$2,575,000
Ann Arbor, MI 48104
MLS# 26022524
1 / 7
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.
Details
Maps
Location & Property Info
Cross Streets: Sylvan & E University
Property Sub-Type: 2 to 4 Units
Municipality: Ann Arbor
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 708
General Property Info
New Construction: Yes
Construction Status: Completed
Lot Dimensions: 50x130
Road Frontage: 50
Waterfront: No
Basement: Yes
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 3637
Total Parking Spaces: 8
School District: Ann Arbor
Lot Measurement: Acres
Lot Square Footage: 6534
Lot Acres: 0.15
Year Built: 1920
Tax Info
Taxable Value: 473847
SEV: 483300
For Tax Year: 2025
Seller's Annual Property Tax: 32843
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: -
Zoning: R4C
Tax ID #: 09-09-33-215-025
Remarks & Misc
Public Remarks: 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.
Legal: LOT 51 ASSESSORS PLAT NO 13
Street Type
Paved: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Storm Sewer: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Laundry Features
In Unit: 1
Exterior Material
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Concrete: 1
Substructure
Full: 1
Extras
Sep Electric Meter: 1
Sep Gas Meter: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit Description: Unit #1
Occupied: Yes
Bedrooms: 4
Bathrooms: 2
Full Baths: 2
A/C Unit: 1
Central Air: 1
Dishwasher: 1
Garb Disp: 1
Range Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Washer/Dryer: 1
Unit 2
Unit Description: Unit #2
Occupied: Yes
Bedrooms: 4
Bathrooms: 2
Full Baths: 2
A/C Unit: 1
Central Air: 1
Deck/Patio: 1
Dishwasher: 1
Garb Disp: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Washer/Dryer: 1
Unit 3
Unit Description: Unit #3
Occupied: Yes
Bedrooms: 6
Bathrooms: 3
Full Baths: 3
Range/Oven: 1
A/C Unit: 1
Central Air: 1
Deck/Patio: 1
Dishwasher: 1
Garb Disp: 1
Refrigerator: 1
Sep. Heat System: 1
Washer/Dryer: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Washtenaw
Street #: 1104
Street Name: Packard
Suffix: Street
State: MI
Zip Code: 48104
Zip (4): 3846
OfficeContract Info
Status: Active
Current Price: $2,575,000
List Price: $2,575,000
Listing Date: 2026-05-15
Remarks Misc
Directions: Located on Packard between Dewey and Sylvan
Property Features
Laundry Features: In Unit
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Public Sewer; Public Water; Storm Sewer
Extras: Sep Electric Meter; Sep Gas Meter
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Concrete
Street Type: Paved
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: A/C Unit; Central Air; Dishwasher; Garb Disp; Range Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Unit 2: A/C Unit; Central Air; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Unit 3: Range/Oven; A/C Unit; Central Air; Deck/Patio; Dishwasher; Garb Disp; Refrigerator; Sep. Heat System; Washer/Dryer
Listing Office: Metro Property Services
Listing Agent: Christopher Vessels
Last Updated: May - 22 - 2026
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