About 217 N Summit Street
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.
Features of 217 N Summit Street
| MLS® # | 25051296 |
|---|---|
| Price | $499,900 |
| Acres | 0.19 |
| Year Built | 1910 |
| Type | Multi Family |
| Sub-Type | 5+ Units |
| Status | Active |
Community Information
| Address | 217 N Summit Street |
|---|---|
| Area | Ann Arbor/Washtenaw - A |
| City | Ypsilanti |
| County | Washtenaw |
| State | MI |
| Zip Code | 48197 |
Amenities
| Parking | Aggregate, Driveway, Asphalt |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| New Construction | No |
Interior
| Heating | Steam |
|---|---|
| Cooling | Window Unit(s) |
| Fireplace | No |
Exterior
| Lot Description | Level, Sidewalk |
|---|
School Information
| District | Ypsilanti |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Agent | Michael Lee |
|---|---|
| Office | Real Estate One Inc |