Loading....
1117 PROSPECT $1,315,000
Sold
- 0 Beds
- 0 Baths
- 2,515 sq. ft.
- Multi-Family
- MLS# 40065919
Listing provided courtesy of: Metro Property Services - 7346686686
Property Details
Two Prime UofM Student Rental Properties in One! Also known as 1032 Church St. $118,800 Gross Annual Revenue!
2-Unit University of Michigan Student Rental Property located steps from Central Campus directly in the midst of the most popular neighborhood for UofM Undergraduates. Unit 1 has a porch facing Prospect St and is fully renovated with 6 Bedrooms and 2 Bathrooms. Unit 2 has a porch facing Church St and is fully renovated with 6 Bedrooms and 2 Bathrooms. Entire property Leased through Fall 2022, with each unit leased at $4950/mo and residents paying all utilities($118,800 Gross Annual Revenue). Typically rents itself 10 months ahead of time with 3-5% rent increases each year. Onsite Parking for 7-8 Cars. High Efficiency Furnaces, High Efficiency Central A/C, Updated Windows, Granite Countertops, Cherrywood Cabinets and Hardwood flooring throughout. Washer and Dryer Included, along with Standard Furnishings. Plumbing and Electrical completely updat
-
General Features
- COMMUNITY AMENITIES Laundry Facility
- Acreage 0.1
- Area Municipality Ann Arbor (81021)
- County Washtenaw
- Originating MLS Ann Arbor Area Association of RE
- Ownership Private
- Waterfront Y/N No
- Year Built 1920
-
Building Features
- Appliances Dishwasher, Dryer, Washer
- Basement Type Full
- Exterior Construction Wood
- Exterior Features Deck
- Foundation Type Basement
-
Property Features
- Lot Size A
-
Schools
- High School PIONEER
- Elementary School BURNS PARK
- School District Ann Arbor Public Schools
- Middle School TAPPAN
Neighborhood
48104 (Ann Arbor) Demographics
23 Median Age
5,510 Population Density (per sq. mile)
84% College Educated
$55,597 Estimated Median Income
6,293 Estimated Total Home Owners
10,418 Estimated Total Renters
38% / 62% Estimated Owner / Renter Divide
2 Estimated Average Household Size
44,219 Total Population
Community data courtesy of LiveBy, Inc.
Market Last 30 Days In This Postal Code
$300,000
Median Sales Price
51
Homes Sold
58
New On Market
Average Days on Site
Properties for Sale
Calculations provided by Reliance Network
Property History
Date | Price |
---|---|
-- | New Value: $0 |
4/1/2021 3:00:00 AM | New Value: $1,315,000 |
Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.