The new condos that are being built near the Nichols Arboretum in Ann Arbor were getting their water hookups today and yesterday.  These units are in a really great location, close to downtown, campus, the medical center and the Arb.  Each unit has four parking spots, 4 bedrooms and three baths.  The asking price is $389,000.  If I do the math I see a great student rental investment.  Since it’s new you wouldn’t have a ton of maintenance.

If you have a kid going to the University of Michigan and can afford it, this might be a great way to lower your taxes by renting to your kid and his or her friends for four year.  Investing in rental property can be beneficial to your bottom line and I recommend you at least consider this option if you’re up for it.

These condos are being listed by Savarino Properties and more information about the Geddes Condo Units in Ann Arbor can be found on their site.

Fo more ann arbor real estate agent listings look in the directoryofannarbormi.com