Courtesy of Metro Property Services, Christopher Vessels

1104 Packard Street, Ann Arbor, Michigan, 48104

$2,250,000
0.15 Acres
14 bd
#26047546
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. Property is scheduled to by Rezoned by the City of Ann Arbor to allow for Mixed Use Development with a potential height limit of 40ft.

PROPERTY FEATURES

  • Utilities : Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Sewer Available, Water Available
  • Water Source : Public
  • Sewer : Public Sewer
  • Parking Features: Concrete, Driveway
  • Parking Total: 8
  • Zoning Description : R4C
  • Cooling on Property:
  • Cooling: Central Air
  • Heating on Property:
  • Heating : Natural Gas, Forced Air
  • Construction Materials: Vinyl Siding
  • Roof: Composition
  • Road Surface Type: Paved
  • Basement Description : Full
  • Basement on Property:
  • Laundry Features : Laundry Room, In Unit
PROPERTY DETAILS
ID: 26047546
Status: Active
Price: $2,250,000
Acres: 0.15 Acres
Price Per Acre: $15,000,000
Type: Multi-family
Address: 1104 Packard Street
City, State: Ann Arbor, Michigan
County: Washtenaw
Zip Code: 48104
Lat/Long: 42.266464, -83.736229
Presented By: Christopher Vessels
Phone:
Email: Click to Contact