Ann Arbor, MI 48103 508 W Summit Street
$795,000
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 $5,835 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.
Electric On Property Y/NNo
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
ModificationTimestamp2025-04-23T07:16:57Z
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
Waterfront Y/NNo
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
Open Parking Y/NNo
Road Surface TypePaved
SpaNo
Total Parking4.0
Additional Details
Price History
Heather Gould
Broker
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License #543277