1013 Fountain Street, Ann Arbor, MI 48103
- $737,500
- 2
- BA
- List Price
- $737,500
- Days on Market
- 15
- MLS#
- 26045413
- Status
- ACTIVE
- Type
- Multifamily
- Bathrooms
- 2
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 is now vacant and 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 tenant occupied through early October 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. 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!
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Additional Information
- Owner Pays
- Trash Collection
- Taxes
- $15,621
- Acres
- 0.16
- Basement
- Slab
- Heating
- Baseboard, Hot Water
- Roofing
- Composition
- School District
- Ann Arbor
- Sewer
- Public Sewer
- Tenant Pays
- Electricity, Gas, Sewer, Water
- Total Parking Spaces
- 4
- Utilities
- Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected, Storm Sewer
- Water
- Public Water
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Listing courtesy of Listing Agent: Howard Watts from Listing Office: Coldwell Banker Professionals.
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