111-124 Adams Ave, Ann Arbor, MI 48104 - multi-family property

Detailed information about multi-family property which situated in Ann Arbor (48104) city, Michigan state on 111-124 Adams Ave.

Additional Information: Rare and very secure investment opportunity. 1st time offered in 50 yrs (seller retiring, has owned all since the 60s). 7 adjacent well-maintained westside/campus rental homes offered as a group. All rented for remainder of 2011-12 school year & re-rented for 2012-13. Updated kitchens, good roofs & furnaces, all appliance including washers/dryers. Good parking (street front plus rear alley). $12,250/mo income plus 3 garages rented for addit. $900/mo rent. Tenants pay all utilities. Owner will provide new C.O.s and will warrant all furnaces/roofs/appliances for 1 year. Land contract terms available to qualified purchaser: 20% down payment, 30 year amortization, 5 year balloon. Priced to sell at 8.75 GRM. Call listing agent for detailed proforma. Adjacent 2 houses with large outbuildings also available.

111-124 Adams Ave  ←  ANN ARBOR  ←  WASHTENAW  ←  Michigan  ←  Home

Property Address: 111-124 Adams Ave, Ann Arbor MI 48104

Cost: $1,380,000
  • Building Info
  • Buildings: 7
  • Year Built: 1913
  • Stories: 2
  • Construction: Wood Siding
  • Parking Type: Surface
  • Details
  • Zoning: R4C
  • Rental Info
  • Ideal Use: Duplex/Fourplex, Student Housing
  • Status: For sale
  • Sales Term: Cash to Seller, Owner Financing
  • Price: $1,380,000
  • Unit Price: $197,142.86 Per Unit
  • Renters Information

NOTE: Please contact with Douglas L. Smith if you want to get more accurate details about pricing and availability of multi-family property For sale.

111-124 Adams Ave, Ann Arbor, MI 48104 multi-family For sale on GoogleMaps

multi-family property details

  • Type: multi-family
  • Address: 111-124 Adams Ave
  • City: Ann Arbor
  • State: MI
  • County: Washtenaw
  • Zip-Code: 48104
  • Updated: 04/04/12

All information about multi-family property For sale that located on 111-124 Adams Ave, Ann Arbor, MI 48104 was obtained from reliable sources, but we cannot guarantee that all data about pricing, details of the building and property was completed without error or has not been changed without notice or withdrawal without notice. If you want to get complete and actual information, please contact with agents.

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