Home > Commercial > Michigan > Ann Arbor > 48104 > 111-124 Adams Ave

111-124 Adams Ave, Ann Arbor, MI 48104

Commercial property for sale

  • Description
  • Rare and very secure investment opportunity. 1st time offered in 50 yrs (seller retiring, has owned all since the 60s). 7 adjacent well-maintained westside/campus rental homes offered as a group. All rented for remainder of 2011-12 school year & re-rented for 2012-13. Updated kitchens, good roofs & furnaces, all appliance including washers/dryers. Good parking (street front plus rear alley). $12,250/mo income plus 3 garages rented for addit. $900/mo rent. Tenants pay all utilities. Owner will provide new C.O.s and will warrant all furnaces/roofs/appliances for 1 year. Land contract terms available to qualified purchaser: 20% down payment, 30 year amortization, 5 year balloon. Priced to sell at 8.75 GRM. Call listing agent for detailed proforma. Adjacent 2 houses with large outbuildings also available. Building price details: $1,380,000.
  • Property Details
  • Property Type: Multifamily
    Use Types: Duplex/Fourplex, Student Housing
    Status: Available
    Price: $ 197,143 +/Unit
    Number of Stories: 2
    Year Built: 1913
    MSA: Ann Arbor
    Zoning: R4C
    Buildings: 7
    Construction: Wood Siding
    Terms: Cash to Seller, Owner Financing
    Added: 04/04/2012
  • Exterior Features
  • Parking Type: Surface
  • Contact info
  • 734-662-3639 [Office]
  • Note

  • Details Info about this row that located on 111-124 Adams Ave, Ann Arbor, MI 48104 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

    If you see any error or mismatches on this page – click here.