125 N Summit St Ypsilanti, MI 48197

Building Details

Year Built

1864

Listing Agency The Charles Reinhart Company E***@reinhartrealtors.com Show Phone

Listed by Ayad Ridha · License #6506044647 Show Phone

Source Elliman

Added: Apr 10 Checked: Jul 17 at 3:53 am

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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

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Investment Insights

Based on property information with market context.

This updated three-unit income property is located within a short walk to campus and includes a garage. Unit 1 features 3 bedrooms and 1 bath, and is leased through August 2027 for $16,140 per year. Unit 2 has 1 bedroom and 1 bath, and is also leased through August 2027 for $10,740 per year. Unit 3 offers 2 bedrooms and 1 bath, leased through August 2027 for $11,340 per year. The garage is leased for $600 per year. Ample off-street parking is available. Tenants are responsible for gas, electric, and water/sewer expenses. The property has a bike score of 66, indicating it is bikeable, a walk score of 91, designating it as a walker's paradise, and a transit score of 57, indicating good transit options.

Key Highlights

• Income‑generating property with all units leased through August 2027.
• Prime location: Walker's Paradise (walkScore 91) and short walk to campus.
• Three units: one 3‑bedroom, one 1‑bedroom, and one 2‑bedroom.

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FAQs

What type of property is this?

Triplex - Three-unit property near campus with long-term leases and garage.

Where is this triplex located?

The property is located at 125 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: Income‑generating property with all units leased through August 2027.; Prime location: Walker's Paradise (walkScore 91) and short walk to campus.; Three units: one 3‑bedroom, one 1‑bedroom, and one 2‑bedroom.