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320 Koch Ave 6 Unit Apartment Building $1,849,000 ($308,167/Unit) Ann Arbor, MI 48103
Executive Summary
Introducing a prime investment opportunity in the heart of Ann Arbor, MI. This meticulously maintained 4,248 SF property, built in 1958, presents an attractive proposition for multifamily investors. With a total of 6 fully-occupied units and a desirable R4B zoning, this property offers a stable source of income and promising future potential. Its ideal location provides convenient access to the area's amenities and attractions. Boasting 100% occupancy, this property stands as a testament to its strong rental demand and investment value. Don't miss the chance to add this exceptional multifamily property to your portfolio in this thriving market.
Property Facts
| Price | $1,849,000 | Building Class | C |
| Price Per Unit | $308,167 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 4,510 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1958 |
| Apartment Style | Low-Rise | Parking Ratio | 1.88/1,000 SF |
| Zoning | R4B | ||
| Price | $1,849,000 |
| Price Per Unit | $308,167 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,510 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1958 |
| Parking Ratio | 1.88/1,000 SF |
| Zoning | R4B |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Handrails
- Smoke Free
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Bicycle Storage
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | $2,400 | 708 |
| 2+1 | 1 | $2,150 | 708 |
1 1
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 09-29-335-005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $397,400 |
Property Taxes
Parcel Number
09-29-335-005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$397,400
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320 Koch Ave
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