Courtesy of The Charles Reinhart Company, Ayad Ridha

124 N Summit Street, Ypsilanti, Michigan, 48197

$495,000
0.21 Acres
9 bd
4 ba
#26042161
Fantastic 4 unit property close to campus with garage and coin operated laundry. No seller financing. Unit 1 - one bedroom one bath $800/month includes $70 for water and gas. Leased to 8/1/27 Unit 2 - three bedrooms one bath $1,495/month includes $50 for water and gas. Leased to 8/10/27. Unit 3 - two bedrooms one bath $1,175 includes $50 for water and gas. Leased to 7/31/27. Unit 4 - three bedrooms 1 bath $1,655/month includes $50 for water and gas, and $60 pet fee. Leased to 8/13/27. Additional income $100/month for garage rent, leased to 10/31/26. Coin laundry. Total $5,225/month. Gross rent is $62,700for the 2026-27 school year. Roof replaced in 2016. C of O expires 11/01/2026.

PROPERTY FEATURES

  • Utilities : Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Sewer Available, Water Available
  • Water Source : Public
  • Sewer : Public Sewer
  • Parking Features: Asphalt, Driveway, Concrete
  • Parking Total: 14
  • Heating on Property:
  • Heating : Natural Gas, Baseboard, Hot Water
  • Construction Materials: Vinyl Siding
  • Road Surface Type: Paved
  • Basement Description : Full
  • Basement on Property:
  • Laundry Features : Common Area
PROPERTY DETAILS
ID: 26042161
Status: Active
Price: $495,000
Acres: 0.21 Acres
Price Per Acre: $2,357,143
Type: Multi-family
Address: 124 N Summit Street
City, State: Ypsilanti, Michigan
County: Washtenaw
Zip Code: 48197
Lat/Long: 42.243311, -83.624314
Presented By: Ayad Ridha
Phone:
Email: Click to Contact