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    OFF-MARKET
    Dormitories

    509 Linden St, Ann Arbor, MI 48104

    927 SF
    Property ID
    US43-1068402
    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
    APN 09-09-28-413-003
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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