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Image 1 - 508 West Summit Street, Ann Arbor, MI 48103, USA - Duplex for sale
Image 2 - 508 West Summit Street, Ann Arbor, MI 48103, USA - Duplex for sale
Image 3 - 508 West Summit Street, Ann Arbor, MI 48103, USA - Duplex for sale
Image 4 - 508 West Summit Street, Ann Arbor, MI 48103, USA - Duplex for sale
Image 5 - 508 West Summit Street, Ann Arbor, MI 48103, USA - Duplex for sale
Image 6 - 508 West Summit Street, Ann Arbor, MI 48103, USA - Duplex for sale
Image 7 - 508 West Summit Street, Ann Arbor, MI 48103, USA - Duplex for sale
Image 8 - 508 West Summit Street, Ann Arbor, MI 48103, USA - Duplex for sale
Image 9 - 508 West Summit Street, Ann Arbor, MI 48103, USA - Duplex for sale
5+ Units
508 West Summit Street, Ann Arbor, MI 48103, USA

5+ Units

duplex for sale
17 views
Listed: 02/13/23

508 West Summit Street, Ann Arbor, MI 48103, USA

Studio Bed:
1 Bath:
Save
Price
$ 585,000

About This Duplex

Perched atop a corner lot at the center of Water Hill you will find this 5-unit turnkey income property. This freshly painted building features a fully occupied roster of three 1-bedroom units and two efficiency units. An eclectic mix of hardwood flooring, funky tile, and spacious layouts with opportunity to add value. This is always a quick-to-rent favorite with attractive rent rolls ($5, 795/month). Savvy investors will recognize the value in the freshly minted Certificate of Compliance- valid through May 2024 and the updated boiler system.

Property Includes

  • Parking
  • Hardwood Floors

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Wildwood Housing & Living

Household Income

Median household income: $61,247
Number of households: 47,524
The average household income in Ann Arbor, MI grew from $57,697 to $61,247 in the past year. This data is an estimate based upon 47,524 households in Ann Arbor, MI.
The chart below presents how household income is distributed in Ann Arbor, MI in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Ann Arbor, MI compared to median property taxes around the country. The prevalent amount of property taxes in Ann Arbor, MI equals $3k+ , which is more than the national average.