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$ 1,525,000
Est. payment | /mo
2,108 SqFt
$ 1,525,000
Est. payment | /mo
2,108 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,108 sqft
Price per Sqft $723
Subdivision Mi
MLS Listing ID 70490018
Year Built 1930
Annual Tax Amount $16,869
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 82x66
Property Sub-Type Multi-Family
Property Description
Priced to sell! We are proud to present 1108 Packard, which is a fantastic 3 Unit 10 Bedroom University of Michigan Student Rental property only available for sale as a package with the property next door at 943 Dewey Ave. Priced for a quick sale at only a 12.18x GRM, this Property consists of 3 newly-renovated units, with stylish finishes, Stainless Steel Appliances, High Efficiency HVAC, Granite Countertops and High Efficiency Washer/Dryer. All Furnishings Included, and this package of amenities will ensure steady rental rate increases for your entire ownership of the property. Newly poured concrete parking area has space for 10-12 cars between the two properties, which allow for an additional $10-12k per year in future revenue. 1108 Packard has annual rental income of $125,100 for 2025-2026. Please contact me for more information or to schedule a showing. Will not last long!
Location
State MI
County Washtenaw
Area Ann Arbor (81021)
Exterior
Exterior Feature Vinyl Siding
Building
Lot Description Sidewalks
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=xhDNpw4eAM8
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Listed by Metro Property Services
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