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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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1013 Fountain St , Ann Arbor, MI 48103
$737,500
Est. Payment: $1,638.89/mo
0 Bed
2 Bath
0 Sqft
Status: Active | Days on site: 16
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House 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 new boilers (4 & 6 years ago). Unit 1 is vacant and offers nearly 1600sf - 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. Home Energy Score of 3. Download report at osi.a2gov.org/herd 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!

Highlights

Listed by Howard Watts , 734-645-3907 and Glenda Gerbstadt , 734-646-4463 Coldwell Banker Professionals , 734-930-0200.

Property Type

Multi-Family

Lot/Acreage
0.16

Year Built

1965

County

Washtenaw

School District

Ann Arbor

Listing ID

26045413

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:
Air Cond:Wall Unit(s)
Fireplaces:
Basement:Slab

Exterior Features

Garage Capacity:4
Roof:Composition
Sewer:Public Sewer
Parking Features:Asphalt,Driveway
Principal Interest
$1,639
Taxes
$1,302

Home Price

$737,500

Loan Details

30 yrs
%

Down Payment

20%
$147,500
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,638.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,638.89 $1,301.75 $0.00 $2,940.64
Yearly $19,666.67 $15,621.00 $0.00 $35,287.67
Total $590,000.00 $468,630.00 $0.00 $1,058,630.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Ann Arbor, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.