Off-Market Condo: 11 at 111 N Ashley St, Ann Arbor, MI, 48104
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111 N Ashley St, Ann Arbor, MI, 48104

- #611

$449,900

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $174 per day, based on similar listings in the area. Estimated short-term cap rate of -3.3%. One of the most sought-after 1 bed floorplans at 111 N Ashley! This well--designed condo features a spacious primary suite including a California Closet designed walk-in closet and private bath, along with a generous Den/Flex space, perfect for a sitting room, home office, formal dining, guest area or whatever you might envision! The expansive open living space features a well-appointed kitchen, eating area and great room. There's also a powder room for guest, enabling you to keep your primary bath private. The peaceful northern tree-line views from the 6th floor balcony are absolutely lovely all year round! You'll love the sleek wood flooring in the great room and the brand new carpet in the bedroom and flex room! This condo has also been freshly painted! As you might know, 111 N Ashley is just 1 block from Main Street and all that downtown Ann Arbor has to offer! There is nothing left for you to do... except move-in and enjoy the amazing downtown Ann Arbor lifestyle!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$385
Rental Policy
daily
Yearly Taxes
$15647
Bedrooms
1
Bathrooms
2
SQFT
934
Furnished
unknown
Year built
2007
Listing Status
Off Market
MLS
20240045897

Short-term Rental Potential
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$34,236

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$481

Price/SQFT