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.
Active
Price cut: $20K (6/2)
$755,000
508 W Summit St, Ann Arbor, MI 48103
5beds
5baths
--sqft
Est.:
5+ Units
Built in 1901
-- sqft lot
$741,500 Zestimate®
$--/sqft
$-- HOA
What's special
- 111 days
- on Zillow |
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