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$ 400,000
Est. payment | /mo
4 Baths
2,506 SqFt
$ 400,000
Est. payment | /mo
4 Baths
2,506 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,506 sqft
Price per Sqft $159
Subdivision Mi
MLS Listing ID 60368547
Full Baths 4
Year Built 1884
Annual Tax Amount $13,082
Lot Dimensions 60.00 x 185.00
Property Sub-Type Multi-Family
Property Description
***Turn-Key Investment Property On Eastern Michigan University’s Campus! This exceptional duplex, zoned R-3, offers incredible income potential just steps from Eastern Michigan University's campus. Lower unit offers 4 bedrooms and 2 full bathrooms, while the upstairs units has 3 bedrooms and 2 full bathrooms making it ideal for student housing or multi-family living. The property features newer shingles, exterior paint, updated mechanicals, plumbing, electric circuit panels, and a newer boiler, ensuring low-maintenance ownership. Enjoy the charm of the large wraparound front porch and the convenience of a generous lot with ample parking spaces. The Certificate of Occupancy is current, and the units are already income-producing. For investors seeking to maximize returns, this property offers room to expand with the potential to add a studio to 2 bedroom that could rent for ~ $1,100/month+ on the third level. Ultimately this property is in a prime location. You will find that it is walking distance to Downtown Ypsilanti, Depot Town, and EMU Campus. A short drive to the University of Michigan, Downtown Ann Arbor, and St. Joseph's & U-M Hospitals as well as easy access to I-94 and US-23 and M-14 for effortless commuting. The cherry on the cake is that it is surrounded by local amenities, parks, shopping, and dining. This property is a rare find with immediate cash flow and long-term potential.
Location
State MI
County Washtenaw
Area Ypsilanti (81033)
Zoning Multi-Family
Rooms
Basement MI Basement
Interior
Heating Hot Water
Fireplace No
Exterior
Exterior Feature Other
Building
Water Public Water
Structure Type Other
Schools
School District Ypsilanti Public School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by @properties Christies Intl RE Ann Arbor
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