Property profile

2376 Carpenter Rd Ann Arbor, MI 48108

OFF-MARKET
Hospitality properties
4.77 ac lot Built 1975
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents two established hotels in Ann Arbor, Michigan: a Days Inn by Wyndham and a Quality Inn & Suites. Boasting a combined 178 keys, these properties, built in 1975 and 2004 (with a 2022 renovation), sit on a 4.77-acre lot at 2376 and 2380 Carpenter Rd, Ann Arbor, MI 48108. The portfolio offers significant revenue synergies through shared resources and cross-promotion, maximizing operational efficiencies. The properties benefit from their prime location in Ann Arbor, a thriving market with strong tourism and business activity. The Days Inn brand provides established recognition and guest loyalty, while the Quality Inn & Suites offers comfortable accommodations and a proven track record of guest satisfaction. With a compelling 10.75% cap rate and a Net Operating Income (NOI) of $924,226, this portfolio represents a strong investment opportunity with significant growth potential. The asking price is $8,600,000. The two, two-story buildings offer a combined 178 rooms.

Property profile

Verified
Property type Hospitality properties
Year built 1975
Lot 4.77 ac (207,781 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Hotel & Motel

Location

2376 Carpenter Rd Ann Arbor, MI 48108
Ann Arbor metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2376 Carpenter Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message