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Arbor One West 831 Green Rd 168 Unit Apartment Building For Sale Ypsilanti, MI 48198
Executive Summary
GREA is pleased to present the exclusive offering of Arbor One West, a 168-unit multifamily investment opportunity located in the highly desirable Ann Arbor/Ypsilanti submarket of Southeast Michigan.
Offered as part of a court-appointed receivership sale, Arbor One West presents investors with a rare opportunity to acquire a fully vacant asset with immediate lease-up and repositioning potential in one of Michigan’s strongest rental markets.
The property features an attractive mix of one-, two-, and three-bedroom floorplans and offers new ownership the ability to execute a comprehensive business plan f rom day one. Investors will have the opportunity to implement targeted interior and exterior improvements, establish professional on-site management, and lease the community into a market supported by strong renter demand and limited new multifamily supply.
Strategically positioned near major regional demand drivers including the University of Michigan, Eastern Michigan University, and the broader Ann Arbor healthcare and technology employment corridor, Arbor One West benefits f rom exceptional long-term market fundamentals. The property’s full vacancy creates a unique opportunity for investors to control the pace and strategy of lease-up while capitalizing on the continued strength of the Ann Arbor/Ypsilanti multifamily market.
*Receivership Disclosure*
Arbor One West is being offered for sale pursuant to a court-appointed receivership. The Receiver has been authorized to market and sell the property in accordance with applicable court procedures and oversight.
The property is being offered **strictly “as-is, where-is,” with all faults**, and **no representations or warranties**, expressed or implied, will be provided by the Receiver, the Court, or any affiliated parties, including but not limited to representations regarding the physical condition of the property, environmental matters, financial information, or compliance with applicable laws.
Any prospective purchaser will be required to conduct its own independent due diligence and rely solely on its own inspections, investigations, and analyses.
Full offering memorandum available at GREA.com
https://grea.com/properties/#/arbor-one-west
Offered as part of a court-appointed receivership sale, Arbor One West presents investors with a rare opportunity to acquire a fully vacant asset with immediate lease-up and repositioning potential in one of Michigan’s strongest rental markets.
The property features an attractive mix of one-, two-, and three-bedroom floorplans and offers new ownership the ability to execute a comprehensive business plan f rom day one. Investors will have the opportunity to implement targeted interior and exterior improvements, establish professional on-site management, and lease the community into a market supported by strong renter demand and limited new multifamily supply.
Strategically positioned near major regional demand drivers including the University of Michigan, Eastern Michigan University, and the broader Ann Arbor healthcare and technology employment corridor, Arbor One West benefits f rom exceptional long-term market fundamentals. The property’s full vacancy creates a unique opportunity for investors to control the pace and strategy of lease-up while capitalizing on the continued strength of the Ann Arbor/Ypsilanti multifamily market.
*Receivership Disclosure*
Arbor One West is being offered for sale pursuant to a court-appointed receivership. The Receiver has been authorized to market and sell the property in accordance with applicable court procedures and oversight.
The property is being offered **strictly “as-is, where-is,” with all faults**, and **no representations or warranties**, expressed or implied, will be provided by the Receiver, the Court, or any affiliated parties, including but not limited to representations regarding the physical condition of the property, environmental matters, financial information, or compliance with applicable laws.
Any prospective purchaser will be required to conduct its own independent due diligence and rely solely on its own inspections, investigations, and analyses.
Full offering memorandum available at GREA.com
https://grea.com/properties/#/arbor-one-west
Property Facts
| Sale Type | Investment | Lot Size | 11.47 AC |
| No. Units | 168 | Building Size | 168,720 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1972 |
| Building Class | C | Parking Ratio | 2.49/1,000 SF |
| Zoning | SPLIT | ||
| Sale Type | Investment |
| No. Units | 168 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 11.47 AC |
| Building Size | 168,720 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.49/1,000 SF |
| Zoning | SPLIT |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Window Coverings
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Furnished Units Available
- Package Service
- Storage Space
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 99 | - | 1,032 |
| 3+1.5 | 40 | - | 1,120 |
| 1+1 | 29 | - | 850 |
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Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 11-05-100-006 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $11,049,336 CAD |
Property Taxes
Parcel Number
11-05-100-006
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$11,049,336 CAD
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Arbor One West | 831 Green Rd
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