912 Mary Street, Ann Arbor, MI 48104 (MLS# 25009533)

912 Mary Street, Ann Arbor, MI 48104

$5,999,900

Property Type: Multi Family Lot Size (sq. ft.): 8,930 Status: Active

Current Price: $5,999,900 List Date: 3/14/2025 Last Modified: 4/29/2025

Description

Brand New 4 Unit University of Michigan Student rental property located steps from Central Campus in Ann Arbor. Fully renovated in 2024, the 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 massive 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 Mixed Use Building up to 70 ft height(60,000+sq/ft) Adjacent to IM Building and new 2300 Bed Dorm.

More Information MLS# 25009533

Location Property Info

County: Washtenaw Street #: 912 Street Name: Mary Suffix: Street State: MI Zip Code: 48104 Area: Ann Arbor/Washtenaw - A

OfficeContract Info

Status: Active Current Price: $5,999,900 List Price: $5,999,900 Listing Date: 2025-03-13

General Property Info

Lot Measurement: Acres Lot Square Footage: 8930 Lot Acres: 0.21 Lot Dimensions: 66x135 Year Built: 1901 New Construction: Yes Construction Status: Completed Road Frontage: 66 Total # Units: 4 # of Diff Unit Floor Plans: 4 Total # Bldgs: 1 Total Approx. SqFt All Bldgs: 6040 Total Parking Spaces: 12 Waterfront: No School District: Ann Arbor

Tax Info

Tax ID #: 09-09-32-103-029 Taxable Value: 903900 SEV: 903900 For Tax Year: 2024 Annual Property Tax: 49814 Tax Year: 2024 Spec Assessment & Ty: -- Zoning: R4C

Remarks Misc

Directions: Packard to Mary St between Hill and State St

Access Feat

Accessibility Features: No

Income and Expenses

Annual Insurance: 3480 Annual Mgmt. Fees: 24516 Annual Utilities: 5912

Unit 1

Unit Description: Unit #1 Bedrooms: 6 Bathrooms: 6 Full Baths: 6

Unit 2

Unit Description: Unit #2 Bedrooms: 5 Bathrooms: 6 Full Baths: 5 Half Baths: 1

Unit 3

Unit Description: Unit #3 Bedrooms: 6 Bathrooms: 7 Full Baths: 6 Half Baths: 1

Unit 4

Unit Description: Unit #4 Bedrooms: 6 Bathrooms: 7 Full Baths: 6 Half Baths: 1

Property Features

Laundry Features: In Unit Exterior Material: Vinyl Siding Roofing: Composition Substructure: Full Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at Street: Broadband; Cable Available; Electricity Available; Natural Gas Available; Public Sewer; Storm Sewer Owner Pays: Water Tenant Pays: Sewer; Water Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Aggregate Street Type: Paved; Public Terms Available: Cash; Conventional; Tax Def Exchange Sale Conditions: None Unit 1: A/C Unit; Central Air; Deck/Patio; Dishwasher; Garb Disp; Range Oven; Refrigerator; Sep. Heat System; Washer/Dryer Unit 2: A/C Unit; Central Air; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer Unit 3: Range/Oven; A/C Unit; Central Air; Dishwasher; Garage; Garb Disp; Refrigerator; Sep. Heat System; Washer/Dryer Unit 4: A/C Unit; Central Air; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer

Listing Office: Metro Property Services

Listing Agent: Christopher Vessels

Last Updated: April - 29 - 2025

912 Mary Street, Ann Arbor, MI 48104- MLS# 25009533

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