117 E Summit Street Pending

Ann Arbor,MI 48104-1048

$ 495000

- Bed

- Bath

1246 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 1,246 sqft

Price per Sqft $397

Subdivision Mi

MLS Listing ID 70494321

Year Built 1901

Annual Tax Amount $9,651

Tax Year 2024

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 66 x 50

Property Sub-Type Multi-Family

Property Description

Located in the heart of downtown Ann Arbor's desirable Kerrytown neighborhood, 117 E Summit Street presents an exceptional duplex opportunity close to the city's vibrant dining, shopping, and cultural attractions. This well-maintained property features two updated units, each offering modern comfort and strong rental potential.The first-floor unit includes 2 bedrooms, an updated kitchen, and a refreshed bathroom. It is currently leased through summer 2026 at $1,800 per month. The upper unit offers 1 bedroom with an updated kitchen and bathroom, leased at $1,200 per month. Both units include in-unit washer and dryer for added convenience.With current rents below market value, this property provides immediate income with the opportunity for increased returns in the future. Whether you are an investor looking to expand your portfolio or a buyer interested in downtown Ann Arbor living with rental income, this duplex is a rare find in one of the city's most desirable locations.

Location

State MI

County Washtenaw

Area Ann Arbor (81021)

Rooms

Basement MI Basement

Interior

Heating Forced Air

Cooling None

Exterior

Exterior Feature Vinyl Siding

Building

Lot Description Sidewalks

Foundation Basement

Structure Type Vinyl Siding

Schools

School District Ann Arbor Public Schools

Others

Energy Description Natural Gas

Financing Cash,Conventional

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