MI > Ann Arbor
Ann Arbor, MI 48103,508 W Summit Street
Ann Arbor, MI 48103,508 W Summit Street
Ann Arbor, MI 48103,508 W Summit Street
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$795,000
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5 Beds
9,583 Sqft Lot
Active

508 W Summit Street Ann Arbor, MI 48103

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Mark Schmansky

Mark Schmansky

+1(248) 701-0207

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 81025016569

Bedrooms 5

Originating Board Greater Metropolitan Association of REALTORS®

Year Built 1901

Annual Tax Amount $18,744

Lot Size 9,583 Sqft

Acres 0.22

Lot Dimensions 82 x 116

Property Description

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.

Location

State MI

County Washtenaw

Area Ann Arbor

Zoning Residential

Direction Summit at Spring.

Interior

Interior Features Laundry Facility, Cable Available

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Garage Spaces 4.0

Road Frontage Paved, Pub. Sidewalk

Garage no

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Stucco

Schools

School District Ann Arbor

Others

Pets Allowed Yes

Tax ID 090920301002

Ownership Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by Jonathon Keller of J Keller Properties, LLC

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agent

Mark Schmansky

Founder/Associate Broker | License ID: 6501380043

+1(248) 701-0207

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508 W Summit Street

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