2041 Jackson Ave Ann Arbor, MI 48103-3973
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J. W. Apartments. Center Apartments Apartment Building
R1A, R1B, R1C, R1D and R1E Single-Family Dwelling District A. These Single-Family Zoning Districts are intended to provide an environment of detached single-family dwellings, along with other related facilities that serve the residents in the district such as schools, recreational facilities, parks, and religious assembly. These districts should be convenien…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R1C · Ann Arbor, MIR1A, R1B, R1C, R1D and R1E Single-Family Dwelling District A. These Single-Family Zoning Districts are intended to provide an environment of detached single-family dwellings, along with other related facilities that serve the residents in the district such as schools, recreational facilities, parks, and religious assembly. These districts should be convenient to commercial facilities in other zoning districts and to public transportation. B. These districts are intended to encourage the preservation and continuation of the longstanding residential fabric in existing neighborhoods of predominantly single-family dwellings, along with other related facilities that serve the residents in these districts. C. Accessory dwelling units are allowed to enable a new housing prototype that respects the look and character of single-family neighborhoods while: supporting more efficient use of existing housing stock and infrastructure; providing housing that responds to changing family needs, smaller households, and increasing housing costs; providing accessible housing for seniors and Persons with disabilities; and supporting affordable housing goals. D. Application of the R1D and R1E district may require a greater degree of services than the less dense Single-Family Zoning Districts. To assure health, safety and welfare, any future R1D and R1E zoning areas should be contingent upon the availability or provision of adequate public services to serve the higher densities permitted by that district, in addition to other pertinent planning considerations. R2A Two-Family Dwelling District This district is intended to provide residential areas in the City that are suitable for two-family dwellings. The district is intended to create areas of essentially single-family residential character utilizing two single family dwelling units that are attached either side to side or vertically. The district is intended to be similar to the higher density Single-Family Zoning Districts, except for the different type and slightly higher density of dwelling units. Location criteria for the application of this district should include the availability or provision of adequate public services to serve such higher densities. It may be used as a transition zone between single-family areas and other areas.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.