1102 Packard Street, Ann Arbor, MI 48104

$1,132,500
6
BD
2
BA
2,217
SqFt

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List Price
$1,132,500
Days on Market
3
MLS#
26047545
Status
ACTIVE
Type
Single Family Residential
Bedrooms
6
Bathrooms
2
Full-baths
1
Half-baths
1
Living Area
2,217

Property Description

Location Location Location! 6 Bedroom University of Michigan Student Rental Property located steps from University of Michigan's Central Campus and Athletic Campus. Large Bedrooms, Hardwood Flooring in common areas, and always rented with 3-5% rent increases every year. New Kitchen and Bathroom in the Basement, with opportunity to turn this into a separate unit in the future. Garage can also be renovated into an ADU with City of Ann Arbor approval. 2026-2027 scheduled revenue of $93,600. Must sell as a package with the adjacent property at 1104 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. HERD score of 1, Download report at Ann Arbor herdmap

Additional Information

Taxes
$19,005
Acres
0.14
Appliances
Refrigerator, Microwave, Dishwasher, Disposal, Dryer, Washer
Basement
Walk-Out Access
Garage
Yes
Heating
Forced Air
Roofing
Composition
School District
Ann Arbor
Stories
3
Utilities
Cable Connected, Natural Gas Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
Water
Public

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Christopher Vessels from Listing Office: Metro Property Services.

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