fall, each football Saturday brings more than 100,000 people to town for tailgating and fill "The Big House" to watch the University of Michigan Wolverines. In the winter, holiday light festivals and the Ann Arbor Folk Festival are always crowd pleasers. April brings the thaw and a weekend unlike any other as we celebrate whimsy during FoolMoon and FestiFools. Described as an urban oasis, the Ann Arbor area is also the perfect four season destination for outdoor enthusiasts. You'll discover golf courses, trails groomed for hiking and cross-country skiing, some of the best canoeing and kayaking in southeastern Michigan along the twelfth nationally recognized water trail — the Huron River.|
|Total Number of Buildings:||1|
|Number of Stories:||2|
|Parking Description:||Driveway and Street|
|Heat Type:||Natural Gas|
|Air Conditioning:||Engineered System|
|Internet Access:||Cable, DSL, ISDN, Satellite|
|Zoning Description:||R2A Zoning permitted uses: Adult foster care; Single family dwelling; Two family dwelling; Library; Institution of higher education; Public School. Special Exceptions include: Religious assembly; Adult day care; Child care center; Private institution of higher learning; Private school; Nonprofit Corporations.|
|Legal Description:||LOT 54 KILLINS HEIGHTS ADDITION|
|Proximity:||1 mile||3 miles||5 miles|
Jeffrey EvansSwisher Commercial
|The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|