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1307 S State St Ann Arbor, MI 48104

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For Sale
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Historic property with 8 bedrooms, 6 bathrooms, and strong income.

Property size:
2,851 SF

Property Features for 1307 S State St

General Information

Standard status
Active
Size
2,851 SF

Building Details

Year built
1915

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Listing Contact
Eric Rudland
Source: Crexi

Listing Agency: Wickfield Properties Listing Agent: Eric Rudland

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Furnished Multifamily Investment Opportunity

This historic property, located at 1307 S. State Street, presents an investment opportunity. The building contains two fully furnished units, featuring a total of 8 bedrooms and 6 bathrooms. The property generates an annual rent of $118,200. Unit 1 is responsible for 80% of the gas and water utilities, while Unit 2 covers the remaining 20%. The property includes 2 parking spots. The building has a total square footage of 2851.
Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Daycare Center Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Ann Arbor
County
Washtenaw
State
Michigan
Longitude
-83.7401935
Latitude
42.2653289

FAQs

What type of property is this?
Multifamily property - Historic property with 8 bedrooms, 6 bathrooms, and strong income.
Where is this multifamily property located?
The property is located at 1307 S State St Ann Arbor, MI.
What are key features of this property?
This property features: - High Annual Rental Income: Generates $118,200 annually, offering a strong return on investment.; - Fully Furnished Units: Two units with a total of 8 bedrooms and 6 bathrooms, ready for immediate rental.; - Prime Location: Situated in a sought-after location.
More about this property
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