1 - 4 Units - Ann Arbor, MI

Exclusive listing by Michael C Price & Real Estate Associates. Call/text 734.216.9920.Live in this multi-family rent free and have cash flow or add to your real estate investment portfolio with this Ann Arbor income property. Main house with 3BR/1ba on first floor. Entry -level 1BR/1BTH; 2BR/1ba up with separate entry. Possibility for additional rental income. Off-street and driveway parking for up to seven cars. Lot of character with refinished oak floors and arched hallways. Features include built-in shelving, plenty of closet space, ceiling fans, Jack & Jill bathroom and entry level shared laundry. Updates includes bathrooms, paint, laminate flooring, counter tops, plumbing, kitchen cabinets, light fixtures and several windows. Large fenced backyard with 2 storage buildings. All appliances included. Short walk to coffee shop, car repairs, restaurants, storage units, hardware store & recreational opportunities. Taxes are non-homestead. Ride the city bus to central campus. Just over a 1 mile walk to U of M sports stadiums. Gross Rent $45,600 annually. 6% cap rate. 8% cash on cash. 9.6 Gross Rent multiplier. Always rented.