8-Unit Student Housing
922 Church St, Ann Arbor, MI 48104
For Sale
New
$11,750,000
Each residence contains six bedrooms, with layouts averaging approximately 2,295 square feet.
Property Size18,359 SF
Lot Size0.42 Acres
Price / SF$618.42
Days on Market2
Property Features for 922 Church St
General Information
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Eight-Unit, 48-Bed Student Housing Portfolio – Two Properties at 818 S. Forest Avenue and 922 Church Street, Comprising Eight Six-Bedroom Units
Built in 2006 – Approximately 19,000 Gross Square Feet, Including 18,359 Rentable Square Feet, on a Combined 0.42-Acre Site
Spacious Unit Layouts – Units Average Approximately 2,295 Square Feet, with Six Bedrooms Per Unit
Proximity to Ross School of Business and Law School – Convenient Access to Two Prominent University of Michigan Academic Institutions Serves as a Key Student Housing Tenancy Driver
University and Health Care Demand Drivers – Ann Arbor's Economy is Anchored by the University of Michigan and its Health System, Complemented by Technology, Research and Professional Services
Regional Connectivity – Interstate 94 and U.S. Highway 23 Provide Access to Metro Detroit, Detroit Metropolitan Airport and Surrounding Employment Centers
Reported 100 Percent Occupancy – The Portfolio is Fully Leased, with Scheduled Monthly Rents Totaling $75,600
Potential Rental Upside – Projected Monthly Rents of $78,000 Beginning in May 2027 Represent an Increase of $300 Per Unit Per Month, or $28,800 in Additional Annual Gross Rental Income
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Marcus & Millichap - Detroit
Listed By:
Chris Futo
(248) 415-3012
Source:
Marcusmillichap
Added: Nov 8
Last Checked: Nov 8 at 4:05PM
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 Marcus & Millichap - Detroit
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This Ann Arbor multifamily portfolio brings together two properties built in 2006, totaling eight residences and 48 bedrooms. Each residence has a six-bedroom layout. The properties contain approximately 19,000 gross square feet, including 18,359 rentable square feet, on a combined 0.42-acre site. Individual residences range from approximately 2,028 to 2,554 square feet, with an average size of approximately 2,295 square feet.
The properties are near the University of Michigan’s Stephen M. Ross School of Business and Law School. Interstate 94 and U.S. Highway 23 connect the area with metro Detroit and other parts of Southeast Michigan.
Reported occupancy is 96%, and the portfolio is associated with a 5.25% capitalization rate. The eight residences share a consistent six-bedroom configuration.
The properties are near the University of Michigan’s Stephen M. Ross School of Business and Law School. Interstate 94 and U.S. Highway 23 connect the area with metro Detroit and other parts of Southeast Michigan.
Reported occupancy is 96%, and the portfolio is associated with a 5.25% capitalization rate. The eight residences share a consistent six-bedroom configuration.
Key Highlights
- Eight residences with 48 bedrooms across the two‑property portfolio
- Six bedrooms per residence; individual layouts range from approximately 2,028 to 2,554 square feet
- Approximately 19,000 gross square feet, including 18,359 rentable square feet
Property Analytics
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,267
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence contains six bedrooms, with layouts averaging approximately 2,295 square feet.
Where is this multifamily property located?
The property is located at 922 Church St Ann Arbor, MI.
What is the asking price?
The asking price for this property is $11,750,000.
What are key features of this property?
This property features: Eight residences with 48 bedrooms across the two‑property portfolio; Six bedrooms per residence; individual layouts range from approximately 2,028 to 2,554 square feet; Approximately 19,000 gross square feet, including 18,359 rentable square feet
