943 Dewey Avenue, Ann Arbor, MI 48104 (MLS# 25043368)

943 Dewey Avenue, Ann Arbor, MI 48104

$1,750,000

Virtual Tour

https://my.matterport.com/show/?m=bvN2wUGDZLv

Property Type: Multi Family Lot Size (sq. ft.): 2,614 Status: Sold

Current Price: $1,750,000 List Date: 8/26/2025 Last Modified: 11/16/2025

Overview

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

Listing Details MLS# 25043368

Location Property Info

County: Washtenaw
Street #: 943
Street Name: Dewey
Suffix: Avenue
State: MI
Zip Code: 48104
Zip (4): 3884

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: Yes
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/SqFt: 606.38

More Information

Access Feat

Accessibility Features: No

Income and Expenses

Annual Insurance: 3906
Gross Op. Inc.: 170400
Operating Expense: 49064

Unit 1

Unit #: Yes
Unit Description: Yes
Monthly Rent: 5000
Bathrooms: 2
Full Baths: 2

Unit 2

Unit #: 2
Unit Description: 2
Monthly Rent: 4000
Bathrooms: 2
Full Baths: 2

Unit 3

Unit #: 3
Unit Description: 3
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

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