233 Collingwood Drive, Ann Arbor, MI 48103 (MLS# 26045677)

233 Collingwood Drive, Ann Arbor, MI 48103

New Listing

$705,000

Property Type: Multi Family Lot Size (sq. ft.): 8,712 Status: Active

Current Price: $705,000 List Date: 8/28/2026 Last Modified: 9/02/2026

Overview

Description

Discover an exceptional investment opportunity in the heart of Ann Arbor. This well-maintained 4-unit multifamily property offers a turnkey solution for investors looking to capitalize on the thriving Ann Arbor rental market. With strong demand in the area, this property is currently fully occupied, providing immediate cash flow and enduring value for your portfolio. The building configuration features a versatile unit mix, including two 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. The property has been well-cared for, highlighted by a newer roof that includes a transferable warranty, offering peace of mind for future ownership. Tenants will appreciate the convenience of the large, private parking lot in the rear, providing ample off-street parking—a highly sought-after amenity in the Ann Arbor area. Located in a prime location, this property offers proximity to the University of Michigan, downtown Ann Arbor's vibrant dining and entertainment scene.

Listing Details MLS# 26045677

Location Property Info

County: Washtenaw
Street #: 233
Street Name: Collingwood
Suffix: Drive
State: MI
Zip Code: 48103
Zip (4): 3880

General Property Info

Lot Measurement: Acres
Lot Square Footage: 8712
Lot Acres: 0.2
Lot Dimensions: 75x117
Year Built: 1962
New Construction: No
Cert of Compliance: Yes
Road Frontage: 75
Total # Units: 4
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total Parking Spaces: 6
Waterfront: No
School District: Ann Arbor
Association YN: No
Basement: Yes

Tax Info

Tax ID #: 09-09-30-210-009
Taxable Value: 199735
SEV: 227200
For Tax Year: 2025
Seller's Annual Property Tax: 13802
Tax Year: 2025
Zoning: TC1
Homestead %: 0
Spec Assessment & Ty: No

Access Feat

Accessibility Features: No

Income and Expenses

Gross Op. Inc.: 59880

More Information

Unit 1

Unit #: Yes
Unit Description: lower
Occupied: Yes
Monthly Rent: 1100
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Central Air: Yes

Unit 2

Unit #: 2
Unit Description: upstairs
Occupied: Yes
Monthly Rent: 1375
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Central Air: Yes

Unit 3

Unit #: 3
Unit Description: lower unit
Identical Units: Yes
Occupied: Yes
Monthly Rent: 1140
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Central Air: Yes

Unit 4

Unit #: 4
Unit Description: upper
Identical Units: 2
Occupied: Yes
Monthly Rent: 1375
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Central Air: Yes

Location & Property Info

Cross Streets: shelby and collingwood
Property Sub-Type: 2 to 4 Units
Municipality: Ann Arbor
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale

Remarks & Misc

Public Remarks: Discover an exceptional investment opportunity in the heart of Ann Arbor. This well-maintained 4-unit multifamily property offers a turnkey solution for investors looking to capitalize on the thriving Ann Arbor rental market. With strong demand in the area, this property is currently fully occupied, providing immediate cash flow and enduring value for your portfolio. The building configuration features a versatile unit mix, including two 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. The property has been well-cared for, highlighted by a newer roof that includes a transferable warranty, offering peace of mind for future ownership. Tenants will appreciate the convenience of the large, private parking lot in the rear, providing ample off-street parking—a highly sought-after amenity in the Ann Arbor area. Located in a prime location, this property offers proximity to the University of Michigan, downtown Ann Arbor's vibrant dining and entertainment scene.
Legal: S 1/2 LOT 28 & ALL LOT 29 BOULEVARD HEIGHTS

Street Type

Paved: Yes

Util Avail at Street

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Phone Available: Yes
Public Sewer: Yes
Public Water: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Mineral Rights

No: Yes

Exterior Material

Brick: Yes

Assoc. Fee Incl.

None: Yes

Roofing

Other: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Driveway

Asphalt: Yes

Substructure

Other: Yes

Owner Pays

Sewer: Yes
Water: Yes

Possession

Close Of Escrow: Yes

Property Features

Exterior Material: Brick Roofing: Other Substructure: Other Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water Owner Pays: Sewer; Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Asphalt Street Type: Paved Mineral Rights: No Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None Unit 1: A/C Unit; Central Air Unit 2: A/C Unit; Central Air Unit 3: A/C Unit; Central Air Unit 4: A/C Unit; Central Air

Listing Office: Cornerstone Real Estate

Listing Agent: Donald Wurtzel

Last Updated: September - 02 - 2026

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