120 Packard St

Ann Arbor, MI 48104 View Map $2,100,000 Schedule a Tour
Acres0.37
The Perna Team

The Perna Team

(248) 221-1224

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Status: Active
Property Type:Vacant Land
MLS #:543282320
On Site:80 Days
Lot Size:0.37 Acres
County:Washtenaw
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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$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

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Community Information

Address:120 Packard St Ann Arbor, MI 48104
County:Washtenaw
School System:Ann Arbor
Zip Code:48104

Property Features

Lot Size: 0.37 Acres
Lot Dimensions:66x245
Road Frontage: Paved
Sewer: Sewer-Sanitary
Water: Community, Municipal Water
Directions:Southbound Main St to Packard St. Secord Drive on the South side.

Tax and Financial Info

Tax Amount Summer: $22,391
Tax Amount Winter: $5,834
Total Tax: $28,225

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120 Packard St Ann Arbor, MI 48104
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120 Packard St Ann Arbor, MI 48104
 
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Listing Information Last Updated 9/23/2021
Listing provided courtesy of Metro Property Services.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Keller Williams are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.