Renovated Triplex With Coin
For Sale
$475,000
11 S Summit Street, Ypsilanti, MI 48197
Three-unit residential property with updated systems, supplemental storage, and garage access for one residence.
Property SizeContact for details
Days on Market55
Property Features for 11 S Summit Street
General Information
Standard status
Active
Property subtype
Multi Family
Units
Unit Mix
1 x 4BR/1.5BA, 1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$58,560
Amenities
coin laundry
extra storage
Building Details
Year Renovated
2015
Listing Agency:
The Charles Reinhart Company
(734) 971-6070
Listed By:
Ayad Ridha · License #6506044647
(734) 669-5920
Source:
Blueowlprop
Added: Aug 13
Changed: Sep 12
Last Checked: Oct 5 at 6:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Charles Reinhart Company
Investment Insights
Based on property information with market context.
This three-unit residential property in Ypsilanti includes a mix of four-bedroom, three-bedroom, and two-bedroom residences. The two-bedroom unit is positioned above a detached garage and includes use of that garage. Supplemental storage and coin-operated laundry add functional amenities for the property.
A comprehensive renovation in 2015 addressed the HVAC, electrical, plumbing, insulation, roof, siding, and windows. The units are leased through July and August 2027, with individual lease expiration dates of 7/16/27, 8/2/27, and 8/10/27. Located at 11 S Summit St, the property has a Walk Score of 91, Bike Score of 66, and Transit Score of 57.
A comprehensive renovation in 2015 addressed the HVAC, electrical, plumbing, insulation, roof, siding, and windows. The units are leased through July and August 2027, with individual lease expiration dates of 7/16/27, 8/2/27, and 8/10/27. Located at 11 S Summit St, the property has a Walk Score of 91, Bike Score of 66, and Transit Score of 57.
Key Highlights
- Three residential units with 4‑bedroom, 3‑bedroom, and 2‑bedroom layouts
- 2015 renovation included HVAC, electrical, plumbing, insulation, roof, siding, and windows
- Two‑bedroom residence is above a detached garage and includes garage use
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,152
Businesses Nearby
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Business Placement
Demographics for 48197, MI
67,895
Population
28,649
Households
2.4
Avg Household Size
33
Median Age
47%
College-Educated
94%
High-School Grad
41.2 sq mi
ZIP Area
1,648
Density / Sq Mi
$70,913
Median Household Income
$39,314
Median Earnings
$1,203
Median Rent
$274,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with updated systems, supplemental storage, and garage access for one residence.
Where is this triplex located?
The property is located at 11 S Summit Street Ypsilanti, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three residential units with 4‑bedroom, 3‑bedroom, and 2‑bedroom layouts; 2015 renovation included HVAC, electrical, plumbing, insulation, roof, siding, and windows; Two‑bedroom residence is above a detached garage and includes garage use
