Property Type:
Multi Family
Lot Size (sq. ft.):
9,757
Status:
Sold
Current Price:
$2,750,000
List Date:
10/22/2024
Last Modified:
1/07/2025
415 Benjamin Street, Ann Arbor, MI 48104
$2,850,000
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
- Basement
- No
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
- Homestead %
- 0
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
- A/C Unit
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Range Oven
- Yes
- Refrigerator
- Yes
Unit 2
- Unit #
- 2
- Unit Description
- Standard kit & bath
- Occupied
- Yes
- Bathrooms
- Yes
- Full Baths
- Yes
- A/C Unit
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
Unit 3
- Unit #
- 3
- Unit Description
- 2 BR ranch, new bath
- Occupied
- Yes
- Bathrooms
- Yes
- Full Baths
- Yes
- Range/Oven
- Yes
- A/C Unit
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Refrigerator
- Yes
Unit 4
- Unit #
- 5
- Unit Description
- Bi-Level 2BR w/ balc
- Identical Units
- 7
- Occupied
- Yes
- Bathrooms
- Yes
- Full Baths
- Yes
- A/C Unit
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
Unit 5
- Unit #
- 8
- Unit Description
- Bi-Level 2BR w/ balc
- Identical Units
- 10
- Occupied
- Yes
- Bathrooms
- Yes
- Full Baths
- Yes
- A/C Unit
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
Unit 6
- Unit #
- 6
- Unit Description
- 2BR lg Bi-Lev Updatd
- Occupied
- Yes
- Bathrooms
- Yes
- Full Baths
- Yes
- A/C Unit
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
Unit 7
- Unit #
- 9
- Unit Description
- 2BR Lg Bi-Lev Stand
- Occupied
- Yes
- Bathrooms
- Yes
- Full Baths
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Refrigerator
- Yes
- Range/Oven
- Yes
Location & Property Info
- Cross Streets
- Division and Hill
- Property Sub-Type
- 5+ Units
- Area
- Ann Arbor/Washtenaw - A
- Municipality
- Ann Arbor
Office/Contract Info
- Auction or For Sale
- For Sale
Remarks & Misc
- Legal
- TH W 18.73 FT OF LOT 8 AND ALL LOT 9 BLOCK 2 JOHN F. LAWRENCE'S ADDITION
Street Type
- Paved
- Yes
- Public
- Yes
Util Avail at Street
- Cable Available
- Yes
Utilities Attached
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Terms Available
- Cash
- Yes
- Conventional
- Yes
- Tax Def Exchange
- Yes
Laundry Features
- Common Area
- Yes
- See Remarks
- Yes
Exterior Material
- Brick
- Yes
Roofing
- Metal
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Baseboard
- Yes
- Hot Water
- Yes
- Radiant
- Yes
Air Conditioning
- Wall Unit(s)
- Yes
Tenant Pays
- Electric
- Yes
Driveway
- Asphalt
- Yes
- Paved
- Yes
Substructure
- Daylight
- Yes
- Slab
- Yes
Owner Pays
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
Possession
- Close Of Escrow
- 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
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
