Perched atop a corner lot in the always desirable Water Hill, sits this 5 unit apartment building. With strong rents and virtually zero vacancy, this investment features not just location, but some big ticket updates- including a new roof (2022) and new laundry center (2024). All units are either studios or 1 bedroom and all have a full bathroom and kitchen. Driveway parking. Monthly rent roll is $5,835 with tenants paying utilities via bill back. A great investment opportunity.
For sale
$795,000
508 W Summit St, Ann Arbor, MI 48103
5beds
5baths
--sqft
Est.:
5+ Units
Built in 1901
-- sqft lot
$763,000 Zestimate®
$--/sqft
$-- HOA
What's special
- 5 days
- on Zillow |
- 854 |
- 28 |
Zillow last checked: 7 hours ago
Listing updated: April 23, 2025 at 12:16am
Listed by:
Jonathon Keller 734-323-1072,
J Keller Properties, LLC 734-369-8239
Source: MichRIC,MLS#: 25016569

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: Common Area, In Basement, Laundry Room
Features
- Basement: Full
- Number of fireplaces: 1
Property
Parking
- Total spaces: 4
Lot
- Size: 9,583.2 Square Feet
- Dimensions: 82 x 116
- Features: Sidewalk
Details
- Parcel number: 090920301002
- Zoning description: R2A
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Stucco
Condition
- New construction: No
- Year built: 1901
Utilities & green energy
- Utilities for property: Cable Available, Cable Connected
Community & HOA
Location
- Region: Ann Arbor
Financial & listing details
- Tax assessed value: $278,163
- Annual tax amount: $18,744
- Date on market: 4/23/2025
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Water, Sewer, Gas
- Road surface type: Paved
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