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Jessica A Wilson

jannewilsonrealtor@gmail.com +1(313) 399-5605

$ 2,575,000

Est. payment | -/mo

3,637 SqFt

Save

$ 2,575,000

Est. payment | -/mo

Save

3,637 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 3,637 sqft

Price per Sqft $708

MLS Listing ID 81026022524

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

Listed by Christopher Vessels of Metro Property Services

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(313) 399-5605

jannewilsonrealtor@gmail.com

6838 Park Ave, Allen Park, MI, 48101-2036, USA

Learn More About LPT Realty

1104 Packard ST Ann Arbor, MI 48104