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508 W Summit Street

Ann Arbor, MI 48103
  • $749,000
  • STATUS: Active
  • ON SITE: 62 Days
  • ID#: 543287728
UPDATED: 50 min ago
$749,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,715
    SQFT
  • $437
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1901
County:
Area:

School Ratings & Info

School District:

Description

Perched atop a corner lot at the center of Water Hill you will find this 5-unit turnkey income property. This freshly painted building features a fully occupied roster of three 1-bedroom units and two efficiency units. An eclectic mix of hardwood flooring, funky tile, and spacious layouts with opportunity to add value. This is always a quick-to-rent favorite with attractive rent rolls ($5,500/month). Savvy investors will recognize the value in the freshly minted Certificate of Compliance- valid through May 2024 and the updated boiler system.

Monthly Payment Calculator



IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Ann Arbor Area BOR MLS, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-07-06T14:00:06.84.
www.prettyhomerealty.com/homes/128332845
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508 W Summit Street Ann Arbor, MI 48103

  • Price: $749,000
  • Status: Active
  • On Site: 62 Days
  • Updated: 50 min ago
  • ID#: 543287728
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1,715
SQFT
$437
$/SQFT
1901
Built
Neighborhood:
Ann Arbor
County:
Washtenaw
Area:
Ann Arbor
School District:
ANN ARBOR
Property Description
Perched atop a corner lot at the center of Water Hill you will find this 5-unit turnkey income property. This freshly painted building features a fully occupied roster of three 1-bedroom units and two efficiency units. An eclectic mix of hardwood flooring, funky tile, and spacious layouts with opportunity to add value. This is always a quick-to-rent favorite with attractive rent rolls ($5,500/month). Savvy investors will recognize the value in the freshly minted Certificate of Compliance- valid through May 2024 and the updated boiler system.
Exterior Features

Foundation Details BasementSlab Parking Total 4 Porch Type Deck Waterfront YN No

Interior Features

Basement Type Partially Finished Basement YN Yes Baths Total 0.00 Living Area Source Owner Room Count 0 Sq Ft Combined 1715 Sq Ft Lower Floor 572 Sq Ft Source Tax Record Sq Ft Total Basement 1200 Unit Efficiency Number Of 2 Unit One Bed Number Of 3 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0

Property Features

Down Payment Resource YN No Income Projection Projected Listing Financing CashConventional Monthly Rental Income 5445 Operating Expense 0.00 Ownership Status Private Owned Postal City Ann Arbor Settlement City Tax Amount Summer 9150.0000 Tax Amount Winter 2685.0000 Title Standard (Private) Total Tax 11835.0000 Transaction Type Sale Unparsed Address 508 W Summit St

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via J Keller Properties, Llc: (734) 369-8239 and Ann Arbor Area BOR MLS, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Ann Arbor Area BOR MLS, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-07-06T14:00:06.84.
 
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