Address
120 Packard Street Ann Arbor, MI
Price
$ 2,100,000
Property Attributes
  • ID#543281473
  • TypeMulti-Family
  • CountyWASHTENAW
  • CityAnn Arbor
  • AreaAnn Arbor
  • Zip48104
  • StyleMultifamily
  • Year Built1901
  • Taxes$ 25257
  • Price$ 2,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3244
  • Lot Size0.37 Acres
Listing Provided Courtesy Of:
Metro Property Services
Data Source:
REALCOMP II LTD.
Property Description

Prime Downtown Ann Arbor Rental and Development Property! Steps from Main St, and sits on a Conforming 0.37 Acre Lot which can be developed into at least 7 Upscale Condominiums! House currently is a beautiful fully-renovated Duplex, consisting of 2-6 Bedroom 6.5 Bathroom Units. Unit #1 is leased for 2021-22 at $6150 per month, and Unit #2 is leased at $5400 per month. Entire property was fully renovated in 2020 with modern finishes and amenities demanded by sophisticated Students and modern Downtown residents. Additional Unit can be added in the basement with City of Ann Arbor approval. Opportunity to significantly increase future Revenue for the property by maximizing Lease and Parking income! Large Parking area behind the house has potential for at least 15 Spaces with $200/mo Market rents for Spaces in this location. Washer/Dryer and Furnishings included in the Sale. Central A/C with High-Efficiency Furnace. Virtual Tour of Interior Units: Apartment #1: https

Price History
6/4/2021 Listed $2,100,000

General Features

Basement Type Daylight
Cumulative Days on Market 7
Listing Agent Public Id 540471505780
Operating Expense 0.00
Ownership Status Private Owned
Parcel Number 090929430014
Parking Total 15
Property Type Multifamily
School District Ann Arbor
Status Active
Terms Offered Cash, Conventional
Total Sq Ft 3244
Transaction Type Sale
Year Built 1901

Interior Features

Basement Y/N Yes
Interior Features Laundry Facility
Total Baths 0.00
Total Units 2

Exterior Features

Foundation Slab
Lot Size Area 0.37
Lot Size Dimensions 66x245

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


IDX provided courtesy of Realcomp II Ltd., via and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of June 12, 2021 4:41 PM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Multi-Family Average in 48104

Price
AVG $1.17M
$2.1M
Taxes
AVG $13,132
$25,257
Visits
AVG 92
26
Year Built
AVG 1912
1901
Walkscore
AVG 88
94
Data Provided by Walkscore ® not using MLS data