$1,440,000
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2,108 SqFt
SOLD DATE : 11/14/2025
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 2,108 sqft
Price per Sqft $592
MLS Listing ID 81025043367
Sold Date 11/14/25
Year Built 1930
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type MultiFamily
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!
Location
State MI
County Washtenaw
Area Area04092Annarbor
Rooms
Basement Full
Interior
Heating NaturalGas
Fireplace No
Laundry InUnit
Exterior
Parking Features Concrete
Community Features Sidewalks
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected
View Y/N No
Roof Type Composition
Building
Sewer PublicSewer, SewerAtStreet, StormDrain
Water Public
New Construction No
Schools
High Schools Annarbor
School District Annarbor
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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