1224 Prospect St

Multi-Family
Pending

1224 Prospect St, Ann ArborMI 48104

Property Details

Location

Address
1224 Prospect St, Ann ArborMI 48104
County
Washtenaw
Submarket
Washtenaw W of 23
Parcels
09-09-33-234-005

Building Size

Building Size
Rentable Space
1,544 SF

Building Details

Type
 Multi-Family  
 Pending
Number of Buildings
Number of Units
5
Occupancy Type
Single Tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
Year Built
Sprinklers
Parking Ratio

Land & Utilities

Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
R4C
Lot Depth
Lot Width

Contacts

Current Listings

UM Campus Investment Opportunity

1,544 SF$550,000

Burns Park/Campus location! Just over 2 blocks to the University of Michigan’s main campus and to Burns Park, this owner occupied 5 bedroom house is a prime opportunity. With a little work, this home could be awesome for someone working at the Law school, Ross Business school, or anywhere on UM’s Main or Athletic Campuses. Likely hardwood floors under carpet on the main level. Bull’s eye trim. Living room, Dining room, Kitchen plus 2 rooms on first floor gives plenty of space for an awesome kitchen remodel plus a den or home office. 3 rooms on the second floor plus the full bath could make an awesome primary suite + + . For investors, the potential is there to renovate this property into an asset making $50k or more a year. The property had previously been approved by the City for 5 occupants. Large lot with 2 car garage gives plenty of room for expansion. No current financials are available.

Burns Park/Campus location! Just over 2 blocks to the University of Michigan’s main campus and to Burns Park, this owner occupied 5 bedroom house is a prime opportunity. With a little work, this home could be awesome for someone working at the Law school, Ross Business school, or anywhere on UM’s Main or Athletic Campuses. Likely hardwood floors under carpet on the main level. Bull’s eye trim. Living room, Dining room, Kitchen plus 2 rooms on first floor gives plenty of space for an awesome kitchen remodel plus a den or home office. 3 rooms on the second floor plus the full bath could make an awesome primary suite + + . For investors, the potential is there to renovate this property into an asset making $50k or more a year. The property had previously been approved by the City for 5 occupants. Large lot with 2 car garage gives plenty of room for expansion. No current financials are available.

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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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