912 Mary St, Ann Arbor, MI 48104-3360
This is a four-unit multifamily property located in Ann Arbor, Michigan, near the University of Michigan's Central Campus. The property features a total of 23 bedrooms and 24 and a half bathrooms, with each bedroom having its own ensuite bathroom. It features renovations completed in 2024. High-end finishes are present throughout, including stainless steel appliances and granite countertops. Each unit includes its own washer and dryer. The exterior is designed for low maintenance, and the property is equipped with a high-efficiency forced air furnace and A/C. Outdoor features include a front deck with Trex decking and a large 700 square foot second-story rear deck. Situated on a 0.21-acre lot, the property offers rear parking for over 12 cars. Future upzoning is planned for the property, potentially allowing for a mixed-use building up to 70 feet in height, totaling over 60,000 square feet. The property is adjacent to the IM Building and a new 2300-bed dorm, making it suitable for student rental.
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
R4C · Ann Arbor, MIAnn Arbor. Always verify with local authorities before improvements.
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.