200 Packard St, Ann Arbor, Michigan 48104

$819,900
2,498
SqFt
List Price
$819,900
Ownership
Private Owned
MLS#
543263502
Status
ACTIVE

Property Description

Fantastic Downtown Location Between Central Campus and Main St! 2 Unit University of Michigan Student Rental Property located steps from University of Michigan Central Campus and One Block from Main Street in Downtown Ann Arbor. Just up the street from Fingerle Lumber property which is currently being purchased by University of Michigan for eventual development. Rental properties in this neighborhood almost never reach market. Unit 1 is 6 Large Bedrooms and 2 Bathrooms leased at $4650/mo through Fall 2020. Unit 2 is a 1 Bedroom 1 Bathroom unit currently leased at $1190/mo. Always fully rented, and downtown location will allow for significant rent increases in the coming years! Onsite Parking for at least 8 cars. Residents pay all utilities, and this property has future development potential. Property must be sold in conjunction with adjacent property at 510 S Fourth Ave.

Additional Information

Summer Taxes
8460
Winter Taxes
2439
Year Built
1901
No 1 Bedrooms
1
Acres
0.11
Lot Dimensions
48x100
School District
Ann Arbor
Interior Features
Laundry Facility

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Metro Property Services.

IDX provided courtesy of Realcomp II Ltd., via Real Estate Company and Ann Arbor Area Board of REALTORS®. Copyright 2019 Realcomp II Ltd. Shareholders. IDX information is provided exclusively 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 and that the data is deemed reliable but not guaranteed accurate by the MLS.