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315 S Division St
Ann Arbor, MI 48104
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Downtown Ann Arbor Multi-Family Investment Property For Sale <ul><li>20 studio units</li><li>Downtown/campus Ann Arbor location</li><li>100% occupied for the past 10 years</li><li>Value-add potential through rental growth and unit upgrades</li><li>Well maintained and professionally managed</li><li>Three blocks from U-M Campus and close to downtown amenities</li><li>Near public transit and parking structures</li><li>Low-maintenance brick exterior</li></ul><p></p>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
