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$420,000

  • Sold
  • Closed
  • Single Family
See This Home
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See This Home
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Investors take note of this 7 Unit Income property in Ypsilanti steps from the Eastern Michigan Campus. Over $72,000 in gross rental income, $11,114 in expenses. Separate electric for units. Current insurance is $4848.00. Updates in the last 4 years include Roof, Heating system, driveway and parking lot Land Contract terms possible. Awesome Investment opportunity.

Full Property Details for 217 N Summit St

General

  • Sold For: $420,000
  • Taxes: $7,213
  • Status: Closed
  • Type: Single Family
  • Source: SWMRIC_MLS
  • MLS ID: 25051296
  • Added to Site: 152 day(s) ago

Parking

  • Total Spaces: 7
  • Parking Features: Aggregate, Driveway, Asphalt

Location

  • Area: Ann Arbor/Washtenaw - A
  • County: Washtenaw
  • Cross Streets: Sheridan and Congress
  • Driving Directions: North of Washtenaw South of Michigan Ave

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Window Unit(s)
  • Heating Type: Steam

Utilities

  • Utility Description: Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

Structural Information

  • # Buildings: 1
  • Construction: Block, Stone, Vinyl Siding
  • Basement: Yes
  • Year Built: 1910

Lot Features

  • Lot Size (Acres): 0.19
  • Lot Size (Sq. Ft.): 8,276
  • Frontage: Paved
  • Lot Features: Level, Sidewalk

Financial Considerations

  • Tax Amount: $7,213.1
  • Terms: Cash, Conventional, Contract
  • Landlord Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity

Disclosures and Reports

  • Legal Description: *OLD SID - 11 11-175-056-00 YP CITY 21W-79 LOT 56 EXCEPT N 7 FT CROSS & BAGLEY'S ADDITION.
  • Property ID: 11-11-40-138-023

Listed by Real Estate One Inc, Michael Lee
Sold by IKL Real Estate LLC, Imran Lateef

Listing agent

— 217 N Summit St —

  • Michael Lee

    Real Estate One Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 217 N Summit St

School District:Ypsilanti Community Schools
NameGradesDistance
Perry Early Learning Center
550 Perry Avenue, Ypsilanti, MI 48197
PK-10.8 mi
Estabrook School
1555 West Cross Street, Ypsilanti, MI 48197
2-50.8 mi
Ypsilanti Community Middle School
510 Emerick Street, Ypsilanti, MI 48198
6-81.6 mi
AC Tech High School
2095 Packard Street, Ypsilanti, MI 48197
9-121 mi
Holmes Elementary Learning Center
1255 Holmes Road, Ypsilanti, MI 48198
2-52 mi
Erickson Elementary
1427 Levona Street, Ypsilanti, MI 48198
1-52.3 mi
Ford Early Learning Center
2440 E Clark Rd, Ypsilanti, MI 48198
PK-13.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 217 N Summit St

Date
Details
Price
Change
Source
2/03/2026
Sold
$420,000
-10.62%
MLS
11/19/2025
Price Reduced
$469,900
-2.08%
MLS
10/27/2025
Price Reduced
$479,900
-4%
MLS
10/06/2025
Listed
$499,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Real Estate One Inc, Michael Lee
Sold by IKL Real Estate LLC, Imran Lateef

217 N Summit Street, Ypsilanti, MI 48197 (MLS# 25051296) is a Single Family property that was sold at $420,000 on February 03, 2026. Want to learn more about 217 N Summit Street? Do you have questions about finding other Single Family real estate for sale in Ypsilanti? You can browse all Ypsilanti real estate or contact a Coldwell Banker agent to request more information.