University of Michigan student rental property with excellent central campus location. Single property with two buildings on the parcel, a building with six 2 bedroom units (307 Packard) and a 5+ bedroom house / 2.5 bathrooms (309 Packard) which a massive 3rd floor area that can house several people. Must be sold together as the property is one legal parcel. 307 Packard has three of the 6 units renovated, with upside on the 3 units that could be renovated. 309 Packard has been totally renovated and its always very quick to rent in the fall leasing season. Huge parking lot with ample property both buildings and laundry room in basement of 309 Packard that services both buildings. Opportunity to own both a building and a house with one purchase. Can also be sold along with 1919 Geddes as a portfolio. 307 Packard Monthly Rent $8991.00, 309 Packard Monthly Rent $5695.00. Current Certificate of Occupancy Expires 12/1/18.
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