Ypsilanti, MI 48197 217 N Summit Street
$469,900
2 more
Presented By: Michael Lee at Real Estate One Inc - (734) 944-7900
Home Details
Investors take note of this 7 Unit Income property in Ypsilanti steps from the Eastern Michigan Campus. Over $72,000 in gross rental income, $11,114 in expenses. Separate electric for units. Current insurance is $4848.00. Updates in the last 4 years include Roof, Heating system, driveway and parking lot Land Contract terms possible. Awesome Investment opportunity.
Presented By: Michael Lee at Real Estate One Inc - (734) 944-7900
Interior Features for 217 N Summit Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
BasementDaylight, Full
Basement (Y/N)Yes
Heating Y/NYes
Laundry FeaturesCommon Area, In Basement
General for 217 N Summit Street
Additional Parcels Y/NNo
Attached Garage No
CityYpsilanti
Construction MaterialsBlock, Stone, Vinyl Siding
CoolingWindow Unit(s)
CountyWashtenaw
DirectionsNorth of Washtenaw South of Michigan Ave
Gross Income72600.0
HeatingSteam
High School DistrictYpsilanti
Insurance Expense4848.0
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal Description*OLD SID - 11 11-175-056-00 YP CITY 21W-79 LOT 56 EXCEPT N 7 FT CROSS & BAGLEY'S ADDITION.
Listing TermsCash, Conventional, Contract
Lot Size Square Feet8276.0
Lot Size UnitsAcres
MLS AreaAnn Arbor/Washtenaw - A
MLS Area MinorAnn Arbor/Washtenaw - A
MaintenanceExpense500.0
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total7
Occupancy TypeTenant
Operating Expense10614.0
OwnerPaysTrash Collection, Water, Sewer
OwnershipPrivate Owned
PossessionClose Of Escrow
Property Subtype5+ Units
Property TypeMulti Family
Rent Control Y/NNo
Senior CommunityNone
Standard StatusActive
StatusActive
Tax Annual Amount7213.1
Tax Assessed Value85669
Tax Year2025
Tenant PaysElectric
TownshipYpsilanti City
UtilitiesPhone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Year Built1910
Exterior for 217 N Summit Street
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions59x140
Lot FeaturesLevel, Sidewalk
Lot Size Acres0.19
Lot Size Area0.19
Number of Buildings1
Parking FeaturesAggregate, Driveway, Asphalt
Road Surface TypePaved
SpaNo
Total Parking7.0
Waterfront Y/NNo
Additional Details
Price History
Similar Properties to 217 N Summit Street
Get Pre-Approved Now!
Give yourself a better position in the competitive home buying market. Complete the form to get started on your journey to purchase your dream home. Our lending partner has a wide variety of lending options available and advanced mortgage technology. As a result, our lending partner's clients enjoy a flawless experience through impeccable execution and timely communication throughout the process.
We keep your info safe & never share it. View our Terms of Use.
Thomas Fallie
Phone:
(708) 516-3783
License #543277