943 Dewey Avenue, Ann Arbor, MI 48104
$1,750,000
Property Type:
Multi Family
Lot Size (sq. ft.):
2,614
Status:
Sold
Current Price:
$1,960,000
List Date:
8/26/2025
Last Modified:
11/16/2025
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
More Information MLS# 25043368
Location & Property Info
Cross Streets: Dewey and Packard
Property Sub-Type: 2 to 4 Units
Area: Ann Arbor/Washtenaw - A
Municipality: Ann Arbor
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 679.14
General Property Info
New Construction: No
Lot Dimensions: 45x56
Road Frontage: 45
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 2886
Total Parking Spaces: 10
School District: Ann Arbor
Lot Measurement: Acres
Lot Square Footage: 2614
Lot Acres: 0.06
Year Built: 1920
Tax Info
Taxable Value: 403945
SEV: 411400
For Tax Year: 2024
Seller's Annual Property Tax: 27815
Tax Year: 2024
Homestead %: 0
Spec Assessment & Ty: 0
Zoning: R4C
Tax ID #: 09-09-33-215-020
Remarks & Misc
Public Remarks: 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
Legal: W 45 FT LOT 47 C H CADYS SUB
Status Change Info
Sold Price/SqFt: 606.38
Under Contract Date: 2025-10-13
Sold Date: 2025-11-14
Sold Price: $1,750,000
Income and Expenses
Annual Insurance: 3906
Gross Op. Inc.: 170400
Operating Expense: 49064
Street Type
Paved: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Storm Sewer: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Laundry Features
In Unit: 1
Exterior Material
Block: 1
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Sewer: 1
Driveway
Concrete: 1
Substructure
Full: 1
Owner Pays
Water: 1
Unit 1
Unit #: 1
Unit Description: 1
Monthly Rent: 5000
Bedrooms: 4
Bathrooms: 2
Full Baths: 2
Carport: 1
Central Air: 1
Dishwasher: 1
Garb Disp: 1
Range Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Washer/Dryer: 1
Unit 2
Unit #: 2
Unit Description: 2
Monthly Rent: 4000
Bedrooms: 4
Bathrooms: 2
Full Baths: 2
Central Air: 1
Dishwasher: 1
Garb Disp: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Unit 3
Unit #: 3
Unit Description: 3
Bedrooms: 4
Bathrooms: 2
Full Baths: 2
Range/Oven: 1
Central Air: 1
Dishwasher: 1
Garb Disp: 1
Refrigerator: 1
Sep. Heat System: 1
Washer/Dryer: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Washtenaw
Street #: 943
Street Name: Dewey
Suffix: Avenue
State: MI
Zip Code: 48104
Zip (4): 3884
OfficeContract Info
Status: Sold
Current Price: $1,750,000
List Price: $1,960,000
Listing Date: 2025-08-25
Remarks Misc
Directions: Packard to Dewey.
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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