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Two-Unit Short-Term Rental

809 Henry St, Ann Arbor, MI 48104

For Sale
$1,490,000

Updated in 2023, the property includes additional land that may be used for event parking under city zoning rules.

Property Size2,825 SF
Price / SF$527.43
Days on Market54

Property Features for 809 Henry St

General Information

Standard status Active
Size 2,825 SF
Property subtype Commercial
Net Operating Income $217,490

Site & Location

Neighborhood Rose White Neighborhood Association

Additional Details

Gross Income $305,150
Multifamily Units 2

Building Details

Year Built 1910
Year Renovated 2023
Listing Agency: The Charles Reinhart Company
Listed By: Bruce Maxson · License MI #6506044620
Source: Metrodetroithomeguide
Added: Sep 21 Changed: Nov 5 Last Checked: Nov 10 at 12:25PM

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

Rey
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Investment Insights

Based on property information with market context.

This two-unit property contains 5 bedrooms and 3 full bathrooms and underwent renovation in 2023. It has been operated as a short-term rental. The sale includes 809 Henry L.L.C., which owns the property and has applied for a new short-term rental permit; the permit is described as transferable to the purchaser of the LLC.

The property is within walking distance of Michigan Stadium, Crisler Center, Yost Ice Arena, the University of Michigan Golf Course, and The Big House. Additional land may support event parking, a use permitted under Ann Arbor zoning ordinances.

Key Highlights

  • Two units with 5 bedrooms and 3 full bathrooms
  • Renovated in 2023
  • Previously operated as a short‑term rental

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

833
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Short term rental property - Updated in 2023, the property includes additional land that may be used for event parking under city zoning rules.
Where is this short term rental property located?
The property is located at 809 Henry St Ann Arbor, MI.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Two units with 5 bedrooms and 3 full bathrooms; Renovated in 2023; Previously operated as a short‑term rental
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