Properties for sale in Michigan

124 N Summit Street, Ypsilanti, MI 48197

$495,000

Property Type: Multi Family Lot Size (sq. ft.): 9,191 Status: Active

Current Price: $495,000 List Date: 8/12/2026 Last Modified: 8/20/2026

Overview

Description

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.

Listing Details MLS# 26042161

Location Property Info

County: Washtenaw
Street #: 124
Street Direction: N
Street Name: Summit
Suffix: Street
State: MI
Zip Code: 48197
Zip (4): 3060

General Property Info

Lot Measurement: Acres
Lot Square Footage: 9191
Lot Acres: 0.21
Lot Dimensions: 62x150
Year Built: 1890
New Construction: No
Financial Available: No
Financial Comments: No seller financing
Road Frontage: 62
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 2460
Total Parking Spaces: 14
Waterfront: No
School District: Ypsilanti
Association YN: No

Tax Info

Tax ID #: 11-11-40-164-015
Taxable Value: 104869
SEV: 154500
For Tax Year: 2026
Seller's Annual Property Tax: 8821.29
Tax Year: 2026
Spec Assessment & Ty: none

Remarks Misc

Directions: N Summit St and Grant St

Access Feat

Accessibility Features: No

More Information

Unit 1

Unit #: Yes
Unit Description: 1 bdr 1 bath
Occupied: Yes
Monthly Rent: 800
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 2
Unit Description: 3 bdr 1 bath
Occupied: Yes
Monthly Rent: 1495
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit #: 3
Unit Description: 2 bdr 1 bath
Monthly Rent: 1175
Bathrooms: Yes
Full Baths: Yes

Unit 4

Unit #: 4
Unit Description: 3 bdr 1 bath
Monthly Rent: 1655
Bathrooms: Yes
Full Baths: Yes

Property Features

Laundry Features: Common Area Exterior Material: Vinyl Siding Substructure: Full Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Public Sewer; Public Water Owner Pays: None Tenant Pays: Electric; Gas; Sewer; Trash; Water Heat Source: Natural Gas Heat Type: Baseboard; Hot Water Driveway: Asphalt; Concrete Street Type: Paved; Public Terms Available: Cash; Conventional Possession: Subject To Tenant Rights Sale Conditions: None

Listing Office: The Charles Reinhart Company

Listing Agent: Ayad Ridha

Last Updated: August - 20 - 2026

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