$737,500
Ann Arbor, MI 48103
MLS# 26045413
1 / 60
Property Description
Great investment opportunity or owner-occupied living in the heart of sought-after Water Hill! Tucked away in a secluded setting, this distinctive Swiss-chalet-style duplex is anything but a typical rental property. Both 2-bedroom, 1-bath units offer open floorplans, updated kitchens and tiled baths, with each unit featuring its own 2-car garage plus private deck and patio. Major recent updates include a new roof in 2025 and newer boilers, just 4 and 6 years old. Unit 1 offers nearly 1,600 sq. ft. and is ideally suited for owner-occupied living, featuring a dramatic upper-level loft/family room/flex space with soaring cathedral ceilings & skylights, plus a substantial additional area offering excellent potential for future finishing or abundant storage. Unit 2 is occupied by a long-term tenant on month-to-month terms and features skylights in the kitchen & bathroom. Convenient to downtown Ann Arbor, U of M Central Campus, parks, shopping, dining and more. City HERD result to follow.
Details
Location & Property Info
Cross Streets: E of Brooks, N of Summit
Property Sub-Type: 2 to 4 Units
Municipality: Ann Arbor
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 304.25
General Property Info
New Construction: No
Lot Dimensions: 55x125
Road Frontage: 55
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2026-04-03
Waterfront: No
Basement: No
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 2424
Total Parking Spaces: 4
School District: Ann Arbor
Elementary School: Wines Elementary School
High School: Skyline High School
Middle School: Forsythe Middle School
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 6882
Lot Acres: 0.16
Year Built: 1965
Tax Info
Taxable Value: 231452
SEV: 347300
For Tax Year: 2026
Seller's Annual Property Tax: 15621
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: N/A
Zoning: R2A
Tax ID #: 09-09-20-302-076
Remarks & Misc
Public Remarks: Great investment opportunity or owner-occupied living in the heart of sought-after Water Hill! Tucked away in a secluded setting, this distinctive Swiss-chalet-style duplex is anything but a typical rental property. Both 2-bedroom, 1-bath units offer open floorplans, updated kitchens and tiled baths, with each unit featuring its own 2-car garage plus private deck and patio. Major recent updates include a new roof in 2025 and newer boilers, just 4 and 6 years old. Unit 1 offers nearly 1,600 sq. ft. and is ideally suited for owner-occupied living, featuring a dramatic upper-level loft/family room/flex space with soaring cathedral ceilings & skylights, plus a substantial additional area offering excellent potential for future finishing or abundant storage. Unit 2 is occupied by a long-term tenant on month-to-month terms and features skylights in the kitchen & bathroom. Convenient to downtown Ann Arbor, U of M Central Campus, parks, shopping, dining and more. City HERD result to follow.
Legal: LOT 68 EXC E 117.39 FT ASSESSORS PLAT NO 46
Income and Expenses
Annual Insurance: 2879
Annual Maintenance: 1200
Annual Mgmt. Fees: 0
Annual Utilities: 0
Gross Op. Inc.: 42000
Net Operating Income: 22345
Operating Expense: 19655
Street Type
Paved: 1
Public: 1
Util Avail at Street
High Speed Internet: 1
Public Sewer: 1
Public Water: 1
Storm Sewer: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Laundry Features
Electric Dryer Hookup: 1
Gas Dryer Hookup: 1
In Unit: 1
Main Level: 1
Upper Level: 1
Washer Hookup: 1
Exterior Material
Block: 1
Stucco: 1
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Baseboard: 1
Hot Water: 1
Air Conditioning
Wall Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Sewer: 1
Water: 1
Driveway
Asphalt: 1
Easement: 1
Shared Paved: 1
Substructure
Slab: 1
Extras
Garages: 1
Owner Pays
Trash Collection: 1
Unit 1
Unit #: 1
Unit Description: 2 Story
SqFt: 1584
Occupied: Yes
Monthly Rent: 2050
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Deck/Patio: 1
Dishwasher: 1
Garage: 1
Garb Disp: 1
Range Oven: 1
Refrigerator: 1
W/D Hookup: 1
Washer/Dryer: 1
Unit 2
Unit #: 2
Unit Description: Ranch
SqFt: 840
Occupied: Yes
Monthly Rent: 1450
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Deck/Patio: 1
Dishwasher: 1
Fireplace: 1
Garage: 1
Garb Disp: 1
Range/Oven: 1
Refrigerator: 1
W/D Hookup: 1
Washer/Dryer: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Washtenaw
Street #: 1013
Street Name: Fountain
Suffix: Street
State: MI
Zip Code: 48103
Zip (4): 3292
OfficeContract Info
Status: Active
Current Price: $737,500
List Price: $737,500
Listing Date: 2026-08-27
Remarks Misc
Directions: Brooks to Summit, turn N on Fountain
Property Features
Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; In Unit; Main Level; Upper Level; Washer Hookup
Exterior Material: Block; Stucco; Wood Siding
Roofing: Composition
Substructure: Slab
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: High Speed Internet; Public Sewer; Public Water; Storm Sewer
Extras: Garages
Owner Pays: Trash Collection
Tenant Pays: Electric; Gas; Sewer; Water
Heat Source: Natural Gas
Heat Type: Baseboard; Hot Water
Air Conditioning: Wall Unit(s)
Driveway: Asphalt; Easement; Shared Paved
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: Deck/Patio; Dishwasher; Garage; Garb Disp; Range Oven; Refrigerator; W/D Hookup; Washer/Dryer
Unit 2: Deck/Patio; Dishwasher; Fireplace; Garage; Garb Disp; Range/Oven; Refrigerator; W/D Hookup; Washer/Dryer
Supplements
Current rents of $2,050 and $1,450 per month are below market, presenting an excellent opportunity for increased income and future upside. Certificate of Occupancy in place through April 2028. A rare opportunity to own a distinctive duplex in one of Ann Arbor's most desirable neighborhoods!
Listing Office: Coldwell Banker Professionals
Listing Agent: Howard Watts
Last Updated: August - 27 - 2026
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