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$2,075,000
Est. payment /mo
2,886 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,886 sqft
Price per Sqft $718
Subdivision Mi
MLS Listing ID 70490017
Year Built 1920
Annual Tax Amount $27,815
Tax Year 2024
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 45x56
Property Sub-Type Multi-Family
Property Description
Priced to sell! We are proud to present 943 Dewey Ave, which is a brand new 3 Unit 12 Bedroom University of Michigan Student Rental property only available for sale as a package with the property next door at 1108 Packard. Priced for a quick sale at only a 12.18x GRM, this Property consists of 3 newly-renovated 4 Bedroom units, with stylish finishes, Stainless Steel Appliances, High Efficiency HVAC, Granite Countertops and High Efficiency Washer/Dryer. All Furnishings Included, and this package of amenities will ensure steady rental rate increases for your entire ownership of the property. Newly poured concrete parking area has space for 10-12 cars between the two properties, which allow for an additional $10-12k per year in future revenue. Steps from University of Michigan Athletic Campus. 943 Dewey has annual rental income of $170,400 for 2025-2026. Please contact me for more information or to schedule a showing. Will not last long
Location
State MI
County Washtenaw
Area Ann Arbor (81021)
Interior
Heating Forced Air
Exterior
Exterior Feature Vinyl Siding
Building
Foundation Basement
Structure Type Vinyl Siding
Schools
School District Ann Arbor Public Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional
Virtual Tour https://my.matterport.com/show/?m=bvN2wUGDZLv
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Listed by Metro Property Services