Asked by Sunny, Ann Arbor, MI • Thu Feb 16, 2012
I do a lot of work with rentals & renos in metro Detroit, and have 2 properties in Ann Arbor. Looking to start turning over some places and doing some rehabs in AA now, so I'm entertaining selling one or both and hope to find a realtor who understands income properties and rehab work to establish a relationship with going forward. If you reply with a multiple of net income and little else...you cannot provide value here.
I own 140 Hill, 2 units, 3x bedroom each. Taxes 8.5k, produces 3500/mo, large driveway, 2 bay garage, insures for 1300, ... and for hypotheticals, has new roof and mechanicals, updated plumbing, and is generally turn key.
Also 930 Woodlawn, 4 bedroom, 27k in renovations since purchase egress window for 5th bedroom, 2200/mo pre renovation.. improvements: new HWH, furnance a/c, windows, roof, interior/exterior paint, redone bathrooms, basically the whole thing is fresh and turnkey.
Real Estate in Ann Arbor
Popular Categories in Ann Arbor
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!