$5,795,000
Ann Arbor, MI 48104
MLS# 25060642
1 / 5
Property Description
Fully Leased for 2026-27! Brand New 4 Unit University of Michigan Student rental property located steps from Central Campus. Fully renovated in 2024, 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. 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 12+ 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.
Details
Maps
Location Property Info
County: Washtenaw
Street #: 912
Street Name: Mary
Suffix: Street
State: MI
Zip Code: 48104
Area: Ann Arbor/Washtenaw - A
OfficeContract Info
Status: Active
Current Price: $5,795,000
List Price: $5,795,000
Listing Date: 2025-12-04
General Property Info
Lot Measurement: Acres
Lot Square Footage: 8930
Lot Acres: 0.21
Lot Dimensions: 66x135
Year Built: 1901
New Construction: Yes
Construction Status: Completed
Cert of Compliance: Yes
Road Frontage: 66
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 6040
Total Parking Spaces: 12
Waterfront: No
School District: Ann Arbor
Tax Info
Tax ID #: 09-09-32-103-029
Taxable Value: 903900
SEV: 903900
For Tax Year: 2024
Seller's Annual Property Tax: 62651
Tax Year: 2025
Spec Assessment & Ty: --
Zoning: R4C
Remarks Misc
Directions: Packard to Mary St.
Access Feat
Accessibility Features: No
Income and Expenses
Annual Insurance: 3480
Annual Mgmt. Fees: 24516
Annual Utilities: 5912
Unit 1
Unit Description: Unit #1
Bedrooms: 6
Bathrooms: 6
Full Baths: 6
Unit 2
Unit Description: Unit #2
Bedrooms: 5
Bathrooms: 6
Full Baths: 5
Half Baths: 1
Unit 3
Unit Description: Unit #3
Bedrooms: 6
Bathrooms: 7
Full Baths: 6
Half Baths: 1
Unit 4
Unit Description: Unit #4
Bedrooms: 6
Bathrooms: 7
Full Baths: 6
Half Baths: 1
Property Features
Laundry Features: In Unit
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Public Sewer; Public Water; Storm Sewer
Extras: Sep Electric Meter; Sep Gas Meter
Owner Pays: Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Aggregate
Street Type: Paved; Public
Terms Available: Cash; Conventional; Tax Def Exchange
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: A/C Unit; Central Air; Deck/Patio; Dishwasher; Garb Disp; Range Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Unit 2: A/C Unit; Central Air; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Unit 3: Range/Oven; A/C Unit; Central Air; Dishwasher; Garage; Garb Disp; Refrigerator; Sep. Heat System; Washer/Dryer
Unit 4: A/C Unit; Central Air; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Listing Office: Metro Property Services
Listing Agent: Christopher Vessels
Last Updated: December - 04 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
