About 508 W Summit Street
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.
Features of 508 W Summit Street
| MLS® # | 81025016569 |
|---|---|
| Price | $755,000 |
| Bathrooms | 0.00 |
| Acres | 0.22 |
| Year Built | 1901 |
| Type | Multifamily |
| Status | Active |
Community Information
| Address | 508 W Summit Street |
|---|---|
| Area | 04092 - Ann Arbor |
| City | Ann Arbor city |
| County | Washtenaw |
| State | Michigan |
| Zip Code | 48103 |
Amenities
| Utilities | Cable Connected |
|---|---|
| Parking | Shared Driveway |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Fireplace | No |
Exterior
| Construction | Stucco |
|---|
School Information
| District | Ann Arbor |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | J Keller Properties, LLC |
|---|---|
| Contact Info | Jon@JKellerProperties.com |