212 N Summit St Ypsilanti, MI 48197

Building Details

Year Built

1914

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 5:45 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 duplex is located within walking distance of campus and offers income potential. It features off-street parking and a garage. Unit 1 is an updated one-bedroom, one-bathroom unit, leased through August 2027, and generates an annual income of $8,160. Unit 2 has four bedrooms, two bathrooms, and two updated kitchens, both equipped with dishwashers. This unit also features high ceilings and is leased through August 2027, generating an annual income of $26,940. The garage is currently not rented but presents an opportunity for additional income. Tenants are responsible for gas, electric, and water/sewer. The property has a bike score of 66, indicating it is bikeable, a walk score of 91, classifying it as a walker's paradise, and a transit score of 57, indicating good transit options.

Key Highlights

• High income potential from two units with existing leases until August 2027 ($35,100/yr combined).
• Walking distance to campus (Walk Score: 91).
• Updated duplex featuring modern amenities.

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FAQs

What type of property is this?

Duplex - Updated duplex near campus with income potential and parking.

Where is this duplex located?

The property is located at 212 N Summit St Ypsilanti, MI.

What is the asking price?

The asking price for this property is $279,900.

What are key features of this property?

This property features: High income potential from two units with existing leases until August 2027 ($35,100/yr combined).; Walking distance to campus (Walk Score: 91).; Updated duplex featuring modern amenities.