1516 Brooklyn Ave.

Property Description

Great Property! Introducing a unique investment opportunity at 1516 Brooklyn Ave., a charming multifamily property nestled in the heart of Ann Arbor. This well-maintained 1,987 sq ft building, constructed in 1926, offers an extraordinary blend of period architecture and modern potential, ideal for discerning investors seeking to capitalize on the area's strong rental demand. With a notable net operating income (NOI) of $300,000, this property presents a compelling cap rate opportunity in a vibrant market. Situated within close proximity to the University of Michigan and downtown Ann Arbor, this prime location provides effortless access to a bustling urban atmosphere, renowned restaurants, cultural attractions, and an influx of students and professionals. The area's thriving economy and robust employment landscape bolster tenant demand, ensuring consistent occupancy and rental income potential. Buyers will appreciate the merit of investing in a property poised for both appreciation and stability in a city celebrated for its education and innovation. Don’t miss this chance to own a piece of Ann Arbor's real estate landscape. 1516 Brooklyn Ave. is not just a property; it's a strategic investment poised for growth. Seize the opportunity to enhance your portfolio today!

Investment Highlights