Listing provided courtesy of Real Estate One IncMLS# 26025539MLS ProviderSource MLS Verified
  • 32 days on site
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Exceptional investment opportunity in the heart of Ann Arbor!Well maintained Water Hill duplex located just a couple of blocks from all Kerrytown & downtown.This versatile duplex offers both short-term and long-term income potential with permits already in place for rental and short-term rental use. Unit A is fully updated and currently operating as a successful Airbnb, featuring 2 bedrooms plus a smaller flex room perfect for a home office or guest space, 1.5 bathrooms, private basement access with washer and dryer, and its own private entry. Unit B is a separate 1-bedroom unit with an open living/dining/kitchenette area, updated full bath with tub/shower, laundry with stacked washer/dryer, enclosed rear porch/mudroom, and private entry, currently leased as a rental unit. The property also features a welcoming front porch, fenced backyard, detached two-car garage, and separate/private entrances for both units, offering excellent privacy and functionality for tenants or guests.

Source: MichRIC MLS, MLS#: 26025539

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  • Property Type
    Residential
  • Lot
    0.14 acres

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Kevin Prokopp

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 118 Felch Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/28/2026Source: Great Lakes Repository Added to Database
May 28, 2026