MI > Washtenaw > Ann Arbor > 120 Packard Street

$2,100,000

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  • 0.37 Acres
  • MLS# 3282320
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248-304-6700

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248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.
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://my.matterport.com/show/?m=KHyezu1nHVV Apartment #2: https://my.matterport.com/show/?m=FRtiuFKwbdr

Property Information

Status
Active 
Address
120 Packard Street 
City
Ann Arbor 
Zip
48104 
Lot Size
16117.00 
Lot Dimensions:
66x245 
Zoning
R4C
Water
Community, Public 
Listing Date
07/05/2021 
County
Washtenaw 

School Information

School District
Ann Arbor 

Taxes

Summer Taxes
$22,390 
Winter Taxes
$5,834 
Association Fee
$0 

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  • Market Statistics
  • Property History
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  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
3282320 Active Jul 6 2021 3:40PM $2,100,000 31
3281473 Active Jun 4 2021 3:51AM $2,100,000 63
3263365 Sold Contingency Nov 22 2019 3:56PM $827,500 184
3263365 Contingency Active Sep 6 2019 1:41PM 184
3263365 Active Mar 6 2019 4:59PM $1,250,000 184
3259452 Withdrawn Active Nov 28 2018 10:40AM 108
3259452 Active Aug 13 2018 11:27AM $1,500,000 108
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

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Listing Courtesy of Metro Property Services
Office Address 124 West Summit

Real Estate One Family of Companies

120 Packard Street Ann Arbor
Contact us
$2,100,000
For Sale • Acres: 0.37 • School District: Ann Arbor