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Michael Readdy

mikereaddy@xsellrealty.net +1(517) 748-1294

$800,000

Est. payment - /mo

2 Baths

7,841 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality Ann Arbor

MLS Listing ID 26059386

Year Built 1952

Annual Tax Amount $7,482

Tax Year 2025

Lot Size 7,841 Sqft

Acres 0.18

Lot Dimensions 103 X 75

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property Description

Super opportunity for investors or owner/occupants! Ann Arbor Mid-Century Modern duplex with one of the best locations in town, and a consistent rental history of longer-term tenants. Walking/biking distance to hospitals, both UM campuses, downtown, Kerrytown, Amtrak station, bus lines, new Lowertown park, restaurants, shops, Argo canoe livery & Cascades, Border to Border Trail & Huron River parks. 1800 sq ft total, each attractive, bright unit is 900 sq ft, 2 bedrooms, 1 bath, with in-unit laundry. Kitchens & baths are updated with ceramic tile floors, dishwashers, disposals. Units have easy maintenance, high-quality laminate flooring, ceiling fans, mini-splits for A/C. Upstairs unit features beautiful wood beamed ceilings. Both units have a wall of windows in the living room, large closets. Additional large storage building and covered attached carport space for each unit, plus more parking on site and on street. Backyard patio. New roof in 2020, water heaters in 2021... Current gross rental income is $46,470/yr. Projected gross rental income $60,000/year. Unit 1 leased thru June 2027 and Unit 2 leased thru June 2028. Certificate of Compliance good until Aug 2030. Tenants pay electric & cooking gas, metered separately. Home Energy Score Exempt. Agent is owner. Call 678-1889 with any questions or to schedule showing. Do not disturb tenants or walk property without permission. Current gross rental income is $46,470/yr. Projected gross rental income $60,000/year. Unit 1 leased thru June 2027 and Unit 2 leased thru June 2028. Certificate of Compliance good until Aug 2030. Tenants pay electric & cooking gas, metered separately. Home Energy Score Exempt. Agent is owner. Call 678-1889 with any questions or to schedule showing. Do not disturb tenants or walk property without permission.

Location

State MI

County Washtenaw

Direction Pontiac to Apple to Pear

Rooms

Basement Slab

Interior

Heating Radiant

Laundry In Unit

Exterior

Parking Features Driveway, Gravel

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

View Y/N No

Roof Type Metal,Rubber

Street Surface Paved

Total Parking Spaces 4

Building

Lot Description Level, Sidewalk, Corner Lot

Sewer Public Sewer

Structure Type Block,Shingle Siding

New Construction No

Schools

Elementary Schools Ann Arbor Steam

Middle Schools Clague Middle School

High Schools Skyline High School

School District Ann Arbor

Others

Tax ID 09-09-21-209-012

Acceptable Financing VA Loan, FHA, Cash, Conventional

Listing Terms VA Loan, FHA, Cash, Conventional

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Listed by The Charles Reinhart Company

NEARBY SCHOOL & BUSINESS

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Michael Readdy

+1(517) 748-1294

Agent License ID: 6501450346

1420 Pear Street Ann Arbor, MI 48105

Michael Readdy

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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1420 Pear Street