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120 Packard Street Ann Arbor MI 48104




MLS #: 3282320
Price: 2,100,000
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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 Type: Land
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Area Name: AA Downtown/Burns Pa
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Directions: Southbound Main St to Packard St. Secord Drive on the South side.
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Listing Brokerage Name: Metro Property Services

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