Ann Arbor, MI 48103 508 W Summit Street
$755,000
30 more
Presented By: Jonathon Keller at J Keller Properties, LLC - (734) 369-8239
Home Details
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.
Presented By: Jonathon Keller at J Keller Properties, LLC - (734) 369-8239
Interior Features for 508 W Summit Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
BasementFull
Basement (Y/N)Yes
Heating Y/NYes
Laundry FeaturesCommon Area, In Basement, Laundry Room
Total Fireplaces1
General for 508 W Summit Street
Additional Parcels Y/NNo
CityAnn Arbor
Construction MaterialsStucco
CoolingNone
CountyWashtenaw
DirectionsSummit at Spring.
HeatingForced Air
High School DistrictAnn Arbor
Land Lease Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional
Lot Size Square Feet9496.0
Lot Size UnitsAcres
MLS AreaAnn Arbor/Washtenaw - A
MLS Area MinorAnn Arbor/Washtenaw - A
MobileHomeRemainsYNNo
ModificationTimestamp2025-08-01T18:56:22Z
New ConstructionNo
Number Of Units Total5
Occupancy TypeTenant
OwnerPaysNone
OwnershipPrivate Owned
PossessionClose Of Escrow
Property Subtype5+ Units
Property TypeMulti Family
Rent Control Y/NNo
Senior CommunityNone
Standard StatusActive
StatusActive
Tax Annual Amount18744.0
Tax Assessed Value278163
Tax Year2025
Tenant PaysElectric, Water, Trash, Sewer, Gas
TownshipAnn Arbor
UtilitiesCable Available, Cable Connected
Year Built1901
Zoning DescriptionR2A
Exterior for 508 W Summit Street
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions82 x 116
Lot FeaturesSidewalk
Lot Size Acres0.22
Lot Size Area0.22
Number of Buildings1
Road Surface TypePaved
SpaNo
Total Parking4.0
Waterfront Y/NNo
Additional Details
Price History
Jaymee Gibson
Realtor
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Phone:
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License #543277