Properties for sale in Michigan

233 Collingwood Drive, Ann Arbor, MI 48103

$705,000

Property Type: Multi Family Lot Size (sq. ft.): 8,712 Status: Active

Current Price: $705,000 List Date: 8/28/2026 Last Modified: 9/02/2026

Overview

Description

Discover an exceptional investment opportunity in the heart of Ann Arbor. This well-maintained 4-unit multifamily property offers a turnkey solution for investors looking to capitalize on the thriving Ann Arbor rental market. With strong demand in the area, this property is currently fully occupied, providing immediate cash flow and enduring value for your portfolio. The building configuration features a versatile unit mix, including two 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. The property has been well-cared for, highlighted by a newer roof that includes a transferable warranty, offering peace of mind for future ownership. Tenants will appreciate the convenience of the large, private parking lot in the rear, providing ample off-street parking—a highly sought-after amenity in the Ann Arbor area. Located in a prime location, this property offers proximity to the University of Michigan, downtown Ann Arbor's vibrant dining and entertainment scene.

Listing Details MLS# 26045677

Location Property Info

County: Washtenaw
Street #: 233
Street Name: Collingwood
Suffix: Drive
State: MI
Zip Code: 48103
Zip (4): 3880

General Property Info

Lot Measurement: Acres
Lot Square Footage: 8712
Lot Acres: 0.2
Lot Dimensions: 75x117
Year Built: 1962
New Construction: No
Cert of Compliance: Yes
Road Frontage: 75
Total # Units: 4
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total Parking Spaces: 6
Waterfront: No
School District: Ann Arbor
Association YN: No

Tax Info

Tax ID #: 09-09-30-210-009
Taxable Value: 199735
SEV: 227200
For Tax Year: 2025
Seller's Annual Property Tax: 13802
Tax Year: 2025
Zoning: TC1

Access Feat

Accessibility Features: No

Income and Expenses

Gross Op. Inc.: 59880

More Information

Unit 1

Unit #: Yes
Unit Description: lower
Occupied: Yes
Monthly Rent: 1100
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 2
Unit Description: upstairs
Occupied: Yes
Monthly Rent: 1375
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit #: 3
Unit Description: lower unit
Identical Units: Yes
Occupied: Yes
Monthly Rent: 1140
Bathrooms: Yes
Full Baths: Yes

Unit 4

Unit #: 4
Unit Description: upper
Identical Units: 2
Occupied: Yes
Monthly Rent: 1375
Bathrooms: Yes
Full Baths: Yes

Property Features

Exterior Material: Brick Roofing: Other Substructure: Other Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water Owner Pays: Sewer; Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Asphalt Street Type: Paved Mineral Rights: No Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None Unit 1: A/C Unit; Central Air Unit 2: A/C Unit; Central Air Unit 3: A/C Unit; Central Air Unit 4: A/C Unit; Central Air

Listing Office: Cornerstone Real Estate

Listing Agent: Donald Wurtzel

Last Updated: September - 02 - 2026

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