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29292948
29292949

417 W Liberty St, Ann Arbor, MI 48103

GA
MI MI 6502432561, MI MI 6506048019
Altitude Commercial Real Estate
Listed by Altitude Commercial Real Estate
$2,000,000
137 days on market
Updated 44 days ago

417 W Liberty St

Details
APN 09-09-29-302-009
Property Type Multifamily
Sub Type Student Housing
Square Footage 5,776
Units 8
Beds 11
Cap Rate 6.02%
NOI $120,480
Occupancy 100%
Price per SqFt $346
Buildings 1
Zoning R4C

Multifamily | 8 Units | $250,000/unit

Marketing description

Introducing an exceptional investment opportunity in the heart of Downtown Ann Arbor, MI. This 5,776 SF multifamily property boasts 8 units, this property offers potential to enhance rental income, as current rates are currently below market levels. Built in 1962 and zoned R4C, this property is ideally suited for student and professional housing, offering 12 convenient parking spaces. The prime location ensures accessibility to key amenities and attractions. Don't miss out on the chance to acquire this promising mid-rise property nestled in a sought-after area, offering ample potential for growth and return on investment.

Investment highlights

5,776 SF building

Value add opportunity (rents are below market)

8 units and 12 parking spaces (with opportunity for 9th unit)

Zoned R4C

Prime location in Downtown Ann Arbor

Ideal for student housing

Listing Contacts

GA
MI MI 6502432561, MI MI 6506048019
Altitude Commercial Real Estate
Listed by Altitude Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,480.00
$10,040.00/mo

Valuation Metrics

0
DSCR
6.02%
Cap Rate
6.02%
ROI

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Additional Information

Name
George Abro
License
MI 6502432561
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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