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    120 Packard Street

    Ann Arbor, MI 48104
    • $2,100,000
    • STATUS: Active
    • ON SITE: 56 days
    • ID#: 543281473
    $2,100,000
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,244
      SQFT
    • $647
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1901
    County:
    Area:
    Lot Size Dimensions:
    66X245

    School Ratings & Info

    School District:

    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

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    © 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Keller Williams West Bloomfield are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-07-30T23:56:51.72.
    www.purchasemi.com/homes/117891588
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    120 Packard Street Ann Arbor, MI 48104

    • Price: $2,100,000
    • Status: Active
    • ID#: 543281473
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    3,244
    SQFT
    $647
    $/SQFT
    1901
    Built
    Neighborhood:
    Ann Arbor
    County:
    Washtenaw
    Area:
    Ann Arbor
    School District:
    ANN ARBOR
    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
    Exterior Features

    Foundation Details Slab Lot Size Dimensions 66X245 Parking Total 15 Waterfront YN No

    Interior Features

    Basement Type Daylight Basement YN Yes Baths Total 0.00 Interior Features Laundry Facility Room Count 0 Sq Ft Combined 3244 Sq Ft Lower Floor 3244 Sq Ft Source Builder/P Sq Ft Total Basement 1503 Unit Efficiency Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0

    Property Features

    Income Projection Actual Listing Financing CashConventional Monthly Rental Income 11550 Operating Expense 0.00 Ownership Status Private Owned Postal City Ann Arbor Settlement City Tax Amount Summer 19423.0000 Tax Amount Winter 5834.0000 Title Private - Owned Total Tax 25257.0000 Transaction Type Sale Unparsed Address 120 Packard St

    IDX provided courtesy of Realcomp II Ltd., via Metro Property Services and Ann Arbor Area BOR MLS, ©2021 Realcomp II Ltd. Shareholders.


    © 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Keller Williams West Bloomfield are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-07-30T23:56:51.72.
     
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    Farmington Hills MI, 48334