Active

521 S Fourth Avenue
Ann Arbor, MI 48104

$1,575,000

Estimated $/mo*

4,432

Square Feet
Estimate Finished Square Feet
4,432 Sq Ft Above Ground
Opportunity knocks two blocks from Central Campus. This single income property has three residences on one parcel and includes addresses 521 S. Fourth, 523 S. Fourth and 525 S. Fourth plus a detached garage. Meticulously maintained and cared for with current Certificates of Occupancy, these three homes contain a total of 14 bedrooms. 521 has 992 SF, 2 beds and 1 bath; 523 is 1714 SF, 6 beds and 2.1 baths; 525 is 1726 SF, 6 beds and 2 baths. All three houses have basements with laundry and all have AC. There are 6 parking spaces behind, a two car garage and plenty of street parking. Current rent is $9845 a month with room for growth. Tenants pay utilities and are responsible for trash. This property is part of a four-property sale. The following three adjacent properties are also being offered: 517 S. Fourth Ave, 526 and 528 S Fifth Avenue. See attached aerial map and floor plan. MLS Numbers are 3271130, 3271128, 3271127, 3271125, 3271119. NO SHOWINGS UNTIL 2-23
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Details

Type

  • Income Property

Year Built

  • 1915

MLS#

  • 3271130

Lot Size

  • 0.2

Number Of Kitchens

  • 3

Laundry

  • Yes

Number of Units

  • 3

Road Type

  • Public

Taxable Value

  • $20,747

State Equalized Value

  • $469,400

Community

Community - Ann Arbor Area

Ann Arbor, the hub of Washtenaw County, is the sixth largest city in Michigan.  A lively downtown and charming tree-lined neighborhoods make Ann Arbor an ideal place to live, work, and raise a family.

Known for academic excellence, Ann Arbor Public Schools District is consistently ranked one of the best in the country.  Ann Arbor is also home to the University of Michigan, Cleary University, Concordia University and Washtenaw Community College.

You will find a wonderful mix of city advantages and scenic beauty in Ann Arbor.  Nicknamed “Tree Town”, Ann Arbor has more than 2,000 acres of tree lined city parks.  Ann Arbor provides endless recreation opportunities including trails, golf courses, canoeing, tennis courts, athletic fields and more.  One of the most walkable communities in the country, Ann Arbor prides itself on being environmentally friendly with a progressive recycling program and conscious effort to preserve the city’s green space.

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While surrounded by all of this natural beauty, you'll also find that Ann Arbor is less than an hour from the big city advantages Detroit, Michigan has to offer.  Detroit is home to the Detroit Symphony Orchestra, several museums, extraordinary shopping and professional sports team including the Detroit Lions, Pistons, Red Wings and Tigers.

Within a four-hour drive of Ann Arbor are Chicago and Toronto, or take a 25-minute trip to Detroit Metropolitan Airport and the world is at your feet.  Amtrak makes several stops daily in Ann Arbor, connecting passengers to over 450 locations across the country.

There is a very broad range of major employers countywide, many of them located in and near Ann Arbor.  The University of Michigan, the University of Michigan Health System, and the St. Joseph Mercy Health System are among the area's leading employers.  These opportunities allow many of the county's residents to work quite close to home; other residents commute less than an hour to greater Detroit or Lansing.

Whether it's life in a college town that you prefer, or the appeal of a small town conveniently located to a larger urban area, Ann Arbor and Washtenaw County has it all.  Come see why our home is well loved by so many!
 

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The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange ("IDX") program of Ann Arbor Area Board of Realtors®. Real estate listings held by brokers other than Reinhart Realtors are marked with the IDX Logo. All information is subject to change and should be independently verified.

 
 
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