Renovated Student Rental Property
For Sale
Contact for pricing
1104 Packard Street, Ann Arbor, MI 48104
Two renovated properties near University of Michigan, high-end finishes.
Property Size6,919 SF
Price / SF$549.21
Days on Market104
Property Features for 1104 Packard Street
General Information
Standard status
Active
Size
6,919 SF
Class
A
Total Parking Spaces
8
Property subtype
Retail, Multifamily
Zoning
R4C
Occupancy
100%
Net Operating Income
$208,806
Building Details
Year Built
1901
Year Renovated
2023
Buildings
2
Units
4
Listing Agency:
Metro Property Services
Listed By:
Chris Vessels · License #MI
Source:
Crexi
Added: May 21
Changed: Aug 8
Last Checked: Aug 28 at 3:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Metro Property Services
Investment Insights
Based on property information with market context.
This offering features a package sale of two properties: 1104 Packard and 1102 Packard. The properties are located steps from the University of Michigan's Central Campus and Athletic Campus. 1104 Packard is a beautifully renovated three-unit student rental property featuring 14 bedrooms and 7 bathrooms. Fully renovated in 2023, the units include high-end finishes and features. Each unit is equipped with granite countertops, stainless steel appliances, and a washer and dryer, as well as central A/C. Vaulted beds, glass top desks, and microfiber couches are included. The scheduled revenue for 2026-2027 is $195,600. 1102 Packard is a six-bedroom student rental property with large bedrooms and hardwood flooring in common areas. A new kitchen and bathroom have been installed in the basement, presenting an opportunity to create a separate unit in the future. The scheduled revenue for 2026-2027 is $93,600. Both properties are scheduled to be rezoned by the City of Ann Arbor to allow for mixed-use development with a potential height limit of 40ft. The combined property size is 6,919 square feet.
Key Highlights
- Combined 2026‑2027 scheduled revenue of $289,200 from both properties.
- Prime location steps from University of Michigan's Central and Athletic Campuses.
- Rezoning potential for mixed‑use development with a 40ft height limit.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
Explore this area
Business Placement
Demographics for 48104, MI
41,588
Population
19,173
Households
2.2
Avg Household Size
27
Median Age
82%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
5,332
Density / Sq Mi
$63,341
Median Household Income
$16,073
Median Earnings
$1,548
Median Rent
$481,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two renovated properties near University of Michigan, high-end finishes.
Where is this apartment building located?
The property is located at 1104 Packard Street Ann Arbor, MI.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Combined 2026‑2027 scheduled revenue of $289,200 from both properties.; Prime location steps from University of Michigan's Central and Athletic Campuses.; Rezoning potential for mixed‑use development with a 40ft height limit.
