Properties for sale in Michigan

415 Benjamin Street, Ann Arbor, MI 48104

$2,850,000

Property Type: Multi Family Lot Size (sq. ft.): 9,757 Status: Sold

Current Price: $2,850,000 List Date: 10/22/2024 Last Modified: 1/07/2025

Overview

Description

Rare Opportunity to own this 10-unit brick apt bldg adjacent to UofM's south/athletic campus. This property presents a lucrative opportunity for investors seeking long-term returns. The property has three 1-BR units and seven 2-BR units. Each unit features a full-size kitchen w/ dishwasher, gas range refrigerator, and air conditioning unit. Some units recently renovated. All furnishings are included in sale. Tenants pay electric. Owner pays gas & water. There is 1 parking spot assigned per unit, and up to 6 add'l spaces. On-site rented washer and dryer. Long-term tenants are common. Super easy to step right in. All units are fully rented through 8/21/2025. Current Certificate of Compliance good through 7/23/26. Boiler Inspection good through 4/15/27. Metal roof with 50 year warranty

Listing Details MLS# 24055485

Location Property Info

County: Washtenaw
Street #: 415
Street Name: Benjamin
Suffix: Street
State: MI
Zip Code: 48104

General Property Info

Lot Measurement: Acres
Lot Square Footage: 9757
Lot Acres: 0.22
Lot Dimensions: 74 x 132
Year Built: 1966
New Construction: No
Financial Available: Yes
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2026-07-23
Road Frontage: 74
Total # Units: 10
# of Diff Unit Floor Plans: 7
Total # Bldgs: Yes
Total Parking Spaces: 16
Waterfront: No
School District: Ann Arbor

Tax Info

Tax ID #: 09-09-32-106-016
Taxable Value: 428256
SEV: 82810
For Tax Year: 2023
Seller's Annual Property Tax: 28831.56
Tax Year: 2023
Spec Assessment & Ty: N/A
Zoning: R4C

Remarks Misc

Directions: Main or State Streets to Hoover, then North on Division to Benjamin St.

Status Change Info

Under Contract Date: 2024-11-01
Sold Date: 2025-01-03

More Information

Access Feat

Accessibility Features: No

Unit 1

Unit #: Yes
Unit Description: Updated kit and bath
Identical Units: 4
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 2
Unit Description: Standard kit & bath
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit #: 3
Unit Description: 2 BR ranch, new bath
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Unit 4

Unit #: 5
Unit Description: Bi-Level 2BR w/ balc
Identical Units: 7
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Unit 5

Unit #: 8
Unit Description: Bi-Level 2BR w/ balc
Identical Units: 10
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Unit 6

Unit #: 6
Unit Description: 2BR lg Bi-Lev Updatd
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Unit 7

Unit #: 9
Unit Description: 2BR Lg Bi-Lev Stand
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes

Property Features

Laundry Features: Common Area; See Remarks Exterior Material: Brick Roofing: Metal Substructure: Daylight; Slab Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available Owner Pays: Gas; Sewer; Water Tenant Pays: Electric Heat Source: Natural Gas Heat Type: Baseboard; Hot Water; Radiant Air Conditioning: Wall Unit(s) Driveway: Asphalt; Paved Street Type: Paved; Public Terms Available: Cash; Conventional; Tax Def Exchange Possession: Close Of Escrow Sale Conditions: None Unit 1: A/C Unit; Dishwasher; Garb Disp; Range Oven; Refrigerator Unit 2: A/C Unit; Dishwasher; Garb Disp; Range/Oven; Refrigerator Unit 3: Range/Oven; A/C Unit; Dishwasher; Garb Disp; Refrigerator Unit 4: A/C Unit; Deck/Patio; Dishwasher; Range/Oven; Refrigerator Unit 5: A/C Unit; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator Unit 6: A/C Unit; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator Unit 7: Deck/Patio; Dishwasher; Garb Disp; Refrigerator; Range/Oven

Listing Office: Howard Hanna Real Estate

Listing Agent: Susan-Marie Maguire

Last Updated: January - 07 - 2025

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