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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Nick Schweihofer

Nick Schweihofer

+1(616) 566-4619
$755,000
Est. payment /mo
9,496 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality Ann Arbor

MLS Listing ID 25016569

Year Built 1901

Annual Tax Amount $18,744

Tax Year 2025

Lot Size 9,496 Sqft

Acres 0.22

Lot Dimensions 82 x 116

Property Sub-Type 5+ Units

Source Michigan Regional Information Center (MichRIC)

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

Location

State MI

County Washtenaw

Area Ann Arbor/Washtenaw - A

Direction Summit at Spring.

Rooms

Basement Full

Interior

Heating Forced Air

Cooling None

Fireplaces Number 1

Laundry Common Area, In Basement, Laundry Room

Exterior

Utilities Available Cable Available, Cable Connected

View Y/N No

Street Surface Paved

Total Parking Spaces 4

Building

Lot Description Sidewalk

Structure Type Stucco

New Construction No

Schools

School District Ann Arbor

Others

Tax ID 09-09-20-301-002

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by J Keller Properties, LLC

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Nick Schweihofer

Nick Schweihofer

+1(616) 566-4619

Team Leader, Broker | License ID: 6506047709

Team Leader, Broker License ID: 6506047709

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  • Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!
    Gordon L
  • Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!
    Emily Rzeszutko
  • Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!
    Kayla Kocal
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