912 Mary St
Brand New, A+ Location Student Housing | 4 Units/23 Beds/24.5 Bathrooms
Marketing description
Brand New 4 Unit University of Michigan student rental property located steps from Central Campus in Ann Arbor. Fully renovated in 2024, the property has a total of 23 Bedrooms & 24 1/2 Bathrooms(each Bedroom with its own Ensuite Bathroom). High End finishes throughout with Stainless Steel Appliances and Granite Countertops to command top of market Rents. Low Maintenance Exterior, and High Efficiency Forced Air Furnace & A/C. Equipped with NFPA 13R Fire Suppression System throughout for superior safety. All Furnishings included in the sale, with In-Unit Washer and Dryer. Beautiful front deck with Trex Decking, and massive 700sq/ft 2nd story rear deck for entertaining. .205 Acre lot with rear parking for 10+ cars. Planned future upzoning of the property would allow a Mixed Use Building up to 70 ft height(60,000+sq/ft) Adjacent to IM Building and new 2300 Bed Dorm.
Investment highlights
-Steps from University of Michigan’s Central Campus, IM Building, Athletic Campus, new 2300 Bedroom Dorm
-Completely Renovated in 2024, high end finishes throughout with all amenities to ensure top of market rents for the foreseeable future.
-Additional Upside, with rent increases of 3-5% each year.
-Parcel is scheduled to be Rezoned in 2026 to allow for Mixed Use and up to 60,000sq/ft By Right
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