Ypsilanti, MI 48197,217 N Summit Street
Ypsilanti, MI 48197,217 N Summit Street
Ypsilanti, MI 48197,217 N Summit Street
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$479,900
Est. payment /mo
8,276 Sqft Lot
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Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality Ypsilanti City

MLS Listing ID 25051296

Year Built 1910

Annual Tax Amount $7,213

Tax Year 2025

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 59x140

Property Sub-Type 5+ Units

Source Michigan Regional Information Center (MichRIC)

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

Direction North of Washtenaw South of Michigan Ave

Rooms

Basement Daylight, Full

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

Street Surface Paved

Total Parking Spaces 7

Building

Lot Description Level, Sidewalk

Structure Type Block,Stone,Vinyl Siding

New Construction No

Schools

School District Ypsilanti

Others

Tax ID 11-11-40-138-023

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


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Listed by Real Estate One Inc

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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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