State Street Sanctuary Multifamily
For Sale
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1309 S State St, Ann Arbor, MI 48104
Historic 5-unit building near State Street, Ann Arbor.
Property Size2,030 SF
Price / SF$468.18
Days on Market202
Property Features for 1309 S State St
General Information
Standard status
Active
Size
2,030 SF
Total Parking Spaces
8
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$79,200
Building Details
Year Built
1885
Units
5
Listing Agency:
Wickfield Properties
Listed By:
Eric Rudland · License #MI 6501438609
Source:
Crexi
Added: Feb 2
Changed: Aug 8
Last Checked: Aug 22 at 1:39PM
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 Wickfield Properties
Investment Insights
Based on property information with market context.
The State Street Sanctuary is a historic building featuring 5 units, each with 5 bedrooms and bathrooms. The building has a total area of 2030 square feet and includes 8 parking spaces. The property is offered unfurnished and includes water utilities. The annual rent for all units totals $79,200. This multifamily property is located near State Street in Ann Arbor.
Key Highlights
- High annual rental income: $79,200
- Five units, each with 5 bedrooms and bathrooms
- Eight dedicated parking spaces provide convenience for tenants.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
Explore this area
Business Placement
Demographics for 48104, MI
41,588
Population
19,173
Households
2.2
Avg Household Size
27
Median Age
82%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
5,332
Density / Sq Mi
$63,341
Median Household Income
$16,073
Median Earnings
$1,548
Median Rent
$481,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic 5-unit building near State Street, Ann Arbor.
Where is this apartment building located?
The property is located at 1309 S State St Ann Arbor, MI.
What is the asking price?
The asking price for this property is $950,400.
What are key features of this property?
This property features: High annual rental income: $79,200; Five units, each with 5 bedrooms and bathrooms; Eight dedicated parking spaces provide convenience for tenants.
