Renovated Duplex with Coin
For Sale
$319,000
116 N Summit St, Ypsilanti, MI 48197
Two leased units offer a varied bedroom mix, on-site laundry, and dedicated parking.
Property SizeContact for details
Days on Market9
Property Features for 116 N Summit St
General Information
Standard status
Active
Property subtype
Investment
Financials
Gross Income
$38,280
Average Monthly Rent
$1,595
Units
Unit Mix
1 x 4BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,000
Amenities
coin laundry
Building Details
Year Built
1880
Year Renovated
2016
Buildings
1
Units
2
Listing Agency:
The Charles Reinhart Company
(734) 645-3110
Listed By:
Ayad Ridha · License #6506044647
(734) 645-3110
Source:
Elliman
Added: Aug 13
Changed: Aug 19
Last Checked: Aug 20 at 11:27AM
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 duplex at 116 N Summit St includes two occupied units with a four-bedroom, 1.5-bath layout and a separate two-bedroom, one-bath residence. Both leases extend into 2027. Shared coin-operated laundry and on-site parking add practical features for residents. The property was comprehensively renovated in 2016, including HVAC, electrical, plumbing, windows, siding, and roofing updates.
Built in 1880, the property is located in Ypsilanti, MI. Walk Score is 91, Bike Score is 66, and Transit Score is 57, reflecting access to walking, biking, and public transportation options. The current unit configuration provides a mix of larger and smaller residential accommodations within one multifamily asset.
Built in 1880, the property is located in Ypsilanti, MI. Walk Score is 91, Bike Score is 66, and Transit Score is 57, reflecting access to walking, biking, and public transportation options. The current unit configuration provides a mix of larger and smaller residential accommodations within one multifamily asset.
Key Highlights
- Two‑unit duplex with four‑bedroom and two‑bedroom residences
- Comprehensive 2016 renovation included HVAC, electrical, plumbing, windows, siding, and roof
- Both units are leased through 2027, with lease expirations of 7/31/27 and 8/14/27
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,150
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased units offer a varied bedroom mix, on-site laundry, and dedicated parking.
Where is this duplex located?
The property is located at 116 N Summit St Ypsilanti, MI.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two‑unit duplex with four‑bedroom and two‑bedroom residences; Comprehensive 2016 renovation included HVAC, electrical, plumbing, windows, siding, and roof; Both units are leased through 2027, with lease expirations of 7/31/27 and 8/14/27
