Updated Duplex Near
For Sale
$279,900
212 N Summit St, Ypsilanti, MI 48197
Updated duplex near campus with income potential and parking.
Property SizeContact for details
Days on Market190
Property Features for 212 N Summit St
General Information
Standard status
Active
Property subtype
Multi-Family
Building Details
Year Built
1914
Listing Agency:
The Charles Reinhart Company
Listed By:
Ayad Ridha · License #6506044647
(734) 645-3110
Source:
Katie-k
Added: Apr 10
Changed: Oct 15
Last Checked: Oct 7 at 4:59PM
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
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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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,168
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
Frequently Asked Questions
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.
