Property Type:
Residential
Bedrooms:
4
Baths:
2
Square Footage:
1,494
Lot Size (sq. ft.):
6,098
Status:
Active
Current Price:
$698,500
List Date:
5/29/2026
Last Modified:
7/08/2026
Overview
Description
Exceptional investment opportunity in the heart of Ann Arbor!Well maintained Water Hill duplex located just a couple of blocks from all Kerrytown & downtown.This versatile duplex offers both short-term and long-term income potential with permits already in place for rental and short-term rental use. Unit A is fully updated and currently operating as a successful Airbnb, featuring 2 bedrooms plus a smaller flex room perfect for a home office or guest space, 1.5 bathrooms, private basement access with washer and dryer, and its own private entry. Unit B is a separate 1-bedroom unit with an open living/dining/kitchenette area, updated full bath with tub/shower, laundry with stacked washer/dryer, enclosed rear porch/mudroom, and private entry, currently leased as a rental unit.
The property also features a welcoming front porch, fenced backyard, detached two-car garage, and separate/private entrances for both units, offering excellent privacy and functionality for tenants or guests.
Last Updated: July - 08 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. 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.