5608 Arbor Chase Drive Ann Arbor, MI 48103
5608 Arbor Chase Drive, Ann Arbor, MI, 48103
$375,000
Pending
For Sale
$375,000
Pending
Residential income properties
Property Size1,564 SF
Days on Market493
Property Features for 5608 Arbor Chase Drive
General Information
- Standard status
- Pending
- Size
- 1,564 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2016
Listing agency
The Charles Reinhart Company
(734) 645-5703
Listed by
Maryann Ryan · License #6501365890
(734) 645-5703
Source
Exitrealty
Added: Mar 18, 2025 Updated: Jul 6 at 12:18PM Checked: Jul 22 at 8:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Charles Reinhart Company
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location: Close to shopping, restaurants, and I‑94, with easy access to Ann Arbor, Dexter, and Detroit Airport.
- Spacious, light‑filled, open‑concept living area ideal for entertaining and relaxation.
- Gourmet kitchen with large island and modern lighting.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.3k | $21.96 |
| − Vacancy | −$2.0k | −$1.27 |
| EGI | $32.4k | $20.69 |
| − OpEx | −$14.6k | −$9.31 |
| NOI | $17.8k | $11.38 |
1,564 SF · lease $21.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$254.2K
$222.4K – $296.6K
NOI $17,794 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.4K
$302.2K – $403.0K
NOI $24,179 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
Where is this residential income property located?
The property is located at 5608 Arbor Chase Drive Ann Arbor, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Prime location: Close to shopping, restaurants, and I‑94, with easy access to Ann Arbor, Dexter, and Detroit Airport.; Spacious, light‑filled, open‑concept living area ideal for entertaining and relaxation.; Gourmet kitchen with large island and modern lighting.
