$1,250,000
Ann Arbor, MI 48104
MLS# 25043367
Status: Sold
1 / 5
Property Description
Priced to sell! We are proud to present 1108 Packard, which is a fantastic 3 Unit 10 Bedroom University of Michigan Student Rental property only available for sale as a package with the property next door at 943 Dewey Ave. Priced for a quick sale at only a 11.5x GRM, this Property consists of 3 newly-renovated units, with stylish finishes, Stainless Steel Appliances, High Efficiency HVAC, Granite Countertops and High Efficiency Washer/Dryer. All Furnishings Included, and this package of amenities will ensure steady rental rate increases for your entire ownership of the property. Newly poured concrete parking area has space for 10-12 cars between the two properties, which allow for an additional $10-12k per year in future revenue. 1108 Packard has annual rental income of $125,100 for 2025-2026. Please contact me for more information or to schedule a showing. Will not last long!
Details
Maps
Location Property Info
County: Washtenaw
Street #: 1108
Street Name: Packard
Suffix: Street
State: MI
Zip Code: 48104
Zip (4): 3876
Area: Ann Arbor/Washtenaw - A
OfficeContract Info
Status: Sold
Current Price: $1,250,000
List Price: $1,440,000
Listing Date: 2025-08-25
General Property Info
Lot Measurement: Acres
Lot Square Footage: 6970
Lot Acres: 0.16
Lot Dimensions: 82x66
Year Built: 1930
New Construction: No
Cert of Compliance: Yes
Road Frontage: 57
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 2108
Total Parking Spaces: 10
Waterfront: No
School District: Ann Arbor
Tax Info
Tax ID #: 09-09-33-215-023
Taxable Value: 247903
SEV: 279600
For Tax Year: 2024
Seller's Annual Property Tax: 16869
Tax Year: 2024
Zoning: R4C
Remarks Misc
Directions: Packard near Dewey
Status Change Info
Under Contract Date: 2025-10-13
Sold Date: 2025-11-14
Sold Price: $1,250,000
Sold Price/SqFt: 592.98
Access Feat
Accessibility Features: No
Unit 1
Unit #: 1
Unit Description: 1
Bedrooms: 3
Bathrooms: 3
Full Baths: 3
Unit 2
Unit #: 2
Unit Description: 2
Bedrooms: 4
Bathrooms: 2
Full Baths: 2
Unit 3
Unit #: 3
Unit Description: 3
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: In Unit
Exterior Material: Block; Vinyl Siding
Roofing: Composition
Substructure: Full
Lot Description: Sidewalk
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
Owner Pays: Trash Collection; Water
Tenant Pays: Electric; Gas; Sewer
Heat Source: Natural Gas
Heat Type: Mini-Split
Air Conditioning: Mini-Split
Driveway: Concrete
Street Type: Paved
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: Central Air; Dishwasher; Garb Disp; Range Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Unit 2: A/C Unit; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Unit 3: Range/Oven; A/C Unit; Deck/Patio; Dishwasher; Garb Disp; Refrigerator; Sep. Heat System; Washer/Dryer
Listing Office: Metro Property Services
Listing Agent: Christopher Vessels
Last Updated: November - 16 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. 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.
