Active

1104 Packard Street

Ann Arbor, Michigan 48104

$2,575,000 $10,856/Mo

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Overview

Bed

Bath

0.15

Acre(Lot)

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.

Property Details

Property Type : Multifamily

Price : $2,575,000

AD Id : 78715574

MLS Id : 81026022524

Beds : 8

Lot Size : 0.15 Acre

Year Built : 1920

County : Washtenaw

Map

What's Nearby

Nearby Areas

Features

Interior Features

Laundry Facility,Cable Available Roof: Composition
Heating & Cooling

Cooling: Central Air Heating: Forced Air Heating Fuel: Natural Gas

Building Information

Year Built: 1920 Total Units: 3 Roof: Composition
Utility Features

Sewer: Sewer (Sewer-Sanitary),Sewer at Street,Storm Drain
Water

Public (Municipal)

Lot Information

Lot Size: 0.15 Lot Dimensions: 50x130 Frontage Feet: 50
Property Information

Financing: Cash,Conventional

Listing Price Information

Original List Price: $2,575,000
Listing Information

Possession: Subject To Tenant Rights Legal Description: LOT 51 ASSESSORS PLAT NO 13

Tax Information

Annual Tax: $32,843 Parcel Number: 090933215025
Possession

Subject To Tenant Rights
Legal Information

Legal Description: Section: LOT 51 ASSESSORS PLAT NO 13

School Information

School District: Ann Arbor
Utility Information

Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary),Sewer at Street,Storm Drain

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
912 Mary Street , Ann Arbor, MI, 48104	$5,295,000	--	--	--
845 Brookwood Place , Ann Arbor, MI, 48104	$900,000	4	--	--
1136 Michigan Avenue , Ann Arbor, MI, 48104	$850,000	5	2	1,320	1,320 SqFt
1810 E Stadium Boulevard , Ann Arbor, MI, 48104	$590,000	3	--	--

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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 06/12/2026 @ 18:47

MLS: 81026022524 LISTED BY: Christopher Vessels , Metro Property Services 734-668-6686 SOURCE: Realcomp II Ltd