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Brick Apartment Building
For Sale
$1,300,000

1310 Packard St, Ann Arbor, MI 48104

Well-maintained multifamily property with updated major systems, on-site laundry, storage lockers, and resident parking.

Property SizeContact for details
Days on Market10

Property Features for 1310 Packard St

General Information

Standard status Active
Property subtype Investment
Occupancy 100%

Units

Unit Mix 2 x studio, 3 x 1BR, 1 x 2BR
Multifamily Units 6

Additional Details

Gross Income $106,500
Public Transit Yes

Taxes and HOA fees

Annual Taxes $30,000

Amenities

on-site laundry
storage lockers
on-site parking

Building Details

Year Built 1963
Buildings 1
Units 6
Construction brick
Listing Agency: J Keller Properties, LLC
Listed By: Jonathon Keller · License #6502370935
Source: Elliman
Added: Aug 14 Changed: Aug 21 Last Checked: Aug 23 at 7:58AM

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 J Keller Properties, LLC

Investment Insights

Based on property information with market context.

This brick apartment property at 1310 Packard St comprises 6 units: 2 studios, 3 one-bedroom apartments, and 1 two-bedroom apartment. Built in 1963, the building has received significant system updates, including a new boiler and EPDM roof. On-site laundry, storage lockers, and free parking are provided for residents. The rental certificate remains valid through 2029, and the property is fully rented.

Located in downtown Ann Arbor, the property offers walkable and bike-oriented access to the surrounding area. WalkScore is 79, BikeScore is 99, and TransitScore is 57. The asset combines an established apartment configuration with documented capital improvements and current occupancy.

Key Highlights

  • 6‑unit apartment building with 2 studios, 3 one‑bedroom units, and 1 two‑bedroom unit
  • New boiler and EPDM roof
  • Rental certificate valid through 2029

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Nail Salon Pharmacy (Bike/Boat/Book/etc) Store Food Market Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

713
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-maintained multifamily property with updated major systems, on-site laundry, storage lockers, and resident parking.
Where is this apartment building located?
The property is located at 1310 Packard St Ann Arbor, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 6‑unit apartment building with 2 studios, 3 one‑bedroom units, and 1 two‑bedroom unit; New boiler and EPDM roof; Rental certificate valid through 2029
More about this property
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