913 Dewey Avenue, Ann Arbor, MI 48104
- $1,200,000
- Sold Price
- $1,200,000
- List Price
- $1,400,000
- Closing Date
- Apr 30, 2024
- Days on Market
- 3
- MLS#
- 24017842
- Status
- SOLD
- Type
- Multifamily
- Neighborhood
- Ann Arbor/Washtenaw - A
Property Description
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.
Additional Information
- Owner Pays
- Trash Collection, Electricity, Water, Sewer, Gas
- Taxes
- $11,748
- Acres
- 0.13
- Association Fee Includes
- Trash, Snow Removal, Maintenance Grounds
- Basement
- Slab
- Heating
- Hot Water, Baseboard, Natural Gas
- Roofing
- Rubber
- School District
- Ann Arbor
- Sewer
- Public Sewer
- Tenant Pays
- Electric
- Total Parking Spaces
- 8
- Utilities
- Phone Available, Storm Sewer Available, Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Broadband Available, Phone Connected, Natural Gas Connected, Electric Connected, Cable Connected
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Listing courtesy of Listing Agent: Richard Jarzembowski (Rick@A2Rick.com) from Listing Office: The Charles Reinhart Company.
Selling Agent: Selling Office: .
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