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
Acres 0.22
Lot Dimensions 82 x 116
Source Greater Metropolitan Association of REALTORS®
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
Direction Summit at Spring.
Interior
Interior Features Laundry Facility,Cable Available
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Garage Spaces 4.0
Road Frontage Paved,Pub. Sidewalk
Garage no
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Stucco
Schools
School District Ann Arbor
Others
Pets Allowed Yes
Tax ID 090920301002
Ownership Private Owned
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional