Victorian charm brightening up Spring St. in the coveted Water Hill neighborhood! A rare opportunity to own a highly rentable duplex on this tree lined street, walkable to vibrant downtown Ann Arbor, the nearby charm of Kerrytown, U of M Hospital and the college campus. Excellent multi family investment opportunity… Read More with no shortage of tenants who line up for this property. The upstairs unit is under contract with occupancy starting in August and the lower unit has had the same tenant for years. Well maintained, this beautifully unique home boasts a new roof and relatively new appliances. Both units offer private entrances. The first floor unit has 2 bedrooms and a full bathroom. Stunning hardwoods are the primary flooring, and white exposed brick lightens the already bright and airy living area. The kitchen is expansive and offers another entrance into the home. The upstairs unit is partially furnished and equally bright and welcoming. Newer LVP flooring throughout with a large living room, open concept to the kitchen which is complete with a portable dishwasher. 2 good sized bedrooms, a large full bathroom with a bonus space off of it, potentially a dream walk in closet or extra storage space. Both units have access to their own washer and dryer and the large basement for storage needs. An unbeatable location in a neighborhood that does nothing but appreciate in one of the favorite Ann Arbor neighborhoods. If you are looking to expand your investment portfolio, stop here- you found it. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Avera Realty.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multifamily
Square Ft.
1,763
Lot Size
0.2 Acres
Year Built
1901
MLS Number
20261039117
30 Days Snapshot Of 48103
$530k
+15%
(avg) sold price
83
+7%
homes sold
76
+49%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved, Pub. Sidewalk
Basement
Unfinished, Walk-Up Access, Basement?: 1
Building
2 total units, 2 leased units, 2 two-bedroom units, Built in 1901, Architectural style: Duplex, Wood, 1,763 total square feet, 1,763 combined square feet, 630 total basement square feet, Unit count: 2
Cooling
Ceiling Fan(s), Window Unit(s)
Exterior Features
Private Entry
Fireplaces
Fireplace?: 0
Foundation
Basement, Michigan Basement
Garage
Garage?: 0
Water Features
Natural Gas, Public (Municipal)
Heating
Forced Air, Natural Gas
Interior Features
Cable Available, High Spd Internet Avail, Laundry Facility
Lot
Lot size area: 0.20, Lot size dimensions: 53X165
Miscellaneous
Gross scheduled income: $39,600, Income projection: Actual, Monthly rental income: $3,300, Net operating income: $33,454
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