200 Packard St

    Ann Arbor, MI 48104
    • $820,000
    • STATUS: Closed
    • ON SITE: 67 days
    • MLS #: 3263502
    Sold - 04/30/2019
    $820,000
    SOLD - 04/30/2019
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,498
      SQFT
    • $328
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1901
    County:

    School Information

    Elementary School:
    High School:
    School District:

    Description

    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.

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    © 2019 Ann Arbor Area Association of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Ann Arbor. Data last updated: 2019-05-19T18:11:41.763.
    www.annarbormarketcenter.com/homes/92621312

    200 Packard St Ann Arbor, MI 48104

    • Price: $819,900
    • Status: Closed
    • Updated: 39 min ago
    • MLS #: 3263502
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,498
    SQFT
    $328
    $/SQFT
    1901
    Built
    Neighborhood:
    Aa Downtown/Burns Park
    County:
    Washtenaw
    Area:
    Aa Downtown/Burns Park
    Elementary School:
    Bach
    High School:
    Pioneer
    School District:
    Ann Arbor
    Property Description
    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.
    Exterior Features

    Construction Wood Siding Foundation Crawl Lot Dimensions 48X100 Parking Spaces 8 Road Type Public

    Interior Features

    Basement Yes Basement Type Full Kitchens 2 Laundry YesCommon/Coin Num Efficiencies 0 Num One Bed Units 1 Num Three Bed Units 0 Num Two Bed Units 0 Sq Ft Finished Above Grade 2498 Sq Ft Finished Below Grade 2498 Sq Ft Total Finished 4996 Total Bedrooms 7 Unit Amenities Air ConditioningPatio(S)Balcony/DeckStorageCable TvWasher/DryerDishwasherFurnished

    Property Features

    Agreement Type Exclusive Rt To Sell Annual Rental Income Ann Arbor Mls Annual Rental Income1 70800.00 Certified Year 0 City Or Township City Exp From Tax Return 0.00 Legal Description Part Lots 1 & 2 Beg 26.5 Ft N Of Sw Cor Lot 2 Th E 47.5 Ft Th N Par To W L Lots 1 And 2 To Sl Packar Misc Expenses 2000.00 Multifamily Subtype 1 - 4 Units Municipality Ann Arbor Other Middle School Slauson Ownership Private Owned Projected Or Actual Actual Sq Ft Above Source Tax Record Sq Ft Below Source Tax Record Square Footage Source Tax Record State Eq Value 259300 State Eq Value Year 2018 Summer Taxes 8460.00 Summer Taxes Year 2018 Tax Value 170590 Tax Value Year 2018 Tax Year 0 Taxes 11318.00 Tenant Pays HeatWater Terms CashConventional Winter Taxes 2439.00 Winter Taxes Year 2018 Zoning R4c

    Listing provided courtesy of Metro Property Services.


    © 2019 Ann Arbor Area Association of Realtors Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Ann Arbor. Data last updated: 2019-05-19T18:11:41.763.
     
    Keller Williams Ann Arbor
    2144 S. State Street
    Ann Arbor MI, 48104