MI > Ypsilanti
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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$499,900
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8,276 Sqft Lot
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217 N Summit Street Ypsilanti, MI 48197

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Andrea Zoet

Andrea Zoet

+1(616) 901-7098

UPDATED:

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

Listed by Real Estate One Inc

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Andrea Zoet

Andrea Zoet

Broker Associate | License ID: 6506047174

+1(616) 901-7098

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217 N Summit Street