$2,499,000
Ypsilanti, MI 48197
MLS# 26043660
1 / 7
Property Description
Special investment opportunity at the steps of the Eastern Michigan University campus. This is group 2 of 2 seven property packages - 615 Pearl St, 351 S Mansfield St, 212 N Summit St, 125 N Summit St, 124 N Summit St, 116 N Summit St, 106 N Summit St. Gross rent for these 7 properties is $355,820 for the 2026-27 school year. For specific property information, refer to the individually listed properties. These are well kept properties and opportunities like this are rare. No seller financing. Contact listing agent with any question.
Details
Location & Property Info
Cross Streets: N Normal St and Pearl St
Property Sub-Type: 5+ Units
Municipality: Ypsilanti Twp
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 66x194
Financial Available: No
Financial Comments: No seller financing
Road Frontage: 66
Waterfront: No
Basement: Yes
Total # Units: 0
# of Diff Unit Floor Plans: 0
Total # Bldgs: 7
Total Parking Spaces: 12
School District: Ypsilanti
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 12981
Lot Acres: 0.3
Year Built: 1880
Tax Info
Taxable Value: 173928
SEV: 264500
For Tax Year: 2026
Seller's Annual Property Tax: 14630.43
Tax Year: 2026
Homestead %: 0
Spec Assessment & Ty: none
Zoning: CN
Tax ID #: 11-11-40-464-012
Remarks & Misc
Public Remarks: Special investment opportunity at the steps of the Eastern Michigan University campus. This is group 2 of 2 seven property packages - 615 Pearl St, 351 S Mansfield St, 212 N Summit St, 125 N Summit St, 124 N Summit St, 116 N Summit St, 106 N Summit St. Gross rent for these 7 properties is $355,820 for the 2026-27 school year. For specific property information, refer to the individually listed properties. These are well kept properties and opportunities like this are rare. No seller financing. Contact listing agent with any question.
Legal: *OLD SID - 11 11-625-035-00 YP CITY 52W-51 N 8/18 OF LOT 4 CROSS & BAGLEY'S ADDITION AND LOT 35& W 4 FT OF LOT 36 STUCKS ADDITION OWNED AND OCCUPIED AS ONE PARCEL.
Street Type
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Exterior Material
Shingle Siding: 1
Vinyl Siding: 1
Other: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Hot Water: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Sewer: 1
Trash: 1
Water: 1
Substructure
Crawl Space: 1
Full: 1
Owner Pays
None: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Washtenaw
Street #: 615
Street Name: Pearl
Suffix: Street
State: MI
Zip Code: 48197
Zip (4): 2634
OfficeContract Info
Status: Active
Current Price: $2,499,000
List Price: $2,499,000
Listing Date: 2026-08-19
Remarks Misc
Directions: N Normal St to Pearl St.
Property Features
Exterior Material: Shingle Siding; Vinyl Siding; Other
Substructure: Crawl Space; Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Public Sewer; Public Water
Owner Pays: None
Tenant Pays: Electric; Gas; Sewer; Trash; Water
Heat Source: Natural Gas
Heat Type: Forced Air; Hot Water
Street Type: Public
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Listing Office: The Charles Reinhart Company
Listing Agent: Ayad Ridha
Last Updated: August - 20 - 2026
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