508 W Summit Street Coming Soon Save Request In-Person Tour Request Virtual Tour
Ann Arbor,MI 48103
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Coming Soon
Purchase Type For Sale
Municipality Ann Arbor
MLS Listing ID 25016569
Year Built 1901
Annual Tax Amount $18,744
Tax Year 2025
Lot Size 9,496 Sqft
Acres 0.22
Lot Dimensions 82 x 116
Property Sub-Type 5+ Units
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 $5,835 with tenants paying utilities via bill back. A great investment opportunity.
Location
State MI
County Washtenaw
Area Ann Arbor/Washtenaw - A
Direction Summit at Spring.
Rooms
Basement Full
Interior
Heating Forced Air
Cooling None
Fireplaces Number 1
Laundry Common Area,In Basement,Laundry Room
Exterior
Utilities Available Cable Available,Cable Connected
View Y/N No
Street Surface Paved
Total Parking Spaces 4
Building
Lot Description Sidewalk
Structure Type Stucco
New Construction No
Schools
School District Ann Arbor
Others
Tax ID 09-09-20-301-002
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional