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1108 Packard St, Ann Arbor, MI 48104

$1,250,000

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Sold Price: $1,250,000
List Price: $1,440,000
Closing Date: Nov 14, 2025
MLS#: 81025043367
Status: CLOSED

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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!

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Additional Information

Year Built: 1930
Basement Type: Full
Acres: 0.16
Acres: 0.16
School District: Ann Arbor
Heating: Natural Gas
Garage Description: Paved