Student Housing Portfolio - 609 S 5th Ave, Ann Arbor, MI 48104

Established 100% leased for 2021-2022 student housing property portfolio for sale: 609 S Fifth Ave (1 building), and 316 E Madison Street (2 buildings). Properties are adjacent and can be combined for redevelopment or continue as high income-producing investment property. Zoning is R4C, permitted use table attached.

Prime location; walking distance to the Central Campus, Yost Ice Arena, Michigan Stadium, and the Crisler Center.

609 S Fifth Ave: 3-story property built in 1999 with 5,166 SF. It offers six 1,735 SF two-bedroom, two-bath units, and one 1,625 two-bedroom, one-bath unit.

316 E Madison Street: Two 2-story properties built in 1963 with 14,904 SF. Combined, the buildings offer 24 units with 2 one-bedroom, 1 bath units, and 22 two-bedroom, one-bath units.

Well maintained with plenty of parking.