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29575437

1504 White St, Ann Arbor, MI 48104 For Sale

ER
MI MI 6501438609
Wickfield Properties
Listed by Wickfield Properties
$735,000
163 days on market
Updated 37 days ago

1504 White St

Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 1,536
Units 1
Beds 5
Cap Rate 8%
NOI $58,800
Occupancy 100%
Price per SqFt $479
Year Built 1920

Multifamily | University of Michigan Student Housing | 1 Unit | $735,000

Marketing description

Introducing 1504 White Street, a charming fully furnished property with a turnkey investment opportunity in a prime location. This University of Michigan student house consists of 5 bedrooms, 3 bathrooms, and boasts separate meters for utilities. Generating an annual rent of $58,800, this income-producing property is currently leased until 5/17/26. With a spacious 1536 sq. ft. layout, residents can enjoy the convenience of parking spots on-site with a detached garage. Presenting a seamless investment opportunity, this property is listed at the competitive price of $735,000. Whether you're looking to diversify your portfolio or secure a reliable income stream, 1504 White Street offers a blend of historic charm and modern conveniences. Don't miss out on owning this turnkey property that promises impressive rental income potential.

Listing Contacts

ER
MI MI 6501438609
Wickfield Properties
Listed by Wickfield Properties

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$58,800.00
$4,900.00/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Eric Rudland
License
MI 6501438609
Brokerage
Wickfield Properties
Title
Director of Commercial Real Estate
Brokerage Address
230 Huronview Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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