Ann Arbor, MI
2050 Sqft, 0.06 Acres
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.
Property Summary : Located in Ann Arbor in the 48104 zip code, this home was built in 1901 and is 2,498 square feet with Unknown bedrooms and 0 bathrooms on 0.11 acres. It has been on the market for 13 days with an original listing price of $819,900. 200 Packard St is part of the Ann Arbor School District.
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