MLS1
Active

1013 Fountain Street

Ann Arbor, Michigan 48103
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Bed 4

Bed

Bath 0

Bath

Acres0.16

Acre(Lot)

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 te nant 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!

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Detail Ic Property Details

Property Type : Multifamily

Price : $737,500

AD Id : 90187192

MLS Id : 81026045413

Beds : 4

Lot Size : 0.16 Acre

Year Built : 1965

Garage : Garage

County : Washtenaw

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Feature Features

  • Interior Features

    Laundry Facility,Cable Available Roof: Composition
  • Heating & Cooling

    Cooling: Wall Unit(s) Heating: Baseboard,Hot Water Heating Fuel: Natural Gas

  • Building Information

    Year Built: 1965 Total Units: 2 Roof: Composition Foundation/Basement: Slab
  • Utility Features

    Sewer: Sewer (Sewer-Sanitary),Sewer at Street,Storm Drain
  • Water

    Public (Municipal)

  • Lot Information

    Lot Size: 0.16 Lot Dimensions: 55x125 Frontage Feet: 55
  • Property Information

    Financing: Cash,Conventional

  • Listing Price Information

    Original List Price: $737,500
  • Listing Information

    Possession: Subject To Tenant Rights Legal Description: LOT 68 EXC E 117.39 FT ASSESSORS PLAT NO 46

  • Tax Information

    Annual Tax: $15,621 Parcel Number: 090920302076
  • Possession

    Subject To Tenant Rights
  • Legal Information

    Legal Description: Section: LOT 68 EXC E 117.39 FT ASSESSORS PLAT NO 46

  • Parking Information

    Parking: 4
  • Multi-Unit Information

    Road Frontage: Paved
  • Unit 2 Information

    # of Bedrooms: 2

  • School Information

    School District: Ann Arbor
  • Utility Information

    Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary),Sewer at Street,Storm Drain
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
908 Spring Street , Ann Arbor, MI, 48103 $1,039,000 4 -- -- 0.17 Acre
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1716 Orchard Street , Ann Arbor, MI, 48103 $549,000 4 -- -- 0.12 Acre
2053 Abbott Avenue , Ann Arbor, MI, 48103 $799,000 4 -- -- 0.19 Acre
413 S Revena Boulevard , Ann Arbor, MI, 48103 $534,000 4 -- -- 0.17 Acre
450-462 W Stadium Boule.., Ann Arbor, MI, 48103 $4,150,000 16 -- -- 0.07 Acre
1670 Tudor Drive , Ann Arbor, MI, 48103 $449,000 4 -- -- 0.27 Acre
233 Collingwood Drive , Ann Arbor, MI, 48103 $705,000 6 -- -- 0.20 Acre
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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 09/01/2026 @ 17:53

MLS: 81026045413 LISTED BY: Howard Watts , Coldwell Banker Professionals 734-930-0200 SOURCE: Realcomp II Ltd

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