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911 South Main Street 6 Unit Apartment Building $6,250,000 ($1,041,667/Unit) 5.02% Cap Rate Ann Arbor, MI 48104
INVESTMENT HIGHLIGHTS
- Ultra Modern New Construction
- Steps to Michigan Stadium and University of Michigan Central Campus
- Plenty of Outdoor deck space for Socializing, Yoga, Recreation
- Located in a rapidly growing area, with significant revenue upside
- Eco Friendly Building with Solar Panels and EV Charging Stations
EXECUTIVE SUMMARY
Metro Property Services is pleased to present the exclusive opportunity to acquire to 911 S Main St, an Ultra-Modern New Construction
Multifamily building located steps from Michigan Stadium and University of Michigan's Central Campus in the heart of downtown Ann Arbor. Divided into 6 Units with a total of 34 Bedrooms, each Bedroom has its own ensuite bathroom and property comes equipped with NFPA 13r Fire Suppression system for superior safety. 6 Underground Parking
Spaces with EV Charging Stations installed, and an additional 2 spaces located outside the building. Plentiful Deck space on the exterior of the building for entertaining. The property also boasts Rooftop Solar Panels, which defray the Owner's energy costs. Located steps from the new 2300 Bed University of Michigan Dorm, which opens in 2026. Each Unit has High Efficiency Heat & A/C, Washer & Dryer. All furnishings included in the sale.
Multifamily building located steps from Michigan Stadium and University of Michigan's Central Campus in the heart of downtown Ann Arbor. Divided into 6 Units with a total of 34 Bedrooms, each Bedroom has its own ensuite bathroom and property comes equipped with NFPA 13r Fire Suppression system for superior safety. 6 Underground Parking
Spaces with EV Charging Stations installed, and an additional 2 spaces located outside the building. Plentiful Deck space on the exterior of the building for entertaining. The property also boasts Rooftop Solar Panels, which defray the Owner's energy costs. Located steps from the new 2300 Bed University of Michigan Dorm, which opens in 2026. Each Unit has High Efficiency Heat & A/C, Washer & Dryer. All furnishings included in the sale.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $6,250,000 | Property Subtype | Apartment |
| Price Per Unit | $1,041,667 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.02% | Lot Size | 0.32 AC |
| Sale Condition | 1031 Exchange | Building Size | 14,095 SF |
| Gross Rent Multiplier | 11.99 | No. Stories | 3 |
| No. Units | 6 | Year Built | 2024 |
| Property Type | Multifamily | ||
| Zoning | R4C - Multifamily Zoning. Scheduled to be Upzoned for Mixed Use. | ||
| Price | $6,250,000 |
| Price Per Unit | $1,041,667 |
| Sale Type | Investment |
| Cap Rate | 5.02% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.99 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 14,095 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Zoning | R4C - Multifamily Zoning. Scheduled to be Upzoned for Mixed Use. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (84)
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911 South Main Street
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