Fantastic Downtown Location Between Central Campus and Main St! 2 Unit University of Michigan Student Rental Property located steps from University of Michigan Central Campus and One Block from Main Street in Downtown Ann Arbor. Just up the street from Fingerle Lumber property which is currently being purchased by University of Michigan for eventual development. Rental properties in this neighborhood almost never reach market. Unit 1 is 6 Large Bedrooms and 2 Bathrooms leased at $4650/mo through Fall 2020. Unit 2 is a 1 Bedroom 1 Bathroom unit currently leased at $1190/mo. Always fully rented, and downtown location will allow for significant rent increases in the coming years! Onsite Parking for at least 8 cars. Residents pay all utilities, and this property has future development potential. Property must be sold in conjunction with adjacent property at 510 S Fourth Ave.
Listing courtesy of Metro Property Services.