Active

714 W Michigan Avenue
Saline, MI 48176

$199,000

Estimated $/mo*

1,060

Square Feet
Estimate Finished Square Feet
1,060 Sq Ft Above Ground
Well conditioned home in Washtenaw County's tightest rental market. Almost half acre site includes a circular drive, detached 1.5 car garage with workshop lean-to and carport across rear of garage. Brand new roof over both house and garage in December 2019. Interior is clean & fresh and ready to lease. Updates everywhere and extra insulation added with new siding in 2018. Rooms are large with lots of natural light. Zoning is Professional Business and with Saline's west side continuing to grow this should be a factor in your decision. A cap rate of 3.4% is based on a monthly rent of $1400 and expenses that includes factors for taxes,insurance, management, maintenance and vacancy. Note that the duplex at 674 W. Michigan is also for sale from same ownership.
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Details

Type

  • Income Property

Year Built

  • 1944

MLS#

  • 3272425

Lot Size

  • 0.46

Number Of Kitchens

  • 1

Laundry

  • Yes

Number of Units

  • 1

Road Type

  • Public

Taxable Value

  • $5,815

State Equalized Value

  • $86,600

Community

Community - Saline Area

Saline, with a population of about 9,000, is located just 10 minutes southwest of Ann Arbor.  Founded in 1832, Saline has an agricultural heritage still visible today, although most current residents are professionals working in Saline or in the Ann Arbor and greater Detroit areas.

Newcomers are attracted to Saline by its proximity to Ann Arbor and Saline Area School District’s tradition of academic excellence.  They soon find that Saline is a lively community, offering the charm of small town living combined with easy access to the commerce and cultural offerings of nearby Ann Arbor.  Special events are on tap in Saline throughout the year, highlighted by the annual Celtic Festival, drawing thousands of people from southeast Michigan and beyond.

 

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Saline Area Schools has a reputation of excellence, which is a significant reason why people choose to move to Saline.  In 2011 five of the six Saline schools were in the 90th percentile of Michigan schools.  In addition, Newsweek named Saline High School as one of the best high schools in America.  Also putting Saline on the map are the Saline Fiddlers, Saline High School students who have performed all over the U.S. over the last 13 years, including three times at the White House.

Saline’s Parks and Recreation Department includes nine parks and the Recreation Complex, featuring two pools; an indoor track; basketball, tennis and volleyball courts; weight rooms; aerobics studio, and more.  A full range of fitness and recreation programs are offered by the Parks and Recreation Department throughout the year.

Saline offers a variety of housing styles, from historic frame homes in city neighborhoods to spacious executive residences on large suburban lots.
 

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Broker Reciprocity

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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