HIGHEST & BEST due by 4/24/24 at 12:00 noon EST. Rare Opportunity to own this 6-unit apartment building nestled along a quiet, tree lined street with great proximity to U of M's south campus and the Sports Complexes. This property presents a lucrative opportunity for investors seeking long-term returns. The property has two 1-bedroom units and four 2-bedroom units. Each unit features a dishwasher, range/oven, refrigerator, and air conditioning. Heat and water are included, tenants pay electric. There is 1 parking spot per unit, a covered area for bicycles, and an on-site washer and dryer. Rental income 1/23 to 12/23 was $95,465. All units are fully rented for Fall of 2024 with annual rental income of $114,600.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $1,400,000 | The Charles Reinhart Company |
Elementary School Burns Park Elementary School | 0.4 miles away | KG - 05 | |
Elementary School Angell School | 0.8 miles away | KG - 05 | |
Elementary, Middle & High School Central Academy (1 - 12) | 1.1 miles away | 01 - 12 |