$1,750,000
Ann Arbor, MI 48104
MLS# 25043368
Status: Sold
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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
Details
Maps
Location Property Info
County: Washtenaw
Street #: 943
Street Name: Dewey
Suffix: Avenue
State: MI
Zip Code: 48104
Zip (4): 3884
Area: Ann Arbor/Washtenaw - A
OfficeContract Info
Status: Sold
Current Price: $1,750,000
List Price: $1,960,000
Listing Date: 2025-08-25
General Property Info
Lot Measurement: Acres
Lot Square Footage: 2614
Lot Acres: 0.06
Lot Dimensions: 45x56
Year Built: 1920
New Construction: No
Cert of Compliance: Yes
Road Frontage: 45
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 2886
Total Parking Spaces: 10
Waterfront: No
School District: Ann Arbor
Tax Info
Tax ID #: 09-09-33-215-020
Taxable Value: 403945
SEV: 411400
For Tax Year: 2024
Seller's Annual Property Tax: 27815
Tax Year: 2024
Zoning: R4C
Remarks Misc
Directions: Packard to Dewey.
Status Change Info
Under Contract Date: 2025-10-13
Sold Date: 2025-11-14
Sold Price: $1,750,000
Sold Price/SqFt: 606.38
Access Feat
Accessibility Features: No
Income and Expenses
Annual Insurance: 3906
Gross Op. Inc.: 170400
Operating Expense: 49064
Unit 1
Unit #: 1
Unit Description: 1
Monthly Rent: 5000
Bedrooms: 4
Bathrooms: 2
Full Baths: 2
Unit 2
Unit #: 2
Unit Description: 2
Monthly Rent: 4000
Bedrooms: 4
Bathrooms: 2
Full Baths: 2
Unit 3
Unit #: 3
Unit Description: 3
Bedrooms: 4
Bathrooms: 2
Full Baths: 2
Property Features
Laundry Features: In Unit
Exterior Material: Block; Vinyl Siding
Roofing: Composition
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Public Sewer; Public Water; Storm Sewer
Owner Pays: Water
Tenant Pays: Electric; Gas; Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Concrete
Street Type: Paved
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: Carport; Central Air; Dishwasher; Garb Disp; Range Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Unit 2: Central Air; Dishwasher; Garb Disp; Range/Oven; Refrigerator; Sep. Heat System
Unit 3: Range/Oven; Central Air; Dishwasher; Garb Disp; Refrigerator; Sep. Heat System; Washer/Dryer
Listing Office: Metro Property Services
Listing Agent: Christopher Vessels
Last Updated: November - 16 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
