About This Home

This 9-bedroom, 4-bathroom residential multi family at 124 N Summit Street in Ypsilanti, MI is listed for $495,000. Built in 1890, on a 0.21 acres lot.

Key Features

  • Built in 1890
  • 0.21 acre lot
  • 14 parking spaces

Property Details

4 full
14 spaces
1890
Listing 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.

Monthly Cost Estimate

$2,647/mo

20% down · 6.5% · 30 years

Principal$358
Interest$2,145
Insurance$144

Estimates only. Actual payments may vary.

Location

124 N Summit Street

Ypsilanti, MI 48197

Property Details

Construction

Vinyl Siding

Parking

Driveway

Heating

BaseboardHot Water(Heating)

Questions & Answers

This 9-bedroom, 4-bathroom residential multi family at 124 N Summit Street is listed at $495,000. The estimated monthly payment is $2,647 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1890, 0.21 acre lot, 14 parking spaces.

This property is listed by Ayad Ridha.

AR

Ayad Ridha

Agent at Real Estate One

Listed by Real Estate One · Broker phone: (248) 304-6700 · View on Broker Site · Broker website

MLS# 26042161· Source: Michigan Regional Information Center, LLC.· 81 days on PropertySimple

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

124 N Summit Street, Ypsilanti, MI 48197

Open this listing in: