217 N Summit Street Active Save Request In-Person Tour Request Virtual Tour
Ypsilanti,MI 48197
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25051296
Year Built 1910
Annual Tax Amount $7,213
Tax Year 2025
Lot Size 8,276 Sqft
Property Sub-Type 5+ Units
Property Description
Investors take note of this 7 Unit Income property in Ypsilanti steps from the Eastern Michigan Campus. Over $72,000 in gross rental income, $11,114 in expenses. Separate electric for units. Current insurance is $4848.00. Extremely low vacancy rate over the years. Updates in the last 4 years include Roof, Heating system, driveway and parking lot and some unit updates. Awesome Investment opportunity.
Location
State MI
County Washtenaw
Area Ann Arbor/Washtenaw - A
Interior
Heating Steam
Cooling Window Unit(s)
Laundry Common Area,In Basement
Exterior
Parking Features Aggregate,Driveway,Asphalt
Utilities Available Phone Connected,Natural Gas Connected,Electricity Connected,Cable Connected
View Y/N No
Building
Lot Description Level,Sidewalk
Structure Type Block,Stone,Vinyl Siding
New Construction No
Schools
School District Ypsilanti
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional