Turn-key investment property with four units just minutes from Depot Town, EMU, and area hospitals! Situated on over an acre of land, this property consists of a triplex (1575 Ridge), a detached ranch home (1583 Ridge), and a detached 3-car garage with additional parking. All four units are fully rented (see attachments for dates and rates) with total monthly rental income of $5,000, but you could also choose to live in one unit yourself and rent out the other three! Each unit offers private entry, a private porch, a full bathroom, a full kitchen, and its own utility meters. The triplex has two 1-bedroom units and a 2-bedroom unit, while 1583 Ridge has two bedrooms. Recent updates include both roofs, furnaces and water heaters in 1575, and a new boiler in 1583. Incredible opportunity to start or grow your investment portfolio, or have your mortgage paid for while you live rent-free! 72-hour notice required for all showings, no exceptions.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $449,900 | Coldwell Banker Realty Ann Arbor |
Elementary School Ford Elementary School | 0.7 miles away | KG - 05 | |
Middle School Willow Run Middle School | 1.1 miles away | 06 - 08 | |
High School Willow Run High School | 1.1 miles away | 09 - 12 |