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Chollie Houghtaling

chollie@realtorsinmichigan.com +1(248) 764-0614

$2,575,000

Est. payment - /mo

6,534 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality Ann Arbor

MLS Listing ID 26022524

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 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

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

Direction Located on Packard between Dewey and Sylvan

Rooms

Basement Full

Interior

Heating Forced Air

Cooling Central Air

Laundry In Unit

Exterior

Parking Features Concrete, Driveway

Utilities Available Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 8

Building

Sewer Public Sewer

Structure Type Vinyl Siding

New Construction Yes

Schools

School District Ann Arbor

Others

Tax ID 09-09-33-215-025

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Metro Property Services

NEARBY SCHOOLS & PROPERTIES

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Chollie Houghtaling

+1(248) 764-0614

Broker | License ID: 431484

Broker License ID: 431484

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1104 Packard Street Ann Arbor, MI 48104

Chollie Houghtaling

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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1104 Packard Street