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Sold for $1,030,000
  • $1,030,000

    1106 S Forest Ave, Ann Arbor, MI 48104

    6beds
    2,105sqft
    Multi Family
    Built in 1922
    -- sqft lot
    $1,079,500 Zestimate®
    $489/sqft
    $6,242 Estimated rent

    Home value

    $1,079,500

    $1.01M - $1.14M

    $6,242/mo

    Zestimate® history
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    $6,242/mo

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    $6,761/mo

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    $6,761/mo

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    What's special

    Welcome to your ideal UMich student housing opportunity in the heart of Ann Arbor, Michigan. This multifamily home features 2 units, with 2 bedrooms in the lower level and 6 bedrooms on the upper level, is a prime investment for those looking to cater to the high demand for student housing in this vibrant city. With a City of Ann Arbor rental certificate issued in August 2022, you can rest assured that you're in compliance with all local regulations. With the capacity to lease to up to 6 tenants per city regulations, this property boasts ample space for a comfortable and communal living experience. Ideal for UMich students, the property comes furnished with beds and desks, ensuring a hassle-free move-in for your tenants. This property currently rents for $7,500 per month, making it a lucrative investment that's sure to provide a consistent and attractive return. Recent updates includes, new roof in 2023, a new foundation in 2022, a new driveway in 2022, and a new garage door in 2020, this property is not only student-friendly but also low maintenance, ensuring peace of mind for you as the owner. The large basement provides ample storage space for tenants, allowing them to keep their living areas clutter-free. A garage is included for convenient and secure parking. Enjoy the Michigan seasons on two back patios—one on the first floor and another on the second floor—providing plenty of outdoor space for relaxation and gatherings. Situated in the vibrant city of Ann Arbor, this multifamily home is in close proximity to the University of Michigan campus, shopping, dining, and all the cultural attractions this charming city has to offer. Don't miss out on this chance to own a sought-after piece of Ann Arbor real estate in a prime location. Contact us today to schedule a viewing and seize this excellent investment opportunity.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kirk Weber 248-937-1337,

    EXP Z Real Estate

    Bought with:

    David McNamara

    Foxway Realty

    Source: Realcomp II,MLS#: 20230072639MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced Air, Natural Gas
    Features
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,105 sqft
    • Finished area above ground: 2,105

    Property

    Parking
    • Total spaces: 6
    • Parking features: Two Car Garage
    • Garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 6,534 Square Feet
    • Dimensions: 50.00 x 137.00
    Details
    • Parcel number: 090933235009
    • Zoning description: MultiFamily
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Basement, Poured
    Condition
    • New construction: No
    • Year built: 1922

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: MILLERS ADD - ANN ARBOR
    Location
    • Region: Ann Arbor

    Financial & listing details

    • Price per square foot: $489/sqft
    • Tax assessed value: $298,500
    • Annual tax amount: $19,813
    • Date on market: 8/30/2023
    • Cumulative days on market: 8 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    9/22/2023Sold$1,030,000-6.4%$489/sqft
    Source: Realcomp II #20230072639 Report a problem
    9/11/2023Listing removed--
    Source: Zillow Rentals Report a problem
    9/5/2023Pending sale$1,100,000$523/sqft
    Source: Realcomp II #20230073359 Report a problem
    8/30/2023Listed for sale$1,100,000+14%$523/sqft
    Source: Realcomp II #20230072639 Report a problem
    8/11/2023Price change$6,500-18.8%$3/sqft
    Source: Zillow Rentals Report a problem
    4/3/2023Listed for rent$8,000+14.3%$4/sqft
    Source: Zillow Rentals Report a problem
    3/18/2020Sold$965,000-2%$458/sqft
    Source: Agent Provided Report a problem
    3/14/2020Pending sale$985,000$468/sqft
    Source: Metro Property Services #3264569 Report a problem
    11/22/2019Price change$985,000-0.5%$468/sqft
    Source: Metro Property Services #3264569 Report a problem
    5/15/2019Price change$989,9000%$470/sqft
    Source: Metro Property Services #3264569 Report a problem
    4/17/2019Listed for sale$990,000+130.2%$470/sqft
    Source: Metro Property Services #3264569 Report a problem
    9/21/2018Listing removed$7,000$3/sqft
    Source: Michigan Rental Report a problem
    9/11/2018Listed for rent$7,000+2.9%$3/sqft
    Source: Michigan Rental Report a problem
    9/15/2017Listing removed$6,800$3/sqft
    Source: Michigan Rental Report a problem
    9/7/2017Price change$6,800-5.6%$3/sqft
    Source: Michigan Rental Report a problem
    9/1/2017Listed for rent$7,200+20%$3/sqft
    Source: Michigan Rental Report a problem
    9/17/2016Listing removed$6,000+4.3%$3/sqft
    Source: Michigan Rental Report a problem
    9/17/2015Listing removed$5,750$3/sqft
    Source: Michigan Rental Report a problem
    9/4/2015Listed for rent$5,750+2.7%$3/sqft
    Source: Michigan Rental Report a problem
    9/25/2014Listing removed$5,600$3/sqft
    Source: Michigan Rental Report a problem
    9/15/2014Listed for rent$5,600+7.7%$3/sqft
    Source: Michigan Rental Report a problem
    10/20/2012Listing removed$5,200$2/sqft
    Source: Michigan Rental Report a problem
    9/12/2012Listed for rent$5,200$2/sqft
    Source: Michigan Rental Report a problem
    12/5/2011Sold$430,000$204/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$23,809 $361,000 +5.3%
    2024-- $342,700 +32.4%
    2023-- $258,800 -13.3%
    2022-- $298,500 -1.5%
    2021-- $303,100 +3.4%
    2020$14,283 $293,000 -1.6%
    2019-- $297,800 +5%
    2018-- $283,600 +11.4%
    2017$12,565 $254,500 +25.3%
    2016$12,565 +4.3%$203,064 -17%
    2015$12,049 $244,800 +24.8%
    2014$12,049 $196,131
    2013$12,049 $196,131 +2.4%
    2012-- $191,535 +2.7%
    2011-- $186,500 +2.9%
    2010-- $181,200 +49.8%
    2009-- $120,959 +4.4%
    2008-- $115,862 +2.3%
    2007-- $113,258 -43.1%
    2005-- $199,100 +6.6%
    2004-- $186,700 +13.8%
    2003-- $164,000 +10.7%
    2002$5,570 +51.3%$148,200 +13.3%
    2001$3,681 +2.3%$130,800 +11.7%
    2000$3,597 $117,100 +24.2%
    1999-- $94,300
    Find assessor info on the county website

    Neighborhood: Burns Park

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,079,500
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    Estimated market value
    $1,079,500