**FIRST TIME OFFERED IN A GENERATION!** A rare opportunity to own a substantial, stately brick duplex in Ann Arbor's desirable Lower Burns Park neighborhood, affectionately known as LoBuPa. Lovingly cared for by the same owner for over 30 years, this distinctive property combines enduring architectural character, established rental income, thoughtful… Read More recent improvements & compelling long-term potential. An exceptional opportunity for investors, future owner-occupants & buyers seeking flexibility in a prime central Ann Arbor location. **TWO DISTINCTIVE RESIDENCES, TIMELESS CHARACTER & GENEROUS LIVING SPACES!** The vertically stacked duplex features two spacious residences, each with its own kitchen & living areas. The main-level unit offers 2 bedrooms, 2 full baths, an inviting great room, dining area & fabulous sunroom with sliding glass doors opening to the refreshed backyard patio.Upstairs, the expansive 4-bedroom, 2-full-bath residence offers comfortable living & dining spaces and a versatile layout. Original hardwood floors grace many rooms, complemented by abundant natural light, charming architectural details & generously proportioned interiors. **ESTABLISHED INCOME WITH ROOM TO GROW!** Certified by the City of Ann Arbor as a two-unit rental property, with a Certificate of Compliance valid through January 24, 2028, 1540 Packard St offers an established rental configuration with income already in place, and optionality for future use! The main-level residence is occupied by longstanding, renewing tenants under a joint & several lease through August 2027 at $2,100/month, with tenants responsible for utilities other than water. Upstairs, three individually executed 1-year, single bedroom leases beginning August 2026 generate a combined $2,729/month, with utilities included. The fourth upstairs bedroom has been intentionally held vacant to preserve flexibility for a future purchaser, though multiple interested prospective tenants have been readily identified. **CURRENT COMBINED CONTRACTED GR Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of @properties Christie's Int'lAA.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multifamily
Lot Size
0.18 Acres
Year Built
1938
MLS Number
81026056696
30 Days Snapshot Of 48104
$413k
-31%
(avg) sold price
1
-94%
home sold
70
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Daylight, Walk-Out Access, Basement?: 1
Property Access
Paved, Pub. Sidewalk
Building
2 total units, 1 two-bedroom unit, Built in 1938, Brick, Block, Vinyl, Unit count: 2
Cooling
Window Unit(s)
Water Features
Public (Municipal)
Heating
Baseboard, Forced Air, Natural Gas
Interior Features
Other, Laundry Facility, Cable Available
Lot
Lot size area: 0.18, Lot size dimensions: ~59 ~130 (Irregular)
Parking
5 parking spaces
Property
Property type: Multifamily
Taxes
Tax amount (summer): $12,630
Sewer
Sewer (Sewer-Sanitary), Sewer at Street, Storm Drain
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