415 Benjamin Street, Ann Arbor, MI 48104 (MLS# 24055485)
415 Benjamin Street, Ann Arbor, MI 48104
$2,850,000
Property Type:
Multi Family
Lot Size (sq. ft.):
9,757
Status:
Sold
Current Price:
$2,750,000
List Date:
10/22/2024
Last Modified:
1/07/2025
Description
Rare Opportunity to own this 10-unit brick apt bldg adjacent to UofM's south/athletic campus. This property presents a lucrative opportunity for investors seeking long-term returns. The property has three 1-BR units and seven 2-BR units. Each unit features a full-size kitchen w/ dishwasher, gas range refrigerator, and air conditioning unit. Some units recently renovated. All furnishings are included in sale. Tenants pay electric. Owner pays gas & water. There is 1 parking spot assigned per unit, and up to 6 add'l spaces. On-site rented washer and dryer. Long-term tenants are common. Super easy to step right in. All units are fully rented through 8/21/2025. Current Certificate of Compliance good through 7/23/26. Boiler Inspection good through 4/15/27. Metal roof with 50 year warranty
More Information MLS# 24055485
Location Property Info
County: Washtenaw
Street #: 415
Street Name: Benjamin
Suffix: Street
State: MI
Zip Code: 48104
Area: Ann Arbor/Washtenaw - A
OfficeContract Info
Status: Sold
Current Price: $2,850,000
List Price: $2,750,000
Listing Date: 2024-10-21
General Property Info
Lot Measurement: Acres
Lot Square Footage: 9757
Lot Acres: 0.22
Lot Dimensions: 74 x 132
Year Built: 1966
New Construction: No
Financial Available: Yes
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2026-07-23
Road Frontage: 74
Total # Units: 10
# of Diff Unit Floor Plans: 7
Total # Bldgs: 1
Total Parking Spaces: 16
Waterfront: No
School District: Ann Arbor
Tax Info
Tax ID #: 09-09-32-106-016
Taxable Value: 428256
SEV: 82810
For Tax Year: 2023
Annual Property Tax: 28831.56
Tax Year: 2023
Spec Assessment & Ty: N/A
Zoning: R4C
Remarks Misc
Directions: Main or State Streets to Hoover, then North on Division to Benjamin St.
Status Change Info
Under Contract Date: 2024-11-01
Sold Date: 2025-01-03
Sold Price: $2,850,000
Access Feat
Accessibility Features: No
Unit 1
Unit #: 1
Unit Description: Updated kit and bath
Identical Units: 4
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: Standard kit & bath
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: 2 BR ranch, new bath
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 5
Unit Description: Bi-Level 2BR w/ balc
Identical Units: 7
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 5
Unit #: 8
Unit Description: Bi-Level 2BR w/ balc
Identical Units: 10
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 6
Unit #: 6
Unit Description: 2BR lg Bi-Lev Updatd
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 7
Unit #: 9
Unit Description: 2BR Lg Bi-Lev Stand
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: Common Area; See Remarks
Exterior Material: Brick
Roofing: Metal
Substructure: Daylight; Slab
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available
Owner Pays: Gas; Sewer; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Baseboard; Hot Water; Radiant
Air Conditioning: Wall Unit(s)
Driveway: Asphalt; Paved
Street Type: Paved; Public
Terms Available: Cash; Conventional; Tax Def Exchange
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: A/C Unit; Dishwasher; Garb Disp; Range Oven; Refrigerator
Unit 2: A/C Unit; Dishwasher; Garb Disp; Range/Oven; Refrigerator
Unit 3: Range/Oven; A/C Unit; Dishwasher; Garb Disp; Refrigerator
Unit 4: A/C Unit; Deck/Patio; Dishwasher; Range/Oven; Refrigerator
Unit 5: A/C Unit; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator
Unit 6: A/C Unit; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator
Unit 7: Deck/Patio; Dishwasher; Garb Disp; Refrigerator; Range/Oven
Listing Office: Howard Hanna RE Services
Listing Agent: Susan-Marie Maguire
Last Updated: January - 07 - 2025
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