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Four-Unit Apartment Building
For Sale
$705,000

233 Collingwood Drive, Ann Arbor, MI 48103

The unit mix combines one- and two-bedroom apartments, with rear off-street parking for residents.

Property SizeContact for details
Days on Market69

Property Features for 233 Collingwood Drive

General Information

Standard status Active
Property subtype 2 to 4 Units
Occupancy 100%

Units

Unit Mix 2 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units 4

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $13,802

Amenities

private parking lot

Building Details

Year Built 1962
Listing Agency: Cornerstone Real Estate
Listed By: Donald Wurtzel · License #6501366612
Source: Charlesbyreinhart
Added: Aug 28 Changed: Nov 2 Last Checked: Nov 4 at 6:20AM

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 Cornerstone Real Estate

Rey
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Investment Insights

Based on property information with market context.

This four-unit apartment building contains two one-bedroom, one-bathroom apartments and two two-bedroom, one-bathroom apartments. Built in 1962, the property has a newer roof with a transferable warranty and a private parking lot behind the building.

The property is in Ann Arbor, near the University of Michigan and downtown dining and entertainment. It is fully occupied and has a Home Energy Score of 2.

Key Highlights

  • Four apartments: two 1‑bedroom/1‑bathroom units and two 2‑bedroom/1‑bathroom units
  • Fully occupied
  • Newer roof with transferable warranty

Property Analytics

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

45
Businesses Nearby

Demographics for 48103, MI

55,605
Population
25,511
Households
2.2
Avg Household Size
40
Median Age
75%
College-Educated
97%
High-School Grad
66.5 sq mi
ZIP Area
836
Density / Sq Mi
$115,513
Median Household Income
$65,698
Median Earnings
$1,760
Median Rent
$455,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - The unit mix combines one- and two-bedroom apartments, with rear off-street parking for residents.
Where is this quadplex located?
The property is located at 233 Collingwood Drive Ann Arbor, MI.
What is the asking price?
The asking price for this property is $705,000.
What are key features of this property?
This property features: Four apartments: two 1‑bedroom/1‑bathroom units and two 2‑bedroom/1‑bathroom units; Fully occupied; Newer roof with transferable warranty
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