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About This Home
This 14-bedroom, 0-bathroom residential multi family at 1104 Packard Street in Ann Arbor, MI is listed for $2,575,000. Built in 1920, on a 0.15 acres lot.
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.
Key Features
- Built in 1920
- 0.15 acre lot
- 8 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$13,772/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1104 Packard Street
Ann Arbor, MI 48104
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 14-bedroom, 0-bathroom residential multi family at 1104 Packard Street is listed at $2,575,000. The estimated monthly payment is $11,158 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.15 acre lot, 8 parking spaces.
This property is listed by Christopher Vessels and can be reached at 7346492409 or chvessels@gmail.com.