$2,099,000
Ypsilanti, MI 48197
MLS# 26043634
1 / 7
Property Description
Special investment opportunity at the steps of the Eastern Michigan University Campus. This is Group 1 of 2 seven property packages - 718 Lowell St, 705 Pearl St, 118 Ballard St, 11 S Summit St, 9 S Summit St, 17 N Summit St, 805 N Congress St. Gross rent is $280,149 for these 7 properties 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 questions.
Details
Location & Property Info
Cross Streets: W Forest Ave and Lowell 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: 56x74
Financial Available: No
Financial Comments: No seller financing
Road Frontage: 56
Waterfront: No
Basement: Yes
Total # Units: 0
# of Diff Unit Floor Plans: 0
Total # Bldgs: 8
Total Parking Spaces: 4
School District: Ypsilanti
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 41382
Lot Acres: 0.95
Year Built: 1914
Tax Info
Taxable Value: 79160
SEV: 132200
For Tax Year: 2026
Seller's Annual Property Tax: 6658.67
Tax Year: 2026
Homestead %: 0
Spec Assessment & Ty: none
Tax ID #: 11-11-04-362-011
Remarks & Misc
Public Remarks: Special investment opportunity at the steps of the Eastern Michigan University Campus. This is Group 1 of 2 seven property packages - 718 Lowell St, 705 Pearl St, 118 Ballard St, 11 S Summit St, 9 S Summit St, 17 N Summit St, 805 N Congress St. Gross rent is $280,149 for these 7 properties 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 questions.
Legal: *OLD SID - 11 11-322-053-00 YP CITY 33W-4 N 56 FT OF LOT C RESURVEY OFA PART OF JENNESS ESTATE IN JARVIS' ADDT'N.
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
Wood 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
Full: 1
Partial: 1
Owner Pays
None: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Washtenaw
Street #: 718
Street Name: Lowell
Suffix: Street
State: MI
Zip Code: 48197
Zip (4): 2432
OfficeContract Info
Status: Active
Current Price: $2,099,000
List Price: $2,099,000
Listing Date: 2026-08-19
Property Features
Exterior Material: Shingle Siding; Vinyl Siding; Wood Siding; Other
Substructure: Full; Partial
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
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
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.