943 Dewey Avenue, Ann Arbor, MI 48104

$1,750,000
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
IDX
Listing Office: Metro Property Services
Listing Agent: Christopher Vessels
Source MLS Verified
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.