This duplex is in a great location in Lower Burns Park, within walking distance of U of M's Central Campus, The Big House, University athletic fields, and Downtown Ann Arbor. The home has been family owned for 35+ years and is a great investment opportunity, currently leased through August 2019 but could be perfect for an owner occupant, student rental, or has the potential to be converted back to a single-family home. The home currently has two units, a 3 bedroom, 1 bathroom unit that offers a main level living space with bedrooms upstairs, plus a main level studio-style unit, each with individually metered utilities. The home has hardwood floors throughout and features updated bathrooms, a fenced yard, and a detached 2-car garage, with a divided basement that is perfect for storage and laundry. Additional highlights include new hot water heater, newer furnace, roof, windows, gutters, siding. Tenant pays electric, landlord pays heat and water.
This $375,000 property has approximately 1,435 square feet and was built in 1928. This home is located in the Ann Arbor school district. Properties located in the Ann Arbor district have an average price per square foot of $209/SqFt. Houses with similar square footage range in price from $230,000 to $530,000 and have an average price per square foot of $278/SqFt. The average priced home in 48104 with 4 bedrooms is $709,790. Depending on where you live in Ann Arbor your children and/or teenagers may go to the Ann Arbor school district, or Saline school district. 921 Woodlawn Ave has property taxes in the amount of $7,195, which are assessed as non-homestead because the home is considered a second home for the owner and/or not occupied by the primary owner. The property taxes will be lowered if you purchase this property, occupy it as your primary residence and file the homestead exemption form.
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Dishwasher, Dryer, Refrigerator, Stove, Washing Machine
E of State, SW off Packard on Woodlawn
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