912-914 Mary St - Apartments FOR SALE


Ann Arbor, MI 48104- Central Ann Arbor
$5,999,900 USD
734-649-2409
912-914 Mary St, Ann Arbor, MI for Sale
$5,999,900 USD
Apartments - FOR SALE
1/6
null | 5.22% Cap Rate

912-914 Mary St
Ann Arbor, MI 48104
Central Ann Arbor


HIGHLIGHTS

  • Steps from Univ of Michigan Central Campus, IM Building, short walk to Michigan Stadium
  • Very Low Maintenance Property
  • Additional Upside in terms of Rents, Parking, Future Development

OVERVIEW

Brand New 4 Unit University of Michigan student rental property located steps from Central Campus in Ann Arbor. Fully renovated in 2024, the property has a total of 23 Bedrooms & 24 1/2 Bathrooms(each Bedroom with its own Ensuite Bathroom). High End finishes throughout with Stainless Steel Appliances and Granite Countertops to command top of market Rents. Low Maintenance Exterior, and High Efficiency Forced Air Furnace & A/C. Equipped with NFPA 13R Fire Suppression System throughout for superior safety. All Furnishings included in the sale, with In-Unit Washer and Dryer. Beautiful front deck with Trex Decking, and massive 700sq/ft 2nd story rear deck for entertaining. .205 Acre lot with rear parking for 12+ cars. Planned future upzoning of the property would allow a Mixed Use Building up to 70 ft height(60,000+sq/ft) Adjacent to IM Building and new 2300 Bed Dorm.

FOR SALE DETAILS

PRICE

$5,999,900 USD

PRICE/SF

$1,602 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,499,975

CAP RATE

5.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1901

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R4C

APN/PARCEL ID

09-32-103-029

ASK ABOUT THIS PROPERTY

Chris VesselsMetro Property ServicesMore Info
734-649-2409

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Chris VesselsMetro Property ServicesMore Info
734-649-2409

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.