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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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1104 Packard St , Ann Arbor, MI 48104
$2,367,000
Est. Payment: $5,260.00/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 5
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House 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.

Highlights

Listed by Christopher Vessels , 734-649-2409 Metro Property Services , 734-668-6686.

Property Type

Multi-Family

Lot/Acreage
0.15

Year Built

1920

County

Washtenaw

School District

Ann Arbor

Listing ID

26047546

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Basement:Full

Exterior Features

Garage Capacity:8
Roof:Composition
Sewer:Public Sewer
Parking Features:Concrete,Driveway
Principal Interest
$5,260
Taxes
$2,802

Home Price

$2,367,000

Loan Details

30 yrs
%

Down Payment

20%
$473,400
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Monthly Price:
$5,260.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,260.00 $2,802.00 $0.00 $8,062.00
Yearly $63,120.00 $33,624.00 $0.00 $96,744.00
Total $1,893,600.00 $1,008,720.00 $0.00 $2,902,320.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Ann Arbor, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.