508 W Summit Street
AnnArbor, MI 48103
- – beds
- – baths
- 1,715 sqft
- 9,496 sqft lot
- $451 per sqft
- 1901 build
- – on site
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 $6,035 with tenants paying utilities via bill back. A great investment opportunity.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated May 16, 2025
•
MLS# 81025016569 —
The Building
-
Year Built:1901
-
Construction Materials:Stucco
-
Basement:Full
-
Basement:true
-
Building Area Total:1715.0
Interior
-
Laundry Features:CommonArea, InBasement, LaundryRoom
Location
-
Directions:Summit at Spring.
-
Cross Street:Spring and Summit
The Property
-
Parcel Number:090920301002
-
Property Type:ResidentialIncome
-
Property Subtype:MultiFamily
-
Lot Size Acres:0.22
-
Lot Size Area:9496.0
-
Lot Size Dimensions:82 x 116
-
Lot Size Units:SquareFeet
-
Zoning Description:Residential
-
Road Frontage Feet:82
Listing Agent
- Contact info:
- Agent phone:
- (734) 323-1072
- Office phone:
- (734) 369-8239
Taxes
-
Tax Assessed Value:278163
-
Tax Annual Amount:18744.0
Heating & Cooling
-
Heating:ForcedAir, NaturalGas
-
Heating:true
Utilities
-
Utilities:CableConnected
-
Sewer:PublicSewer
-
Water Source:Public
Schools
-
High School District:AnnArbor
The Community
-
Community Features:Sidewalks
-
Waterfront:false
Parking
-
Parking Total:4.0
-
Parking Features:SharedDriveway
IDX provided courtesy of Realcomp II Ltd., via Estately and Greater Metropolitan Association of REALTORS, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/12/25
May 12, 2025
|
Price Changed | REALCOMP | $775,000 | -2.5% |
|
4/23/25
Apr 23, 2025
|
Listed / Active | REALCOMP | $795,000 | |
|
4/21/25
Apr 21, 2025
|
Delisted / Withdrawn | REALCOMP | $795,000 |
