Alex Perlman, Associate Director at Oxford Companies has brokered the purchase of two residential properties, Ann Arbor rental houses on the west side, totaling $2.47 million. The properties, located at 1484 West Liberty and 1540 Siller Terrace combine for 16 residential units/ 34 beds. These units were built by the family who owns the longstanding Ann Arbor hardware store, Stadium Hardware, located on W. Stadium Blvd. This marks the first time they have switched ownership. Oxford has also been hired on as the real estate property management.

Perlman stated-

“Oxford Commercial rental property was able to leverage an existing client’s interest in the Ann Arbor market. We not only facilitated the transaction, but secured the financing from Ann Arbor State Bank. This deal continues to show the full-service approach of Oxford, who also continues to have one of the largest west side residential portfolios in this highly competitive market. We want to remind the public that Oxford rental property assists owners in buying income generating properties in Ann Arbor. We encourage anyone to contact us if they have properties to sell, or if they are interested in buying in Ann Arbor.”

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