35
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$775,000
Est. payment /mo
1,715 SqFt
Price Dropped by $20K
508 W Summit Street Ann Arbor, MI 48103
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,715 sqft
Price per Sqft $451
Subdivision Mi
MLS Listing ID 70463233
Year Built 1901
Annual Tax Amount $18,744
Tax Year 2025
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 82 x 116
Property Sub-Type Multi-Family
Property Description
Perched atop a corner lot in the always desirable Water Hill, sits this 5 unit apartment building. With strong rents and virtually zero vacancy, this investment features not just location, but some big ticket updates- including a new roof (2022) and new laundry center (2024). All units are either studios or 1 bedroom and all have a full bathroom and kitchen. Driveway parking. Monthly rent roll is $6,035 with tenants paying utilities via bill back. A great investment opportunity.
Location
State MI
County Washtenaw
Area Ann Arbor (81021)
Interior
Heating Forced Air
Cooling None
Building
Lot Description Sidewalks
Foundation Basement
Schools
School District Ann Arbor Public Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by J Keller Properties, LLC