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508 W Summit St

Ann Arbor MI 48103

4
9496 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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 $6,035 with tenants paying utilities via bill back. A great investment opportunity.

Features

4 carspaces
9496 sq. ft. lot size
Multi-Family

Property history for 508 W Summit St

2022
Sold
$556,100
10 Nov 2022 by Jonathon Keller, of J Keller Properties, LLC

Happy sellers in Ann Arbor

89%
89% of sellers in Ann Arbor reported that their sale price either exceeded or met their price expectations.

Ann Arbor stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Ann Arbor over the last 12 months.

Local market activity for multi families in Ann Arbor

In the last 12 months, 10 multi families similar to 508 W Summit St, have been sold.

This represents a 17% increase in multi families sales when compared to the previous 12 months.

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(619) 566-0008
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