124 N Summit Street,Ypsilanti, MI 48197
Ypsilanti, MI 48197
Description
Fantastic 4 unit property close to campus with garage and coin operated laundry. No seller financing. Unit 1 - one bedroom one bath $800/month includes $70 for water and gas. Leased to 8/1/27 Unit 2 - three bedrooms one bath $1,495/month includes $50 for water and gas. Leased to 8/10/27. Unit 3 - two bedrooms one bath $1,175 includes $50 for water and gas. Leased to 7/31/27. Unit 4 - three bedrooms 1 bath $1,655/month includes $50 for water and gas, and $60 pet fee. Leased to 8/13/27. Additional income $100/month for garage rent, leased to 10/31/26. Coin laundry. Total $5,225/month. Gross rent is $62,700for the 2026-27 school year. Roof replaced in 2016. C of O expires 11/01/2026.
Details
| MLS # | 26042161 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 61 |
| Listing Provided By | The Charles Reinhart Company | Ayad Ridha |
Features
| Bath(s) | 4 |
|---|---|
| Basement | Y |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.21 |
Taxes
| Property | 8821 |
|---|
Area Information
| State | MI |
|---|---|
| County | Washtenaw |
| City | Ypsilanti |
| Zip Code | 48197 |
| School District | Ypsilanti |
| High School | Ypsilanti |
| Listing VS Median (in 48197) | |
Price: $495,000 low | high Med: $325,000 On site: 61 low | high Med: 32 | |
Market Activity 48197
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Learn More About This Property
| State | MI |
|---|---|
| County | Washtenaw |
| City | Ypsilanti |
| Zip Code | 48197 |
| School District | Ypsilanti |
| High School | Ypsilanti |
| Listing VS Median (in 48197) | |
Price: $495,000 low | high Med: $325,000 On site: 61 low | high Med: 32 | |
Nearby Listings (Within 1/10 mile)
Price: $371K - $618K
sqft: 0 - 0
Listing Updated: September 29, 2026 at 4:30:47 AM PDT