Address
1104 Packard Street, Ann Arbor, MI
Price
$ 2,367,000
Property Attributes
  • MLS#26047546
  • TypeMulti-Family
  • Listing Status Active
  • CountyWASHTENAW
  • CityAnn Arbor
  • AreaAnn Arbor
  • NeighborhoodAnn Arbor
  • Zip48104
  • Style2 to 4 Units
  • Year Built1920
  • Taxes$ 33624
  • Price$ 2,367,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.15 Acres
Data 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. Property is scheduled to by Rezoned by the City of Ann Arbor to allow for Mixed Use Development with a potential height limit of 40ft.

Price History
9/8/2026 Listed $2,367,000

General Features

Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Natural Gas Available,Electricity Available,Cable Available,Natural Gas Connected,Electricity Connected,Cable Connected,Storm Sewer
Possession Subject To Tenant Rights
Roof Composition
Construction Materials Vinyl Siding
Year Built 1920
Tenant Pays Electric,Gas
Township Ann Arbor
Property Subtype 2 to 4 Units
Tax Year 2025
OwnerPays Trash Collection,Water,Sewer
County Washtenaw
New Construction Yes
Property Type Multi Family
Attached Garage No
Status Active
City Ann Arbor
High School District Ann Arbor
Zoning Description R4C
Number Of Units Total 3
Lot Size Units Acres
Lot Size Square Feet 6534.0
Listing Terms Cash,Conventional
Land Lease Y/N No
Tax Annual Amount 33624.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Rent Control Y/N No
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 473847
MobileHomeRemainsYN No
Senior Community None

Interior Features

Basement Full
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Laundry Features In Unit

Exterior Features

Parking Features Concrete,Driveway
Total Parking 8.0
Lot Size Area 0.15
Number of Buildings 1
Spa No
Lot Dimensions 50x130
Lot Size Acres 0.15
Road Surface Type Paved
Waterfront Y/N No
Crops Included Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 48104

Price
AVG $1.91M
$2.37M
Taxes
AVG $29,972
$33,624
Year Built
AVG 1925
1920