912 Mary St, Ann Arbor, MI 48104

$5,249,500

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List Price: $5,249,500
MLS#: 81026022380
Status: ACTIVE
New Construction: Yes

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Property Description

Fully Leased for 2026-27 with total scheduled revenue of $419,400! Brand New 4 Unit University of Michigan Student rental property located steps from Central Campus and the brand new Wolverine Village dorm. 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 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 potential Mixed Use Building up to 70 ft height(60,000+sq/ft) Adjacent to IM Building and property is very popular with University of Michigan Athletes.

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Additional Information

Year Built: 1901
Basement Type: Full
Acres: 0.18
Acres: 0.18
School District: Ann Arbor
Cooling: Central Air
Heating: Forced Air, Natural Gas
Garage Description: Aggregate, Paved