943 Dewey AVE Pending Save Request In-Person Tour Request Virtual Tour
Ann Arbor,MI 48104
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Pending
Purchase Type For Sale
Square Footage 2,886 sqft
Price per Sqft $679
MLS Listing ID 81025043368
Year Built 1920
Property Sub-Type MultiFamily
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 11.5x 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 Area04092Annarbor
Rooms
Basement Full
Interior
Heating ForcedAir, NaturalGas
Cooling CentralAir
Laundry InUnit
Exterior
Parking Features Concrete
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected
View Y/N No
Roof Type Composition
Building
Sewer PublicSewer, SewerAtStreet, StormDrain
Water Public
Schools
School District Annarbor
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard