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417 W Liberty St
Ann Arbor, MI 48103
Albert Terrace · Multifamily Property For Sale
·
8 Units
EXECUTIVE SUMMARY
Introducing an exceptional investment opportunity in the heart of Downtown Ann Arbor, MI. This 5,776 SF multifamily property boasts 8 units, this property offers potential to enhance rental income, as current rates are currently below market levels. Built in 1962 and zoned R4C, this property is ideally suited for student and professional housing, offering 12 convenient parking spaces. The prime location ensures accessibility to key amenities and attractions. Don't miss out on the chance to acquire this promising mid-rise property nestled in a sought-after area, offering ample potential for growth and return on investment.
PROPERTY FACTS
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.74% | Building Size | 4,388 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 2.28/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4C | ||
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 5.74% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,388 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 2.28/1,000 SF |
| Zoning | R4C |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
PROPERTY TAXES
| Parcel Number | 09-29-302-009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $509,600 |
PROPERTY TAXES
Parcel Number
09-29-302-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$509,600
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