508 W Summit Street, Ann Arbor, MI 48103 - MLS#81025016569

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Jason Miller

jason@millerteamrealtors.com +1(248) 444-8774

$775,000

Est. payment - /mo

5 Beds

9,583 Sqft Lot

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UPDATED:

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

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Listed by Jonathon Keller of J Keller Properties, LLC

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Jason Miller

+1(248) 444-8774

Broker | Brerms:277398

Broker Brerms:277398

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508 W Summit Street Ann Arbor, MI 48103

Jason Miller

Key Details

Location

Interior

Exterior

Building

Schools

Others

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