1117 Prospect, Ann Arbor

$1,499,900

0 Beds
0 Baths
2,515 Sqft
.1 Acres
0 Garages

Two Prime UofM Student Rental Properties in One! Also known as 1032 Church St.<div>2-Unit University of Michigan Student Rental Property located steps from Central Campus in 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 2021, with each unit leased at $4950/mo and residents paying all utilities($118,800 Gross Annual Revenue)<span style=font-size: 10pt;=>. 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 updated. Property taxes are lower than comparable properti

Essential Information
MLS® #543273976
Price$1,499,900
Bathrooms0.00
Square Footage2,515
Acres0.10
Year Built1920
TypeMultifamily
StatusActive
Community Information
Address1117 Prospect
Area04092-Ann Arbor
CityAnn Arbor
CountyWashtenaw
StateMI
Zip Code48104
Amenities
Parking Spaces8
Interior
Interior FeaturesLaundry Facility
Exterior
FoundationBasement, Slab
School Information
DistrictAnn Arbor
Listing Details
OfficeMetro Property Services
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