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$ 2,575,000
Est. payment | /mo
3,637 SqFt
$ 2,575,000
Est. payment | /mo
3,637 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,637 sqft
Price per Sqft $708
Subdivision Mi
MLS Listing ID 70532212
Year Built 1920
Annual Tax Amount $32,843
Tax Year 2025
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 50x130
Property Sub-Type Multi-Family
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 Ann Arbor (81021)
Interior
Heating Forced Air
Exterior
Exterior Feature Vinyl Siding
Building
Foundation Basement
Structure Type Vinyl Siding
Schools
School District Ann Arbor Public Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional
Virtual Tour https://my.matterport.com/show/?m=gr8b1pn6p82
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Listed by Metro Property Services
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Mitchell Allen
Founder & CEO | Associate Broker | Lic# 6506049428