508 W Summit Street Active Save Request In-Person Tour Request Virtual Tour
Ann Arbor,MI 48103
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 81025016569
Bedrooms 5
Year Built 1901
Annual Tax Amount $18,744
Lot Size 9,583 Sqft
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
Zoning Residential
Interior
Heating Forced Air
Laundry 1
Exterior
Garage Spaces 4.0
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Stucco
Schools
School District Ann Arbor
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional