$705,000
Ann Arbor, MI 48103
MLS# 26045677
1 / 17
Property Description
Discover an exceptional investment opportunity in the heart of Ann Arbor. This well-maintained 4-unit multifamily property offers a turnkey solution for investors looking to capitalize on the thriving Ann Arbor rental market. With strong demand in the area, this property is currently fully occupied, providing immediate cash flow and enduring value for your portfolio. The building configuration features a versatile unit mix, including two 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. The property has been well-cared for, highlighted by a newer roof that includes a transferable warranty, offering peace of mind for future ownership. Tenants will appreciate the convenience of the large, private parking lot in the rear, providing ample off-street parking—a highly sought-after amenity in the Ann Arbor area. Located in a prime location, this property offers proximity to the University of Michigan, downtown Ann Arbor's vibrant dining and entertainment scene.
Details
Location & Property Info
Cross Streets: shelby and collingwood
Property Sub-Type: 2 to 4 Units
Municipality: Ann Arbor
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 75x117
Road Frontage: 75
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 4
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 6
School District: Ann Arbor
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 8712
Lot Acres: 0.2
Year Built: 1962
Tax Info
Taxable Value: 199735
SEV: 227200
For Tax Year: 2025
Seller's Annual Property Tax: 13802
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: 0
Zoning: TC1
Tax ID #: 09-09-30-210-009
Remarks & Misc
Public Remarks: Discover an exceptional investment opportunity in the heart of Ann Arbor. This well-maintained 4-unit multifamily property offers a turnkey solution for investors looking to capitalize on the thriving Ann Arbor rental market. With strong demand in the area, this property is currently fully occupied, providing immediate cash flow and enduring value for your portfolio. The building configuration features a versatile unit mix, including two 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. The property has been well-cared for, highlighted by a newer roof that includes a transferable warranty, offering peace of mind for future ownership. Tenants will appreciate the convenience of the large, private parking lot in the rear, providing ample off-street parking—a highly sought-after amenity in the Ann Arbor area. Located in a prime location, this property offers proximity to the University of Michigan, downtown Ann Arbor's vibrant dining and entertainment scene.
Legal: S 1/2 LOT 28 & ALL LOT 29 BOULEVARD HEIGHTS
Income and Expenses
Gross Op. Inc.: 59880
Street Type
Paved: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
No: 1
Exterior Material
Brick: 1
Assoc. Fee Incl.
None: 1
Roofing
Other: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Asphalt: 1
Substructure
Other: 1
Owner Pays
Sewer: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: lower
Occupied: Yes
Monthly Rent: 1100
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Central Air: 1
Unit 2
Unit #: 2
Unit Description: upstairs
Occupied: Yes
Monthly Rent: 1375
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Central Air: 1
Unit 3
Unit #: 3
Unit Description: lower unit
Identical Units: 1
Occupied: Yes
Monthly Rent: 1140
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Central Air: 1
Unit 4
Unit #: 4
Unit Description: upper
Identical Units: 2
Occupied: Yes
Monthly Rent: 1375
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Central Air: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Washtenaw
Street #: 233
Street Name: Collingwood
Suffix: Drive
State: MI
Zip Code: 48103
Zip (4): 3880
OfficeContract Info
Status: Active
Current Price: $705,000
List Price: $705,000
Listing Date: 2026-08-27
Property Features
Exterior Material: Brick
Roofing: Other
Substructure: Other
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; Phone Available; Public Sewer; Public Water
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Asphalt
Street Type: Paved
Mineral Rights: No
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: A/C Unit; Central Air
Unit 2: A/C Unit; Central Air
Unit 3: A/C Unit; Central Air
Unit 4: A/C Unit; Central Air
Listing Office: Cornerstone Real Estate
Listing Agent: Donald Wurtzel
Last Updated: September - 02 - 2026
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