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Active For Sale Investment

809 Henry St

809 Henry St, Ann Arbor, MI, 48104

ID 84f87d25

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Overview

Fantastic Investment Opportunity! Completely renovated in 2023, 2 units, total of 5 bedrooms3 full baths INVESTMENT PROPERTY! This listing has been successfully used as a Short TermRental Property! LOCATION is INCREDIBLE! THE BIG HOUSE, MICHIGAN STADIUM, CRISLERCENTER, YOST ICE ARENA & U of M Golf Course are all within a short walk of this property!Gross Rents for 2024 ( Last Year Available) $305,150! Net Operating $ 217,490! This Propertyhas EXCESS LAND, Possibility to use as EVENT Parking & Potentially generating AdditionalPARKING REVENUE. This is a permitted use allowed under the zoning ordinances of the City ofAnn Arbor! Sale will include the newly formed 809 Henry L.L.C. which owns the Property & hasapplied for a new Short Term Rental Permit which will be transferable to the new purchaser of809 Henry L.L.C.

Additional Information

City
Ann Arbor
State
MI
Zip Code
48104
Primary Uses
Investment
Zoning
O
Zoning Description
Office
Vacant
Yes
Building Name
809 Henry St
Floors
2
Year Built
1,910
Parking Spaces
2
Gross Income
$305,150
NOI
$217,490
Total Expenses
$87,510
Corporate OfficeHowell, Michigan810-603-0676info@cpix.net

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