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$495,000
Est. payment /mo
1,246 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Pending
Purchase Type For Sale
Square Footage 1,246 sqft
Price per Sqft $397
MLS Listing ID 81025047672
Year Built 1901
Property Sub-Type MultiFamily
Property Description
Located in the heart of downtown Ann Arbor's desirable Kerrytown neighborhood, 117 E Summit Street presents an exceptional duplex opportunity close to the city's vibrant dining, shopping, and cultural attractions. This well-maintained property features two updated units, each offering modern comfort and strong rental potential.The first-floor unit includes 2 bedrooms, an updated kitchen, and a refreshed bathroom. It is currently leased through summer 2026 at $1,800 per month. The upper unit offers 1 bedroom with an updated kitchen and bathroom, leased at $1,200 per month. Both units include in-unit washer and dryer for added convenience.With current rents below market value, this property provides immediate income with the opportunity for increased returns in the future. Whether you are an investor looking to expand your portfolio or a buyer interested in downtown Ann Arbor living with rental income, this duplex is a rare find in one of the city's most desirable locations.Subject to tenant rights; all showing require a minimum of 24 hours notice to show.
Download HERD report at osi.a2.goc/herd, HES: 3
Download HERD report at osi.a2.goc/herd, HES: 3
Location
State MI
County Washtenaw
Area Area04092Annarbor
Interior
Heating ForcedAir, NaturalGas
Laundry InUnit
Exterior
Parking Features Gravel
Community Features Sidewalks
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected
View Y/N No
Building
Foundation MichiganBasement
Sewer PublicSewer
Water Public
Schools
School District Annarbor
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Trevor McIlwaine of Berkshire Hathaway HomeService
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