7
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$2,367,000
Est. payment /mo
3,637 SqFt
New
1104 Packard ST Ann Arbor, MI 48104
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 3,637 sqft
Price per Sqft $650
MLS Listing ID 81026047546
Year Built 1920
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type MultiFamily
Property Description
Location Location Location! Beautifully renovated 3 Unit University of Michigan Student Rental Property located steps from University of Michigan's Central Campus and Athletic Campus. 14 Bedrooms and 7 Bathrooms total between all units, the property was fully renovated in 2023 with high end finishes and features throughout which will allow an Owner to continue increasing rents 3-5% each and every leasing cycle. Granite Countertops, Stainless Steel Appliances, Washer & Dryer in each unit, Central A/C. Vaulted Beds, Glass Top Desks, and Microfiber Couches included with the property, 2026-2027 scheduled revenue of $195,600. Must sell as a package with the adjacent property at 1102 Packard. Both properties are scheduled to by Rezoned by the City of Ann Arbor to allow for Mixed Use Development with a potential height limit of 40ft.
Location
State MI
County Washtenaw
Area Area04092Annarbor
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Laundry InUnit
Exterior
Parking Features Concrete
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected
View Y/N No
Roof Type Composition
Building
Sewer Public Sewer, Sewer At Street, Storm Drain
Water Public
New Construction Yes
Schools
School District Ann Arbor
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Christopher Vessels of Metro Property Services
NEARBY SCHOOL & BUSINESS
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