The Ravines of Ann Arbor Condominiums

Multi-Family for Sale
Catylist Listing ID: 30375198
Number of Units: 7 Units
Building Size (RSF): 13,842 SF
Gross Building Area: See Agent
Gross Land Area: 0.60 Acres
Sale Price: $4,000,000
Unit Price: $571,428.57 Per Unit
Property Use Type: Investment
Building Name: The Ravines Of Ann Arbor
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/10/2019

Overview / Comments

Great opportunity to own The Ravines of Ann Arbor condominium! Superb location close to downtown Ann Arbor, U of M, public transportation, highways, local schools & shopping.

7 units total, all currently rented, plenty of park, shared green space. Beautifully maintained with great amenities and features.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Ann Arbor
Tax ID/APN: 09-09-29-203-019, 09-09-29-203-020, 09-09-29-203-021, 09-09-29-203-022, 09-09-29-203-023, 09-09-29-203-024, 09-09-29-203-025
Zoning: R4C
Percent Occupied: 100%
Property Located Between: Between Seventh and Eighth Street on north side of W Huron Street
Highway Access: M-14 & I-94
Airports: A2 Municipal Airport, Willow Run Airport & Detroit Metro Airport
Area Description: Residential neighborhood close to downtown A2, U of M, shopping and schools.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 2006
Roof Type: Gable
Construction/Siding: Brick, Wood Siding
Exterior Description: Separate entrances,attached garages w/storage unit, brick paver walk-ways, raised beds, patios & balcony's, green space in rear exterior with shared patio space. Surrounded by residential homes.
Parking Type: Surface
Parking Description: Attached garages. Rear parking spaces.
Total Parking Spaces: 18
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Beautiful amenities, including hardwood floors, granite c-tops, SS appls & more.
Zoning Description: The R4C multiple-family dwelling district is intended to be located in the central area of the city, in close proximity to the central business district and The University of Michigan Campus.
Lot Frontage: 139.71
Lot Depth: 237.27
Water Service: Municipal
Sewer Type: Municipal
Easements Description: provided with title commitment
Land Ownership: owned
Legal Description: The Ravines of Ann Arbor

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,672 104,423 152,679
Median Age: 33.55 33.33 34.41
Households: 11,956 42,066 63,109


Photograph of Listing Agent

James H. Chaconas

Colliers International
CPIX Member
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