$2,850,000

415 Benjamin Street

Ann Arbor, MI 48104

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Status: Sold

About this Home

Rare Opportunity to own this 10-unit brick apt bldg adjacent to UofM's south/athletic campus. This property presents a lucrative opportunity for investors seeking long-term returns. The property has three 1-BR units and seven 2-BR units. Each unit features a full-size kitchen w/ dishwasher, gas range refrigerator, and air conditioning unit. Some units recently renovated. All furnishings are included in sale. Tenants pay electric. Owner pays gas & water. There is 1 parking spot assigned per unit, and up to 6 add'l spaces. On-site rented washer and dryer. Long-term tenants are common. Super easy to step right in. All units are fully rented through 8/21/2025. Current Certificate of Compliance good through 7/23/26. Boiler Inspection good through 4/15/27. Metal roof with 50 year warranty

415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104
415 Benjamin Street, Ann Arbor, MI 48104

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Details
Location Property Info
County: Washtenaw
Street #: 415
Street Name: Benjamin
Suffix: Street
State: MI
Zip Code: 48104
OfficeContract Info
Status: Sold
Current Price: $2,850,000
List Price: $2,750,000
Listing Date: 2024-10-21
General Property Info
Lot Measurement: Acres
Lot Square Footage: 9757
Lot Acres: 0.22
Lot Dimensions: 74 x 132
Year Built: 1966
New Construction: No
Financial Available: Yes
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2026-07-23
Road Frontage: 74
Total # Units: 10
# of Diff Unit Floor Plans: 7
Total # Bldgs: 1
Total Parking Spaces: 16
Waterfront: No
School District: Ann Arbor
Tax Info
Tax ID #: 09-09-32-106-016
Taxable Value: 428256
SEV: 82810
For Tax Year: 2023
Seller's Annual Property Tax: 28831.56
Tax Year: 2023
Spec Assessment & Ty: N/A
Zoning: R4C
Remarks Misc
Directions: Main or State Streets to Hoover, then North on Division to Benjamin St.
Status Change Info
Under Contract Date: 2024-11-01
Sold Date: 2025-01-03
Sold Price: $2,850,000
Access Feat
Accessibility Features: No
Unit 1
Unit #: 1
Unit Description: Updated kit and bath
Identical Units: 4
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: Standard kit & bath
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: 2 BR ranch, new bath
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 5
Unit Description: Bi-Level 2BR w/ balc
Identical Units: 7
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 5
Unit #: 8
Unit Description: Bi-Level 2BR w/ balc
Identical Units: 10
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 6
Unit #: 6
Unit Description: 2BR lg Bi-Lev Updatd
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 7
Unit #: 9
Unit Description: 2BR Lg Bi-Lev Stand
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: Common Area; See Remarks
Exterior Material: Brick
Roofing: Metal
Substructure: Daylight; Slab
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available
Owner Pays: Gas; Sewer; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Baseboard; Hot Water; Radiant
Air Conditioning: Wall Unit(s)
Driveway: Asphalt; Paved
Street Type: Paved; Public
Terms Available: Cash; Conventional; Tax Def Exchange
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: A/C Unit; Dishwasher; Garb Disp; Range Oven; Refrigerator
Unit 2: A/C Unit; Dishwasher; Garb Disp; Range/Oven; Refrigerator
Unit 3: Range/Oven; A/C Unit; Dishwasher; Garb Disp; Refrigerator
Unit 4: A/C Unit; Deck/Patio; Dishwasher; Range/Oven; Refrigerator
Unit 5: A/C Unit; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator
Unit 6: A/C Unit; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator
Unit 7: Deck/Patio; Dishwasher; Garb Disp; Refrigerator; Range/Oven

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