1420 Pear Street

About this home

Super opportunity for investors or owner/occupants! Ann Arbor Mid-Century Modern duplex with one of the best locations in town, and a consistent rental history of longer-term tenants. Walking/biking distance to hospitals, both UM campuses, downtown, Kerrytown, Amtrak station, bus lines, new Lowertown park, restaurants, shops, Argo canoe livery & Cascades, Border to Border Trail & Huron River parks. 1800 sq ft total, each attractive, bright unit is 900 sq ft, 2 bedrooms, 1 bath, with in-unit laundry. Kitchens & baths are updated with ceramic tile floors, dishwashers, disposals. Units have easy maintenance, high-quality laminate flooring, ceiling fans, mini-splits for A/C. Upstairs unit features beautiful wood beamed ceilings. Both units have a wall of windows in the living room, large closets. Additional large storage building and covered attached carport space for each unit, plus more parking on site and on street. Backyard patio. New roof in 2020, water heaters in 2021...Current gross rental income is $46,470/yr. Projected gross rental income $60,000/year. Unit 1 leased thru June 2027 and Unit 2 leased thru June 2028. Certificate of Compliance good until Aug 2030. Tenants pay electric & cooking gas, metered separately. Home Energy Score Exempt. Agent is owner. Call 678-1889 with any questions or to schedule showing. Do not disturb tenants or walk property without permission.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Ann Arbor

Over the last 90 days, 328 homes sold in Ann Arbor for a median of $469,500, about $244 per square foot, and the typical one went under contract in 18 days. This home is listed at $800,000, and has been on the market 0 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Ann Arbor sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $7,482 a year. A buyer who lives here would pay about $5,759 to $21,277 a year once the taxable value resets after the sale, at the 2025 homestead rate of 52.67 mills for Ann Arbor City and Ann Arbor schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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