1013 Fountain Street, Ann Arbor, MI 48103
1013 Fountain Street, Ann Arbor, MI 48103
1013 Fountain Street, Ann Arbor, MI 48103
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$737,500
Est. payment /mo
2 Baths
6,882 Sqft Lot
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Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality Ann Arbor

MLS Listing ID 26045413

Year Built 1965

Annual Tax Amount $15,621

Tax Year 2026

Lot Size 6,882 Sqft

Acres 0.16

Lot Dimensions 55x125

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

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. 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! 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!

Location

State MI

County Washtenaw

Direction Brooks to Summit, turn N on Fountain

Rooms

Basement Slab

Interior

Heating Baseboard, Hot Water

Cooling Wall Unit(s)

Laundry Electric Dryer Hookup, Gas Dryer Hookup, In Unit, Main Level, Upper Level, Washer Hookup

Exterior

Parking Features Asphalt, Driveway

Utilities Available Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 4

Building

Sewer Public Sewer

Structure Type Block,Stucco,Wood Siding

New Construction No

Schools

Elementary Schools Wines Elementary School

Middle Schools Forsythe Middle School

High Schools Skyline High School

School District Ann Arbor

Others

Tax ID 09-09-20-302-076

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.smartfloorplan.com/mi/v513023/player.pl

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Listed by Coldwell Banker Professionals

Nearby School & Business

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker License ID: 6502389085

Broker License ID: 6502389085

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