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307 Packard St
Ann Arbor, MI 48104
MLS #5670566

Multi Family
  • 7units
Pending Sale $2,115,000
Est. P&I payment: $8077.87/mo
307 Packard St, Ann Arbor, MI 48104
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Description for 307 Packard St, Ann Arbor, MI 48104
University of Michigan student rental property with excellent central campus location. Single property with two buildings on the parcel, a building with six 2 bedroom units (307 Packard) and a 5+ bedroom house / 2.5 bathrooms (309 Packard) which a massive 3rd floor area that can house several people. Must be sold together as the property is one legal parcel. 307 Packard has three of the 6 units renovated, with upside on the 3 units that could be renovated. 309 Packard has been totally renovated and its always very quick to rent in the fall leasing season. Huge parking lot with ample property both buildings and laundry room in basement of 309 Packard that services both buildings. Opportunity to own both a building and a house with one purchase. Can also be sold along with 1919 Geddes as a portfolio. 307 Packard Monthly Rent $8991.00, 309 Packard Monthly Rent $5695.00. Current Certificate of Occupancy Expires 12/1/18.
MLS #5670566
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My Notes for MLS #5670566

General Features

  • Type: 1 to 4 Units
  • Est Year Built: 1963
  • Total Above Grade SqFt: 5,786
  • Estimated Acreage: 0.18
  • Total Number of Units: 7
  • Zoning: Other

Exterior Features

  • Lot Size: A

Utility Features

  • Water Selection: No Water Selection

Financial Features

  • Sale/Rent: For Sale
  • Summer Tax: 20,951
  • Winter Tax: 5,285
  • Total Tax: 26,236
  • Terms: Cash

Community Features

  • Area: 14-Washtenaw County
  • City: Ann Arbor
  • Township: ANN ARBOR CHARTER

School Features

  • School District: Ann Arbor

Miscellaneous Features

  • Manufactured: No

Location

 
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Directions to 307 Packard St, Ann Arbor, MI 48104
Packard between Fifth and Division
The listing information for 307 Packard St, Ann Arbor, MI 48104 was graciously provided by our friends at the listing brokerage, Cabrio Group LLC

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P&I Payment $8077.87
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty 1st's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty 1st, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/19/2018 at 4:08am
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