About 1104 Packard Street
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.
Features of 1104 Packard Street
| MLS® # | 81026047546 |
|---|---|
| Price | $2,367,000 |
| Acres | 0.00 |
| Year Built | 1920 |
| Type | ResidentialIncome |
| Sub-Type | MultiFamily |
| Status | Active |
Community Information
| Address | 1104 Packard Street |
|---|---|
| Area | Area04092AnnArbor |
| City | AnnArborCity_Washtenaw |
| County | Washtenaw |
| State | Michigan |
Amenities
| Utilities | CableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected |
|---|---|
| Parking | Concrete |
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Heating | ForcedAir, NaturalGas |
|---|---|
| Cooling | CentralAir |
| Fireplace | Yes |
Exterior
| Roof | Composition |
|---|---|
| Construction | VinylSiding |
School Information
| District | AnnArbor |
|---|---|
| High | AnnArbor |
Additional Information
| Zoning | Multi-Family |
|---|---|
| Foreclosure | Yes |
| Short Sale | Yes |
| RE / Bank Owned | Yes |
Listing Details
| Office | Metro Property Services |
|---|