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508 W Summit

Ann Arbor, MI 48103
  • $749,000
  • STATUS: Active
  • ON SITE: 100 Days
  • MLS #: 3287728
UPDATED: 33 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:

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.

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©2022 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Tom Lipinski Team at Keller Williams Lakeside Market Center. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2022-08-13T22:49:47.947.
www.buyeastsidehomes.com/homes/128332627
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508 W Summit Ann Arbor, MI 48103

  • Price: $749,000
  • Status: Active
  • On Site: 100 Days
  • Updated: 33 min ago
  • MLS #: 3287728
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1,715
SQFT
$437
$/SQFT
1901
Built
Neighborhood:
Ann Arbor (81021)
County:
Washtenaw
Area:
Ann Arbor (81021)
School District:
Ann Arbor Public Schools
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

Exterior Features Deck Foundation Type BasementSlab Waterfront YN No

Interior Features

Basement Type Partially Finished Basement YN Yes

Property Features

Concession Amount 0 Financial Terms CashConventional For Sale Or Rent For Sale Municipality Ann Arbor Municipality Type City Ownership Private Property Type Multi-Family SEV 247700 Summer Tax Amount 9150 Total Expenses 0 Total Tax Amount 11835 Winter Tax Amount 2685

Listing courtesy of J Keller Properties, Llc : 734-369-8239.

Source MLS: MiRealSource
Originating MLS: Ann Arbor Area BOR MLS

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


©2022 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Tom Lipinski Team at Keller Williams Lakeside Market Center. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2022-08-13T22:49:47.947.
 
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The Tom Lipinski Team at Keller Williams Lakeside Market Center
45609 Village Blvd.
Shelby Township MI, 48315