913 Dewey Avenue Ann Arbor, MI ^$ 1,400,000

913 Dewey Avenue

^$ 1,400,000

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Recently Listed

913 Dewey Avenue

Ann Arbor, MI, 48104

^$ 1,400,000

Studio Baths0.0 Sq 3,360

Monthly Estimate*

^$ 9,779

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Studio

Multi-Family Home for sale in Ann Arbor, MI

for $1,400,000. This 3,360 square foot home was built in 1965 on a lot size of 0.13.

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.

Multi-Family Active

Price

^$ 1,400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 11,748

Style

Lot Size

0.13

Year Built

1965

Town/City

Ann Arbor

County/Region

Washtenaw

MLS | Web ID

70400316

Features

General

Interior Features Cable/Internet Avail.

Heating Baseboard Hot Water

Possession Subject To Tenant Rights

Water Public Water

Status Active Keep Showing-Contgcy Appl

Year Built 1965

County Washtenaw

Class MULTIFAMILY

Type Multi-Family

Net Income 66047

Municipality Ann Arbor

Subdivision MI

HOA Fee Includes Grounds Maintenance Snow Removal Trash Removal

Area Ann Arbor (81021)

Primary City Ann Arbor

Virtual Tour https://my.matterport.com/show/?m=GgKFDawzM3i

Directions Packard to Dewy

City Ann Arbor

School District Ann Arbor Public Schools

Street Name Dewey

Financial Terms Cash Conventional

Legal Description LOT 31 C H CADYS SUB

DOM 10

Postal Code 48104

Price Per Sq Ft 416.67

Coming Soon 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

Exterior

Exterior Brick

Frontage 50

Lot Size Area 0.13

Lot Dimensions 50 x 112

Lot Description Sidewalks

Roads City/County Paved Street

Waterfront Y/N No

Interior

Total Number of Units 6

Fuel Type Natural Gas

* Excluded Features

List By

Richard Jarzembowski

Listing Agent

The Charles Reinhart Company

Broker

Rick@A2Rick.com

Affordability Calculator

$10,758

Per Month

Monthly Principal & Interest: $9,779
Monthly Property Taxes: $979
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Ann Arbor, MI

Average List Price ^$1,860,175

Percent of Sale Price 33%

About Ann Arbor, MI

119,763 Population

5% Since 2002

^$64,208 Median Income

30.65 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1447815 Elementary School

1447814 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/16/2024	$1,400,000		Listed Price

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913 Dewey Avenue, Ann Arbor, MI, 48104 is a Multi-Family Home for sale at $1,400,000 with 3,360 sqft and a lot size of 0.13. 913 Dewey Avenue is a studio with 0.0 baths and was built in 1965. The property's zip code is 48104 which is in Ann Arbor, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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913 Dewey Avenue

Multi-Family Home for sale in Ann Arbor, MI

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