Bradford House Apartments

Multi-Family: Mid-Rise

1010 Catherine St, Ann ArborMI 48104

Property Details

Location

Address
1010 Catherine St, Ann ArborMI 48104
County
Washtenaw
Submarket
Washtenaw W of 23
Parcels
09-09-28-213-023

Building Size

Building Size
33,723 SF
Rentable Space
33,723 SF

Building Details

Type
 Multi-Family: Mid-Rise
Number of Buildings
1
Number of Units
38
Occupancy Type
Single Tenant
Percent Occupied
Building Class
Building Status
Existing
Floors
5
Year Built
1967
Year Renovated
2017
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
0.62 Acres
Land (SF)
27,007 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
R4C MULTI-FAMILY
Lot Depth
Lot Width

Contacts

Current Listings

Ann Arbor High Rise Apartments

33,723 SF$11,000,000
Cap Rate: 4.5%
Michigan Commercial Realty, L.L.C

This is one of those generational type of properties that are rarely on the market. The building itself is in very good condition with new roof, asphalt, kitchens, porcelain tile on the balconies. There are 36 residential units on floors 2-5. the ground floor has two offices. The apartments are all leased at this time to August 2021. The offices are leases for about nine years with annual increases each. The location is between the U of M nursing school and the University Hospital. Both of these structures can be viewed from the front yard of this property. The building has had no occupancy vacancy in the past 35 years. There may have been rent adjustments during the recession but all units were rented. Parking for each apartment, five spaces for each office, and approximately another 10 spaces of rent.

Michigan Commercial Realty, L.L.C

This is one of those generational type of properties that are rarely on the market. The building itself is in very good condition with new roof, asphalt, kitchens, porcelain tile on the balconies. There are 36 residential units on floors 2-5. the ground floor has two offices. The apartments are all leased at this time to August 2021. The offices are leases for about nine years with annual increases each. The location is between the U of M nursing school and the University Hospital. Both of these structures can be viewed from the front yard of this property. The building has had no occupancy vacancy in the past 35 years. There may have been rent adjustments during the recession but all units were rented. Parking for each apartment, five spaces for each office, and approximately another 10 spaces of rent.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: CPIX

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