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    OFF-MARKET Estimated value $1,540,000
    Quadplexes

    912 Mary St, Ann Arbor, MI 48104-3360

    0.18 ac lot Built 1901
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US43-1730165
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Quadplexes
    Use group COMMERCIAL (GENERAL)
    Year built 1901
    Lot 0.18 ac (7,928 SF)
    Zoning code R4C
    APN 09-09-32-103-029
    UPID US43-1730165
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.54M
    Owner & transaction history
    912 Marigold LLC · 2 yrs held
    912 Marigold LLC
    since 2024
    Last sale
    $1.5M
    7 recorded transactions
    2024
    2021
    $1.5M
    2002
    1969
    1969
    1969
    1969
    Zoning & alternative use
    R4C · Ann Arbor, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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