• 913 Dewey Avenue Ann Arbor, Michigan 48104

  • $1,400,000
  • 10
    Bed(s)
  • 0
    Baths
  • 0
    Sq Ft
  • 0.13
    Acre

HIGHEST & 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.

Property Type :

Multifamily

County :

Washtenaw

Style :

Multifamily

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Property Details

 

Interior Features

Laundry Facility,Cable Available

Roof : Rubber

Heating & Cooling

Cooling: Window Unit(s)

Heating: Baseboard,Hot Water

Heating Fuel: Natural Gas

Building Information

Year Built: 1965

Total Units: 6

Roof: Rubber

Utility Features

Sewer: Public Sewer (Sewer-Sanitary),Sewer at Street,Storm Drain

Water

Public (Municipal),Water at Street

Lot Information

Lot Size: 0.13

Lot Dimensions: 50 x 112

Frontage Feet: 50

Property Information

Financing: Cash,Conventional

Listing Price Information

Original List Price: $1,400,000

Listing Information

Possession: Subject To Tenant Rights

Legal Description: LOT 31 C H CADYS SUB

Tax Information

Annual Tax: $11,748

Parcel Number: 090933215012

Possession

Subject To Tenant Rights

Legal Information

Legal Description: Section: LOT 31 C H CADYS SUB

Virtual Tour

Parking Information

Parking: 8

Multi-Unit Information

Road Frontage: Paved,Pub. Sidewalk

Unit 1 Information

# of Bedrooms: 2

Unit 2 Information

# of Bedrooms: 4

School Information

School District: Ann Arbor

Utility Information

Water:Public (Municipal),Water at Street

Sewer:Public Sewer (Sewer-Sanitary),Sewer at Street,Storm Drain

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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 04/30/2024 @ 00:24

MLS: 605391657
LISTED BY: Richard Jarzembowski , The Charles Reinhart Company
SOURCE: Realcomp II Ltd
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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