HIGHEST & BEST due by 4/24/24 at 12:00 noon EST. Rare Opportunity to own this 6-unit apartment building nestled along a quiet, tree lined street with great proximity to U of M's south campus and the Sports Complexes. This property presents a lucrative opportunity for investors seeking long-term returns. The property has two 1-bedroom units and four 2-bedroom units. Each unit features a dishwasher, range/oven, refrigerator, and air conditioning. Heat and water are included, tenants pay electric. There is 1 parking spot per unit, a covered area for bicycles, and an on-site washer and dryer. Rental income 1/23 to 12/23 was $95,465. All units are fully rented for Fall of 2024 with annual rental income of $114,600.
Sold
$1,200,000
913 Dewey Ave, Ann Arbor, MI 48104
10beds
7baths
--sqft
5+ Units
Built in 1965
-- sqft lot
$1,311,600 Zestimate®
$--/sqft
$1,477 Estimated rent
Home value
$1,311,600
$1.15M - $1.50M
$1,477/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 16, 2024 at 08:50am
Listed by:
Richard Jarzembowski 734-645-3634,
The Charles Reinhart Company
Bought with:
No Member
Source: MichRIC,MLS#: 24017842
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 7
Heating
- Baseboard, Hot Water
Cooling
- Window Unit(s)
Appliances
- Laundry: Laundry Room
Features
- Basement: Slab
Property
Parking
- Total spaces: 8
- Parking features: Asphalt, Driveway
Lot
- Size: 5,662 sqft
- Dimensions: 50 x 112
- Features: Level, Sidewalk
Details
- Parcel number: 090933215012
- Zoning description: R4C
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Brick
- Roof: Rubber
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer, Storm Sewer
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Community & neighborhood
Location
- Region: Ann Arbor
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2024 | Sold | $1,200,000-14.3% |
Source:  MichRIC #24017842 | ||
| 4/26/2024 | Contingent | $1,400,000 |
Source: MichRIC #24017842 | ||
| 4/16/2024 | Listed for sale | $1,400,000 |
Source: MichRIC #24017842 | ||
| 1/26/2018 | Listing removed | $1,425 |
Source: Oxford Property Management | ||
| 12/26/2017 | Listed for rent | $1,425 |
Source: Oxford Property Management | ||
Public tax history
Tax history is unavailable.
Neighborhood: Burns Park
Nearby schools
GreatSchools rating
- 9/10Burns Park Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Tappan Middle SchoolGrades: 6-8Distance: 1 mi
- 10/10Pioneer High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Burns Park Elementary School
- Middle: Tappan Middle School
- High: Pioneer High School
Source: MichRIC. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,311,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,311,600