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Property profile

509 Linden St Ann Arbor, MI 48104

OFF-MARKET
Dormitories
Property ID
US43-1068402
927 SF
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 927 square foot, single-unit apartment building ideally situated at 509 Linden Street in Ann Arbor, Michigan. The property, zoned R4C, sits on a 4,356 square foot lot (APN: 09-09-28-413-003) and boasts four bedrooms and 2.5 bathrooms. Its location in Ann Arbor's vibrant student rental market, near the University of Michigan, ensures consistent demand and rental income potential. The building is well-maintained, contributing to a positive tenant experience and attracting multiple student inquiries annually. This translates to consistent annual rental increases, making it an attractive investment for those seeking a stable and appreciating asset in a high-demand area. The property's single-unit configuration simplifies management, while its prime location offers easy access to local amenities and the broader Ann Arbor community. This is a rare opportunity to acquire a well-positioned multifamily property in one of the nation's top student rental markets. The asking price for this turnkey investment is $785,000.

Property profile

Verified
Property type Dormitories
Total area 927 SF
UPID US43-1068402

Cap rate & NOI

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

Location

509 Linden St Ann Arbor, MI 48104
Ann Arbor metro
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Value estimations

Realmo proprietary · 4 methods
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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
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