$499,900
Ypsilanti, MI 48197
MLS# 24010126
1 / 27
Property Description
Unlock this rare investment opportunity in Ypsilanti, MI, with a package deal consisting of two buildings - a 2-unit and a 3-unit property. Perfect for savvy investors, this package offers multiple rental units with income potential. Conveniently located and ready for your vision, seize this opportunity to expand your portfolio. Schedule a showing today to secure this lucrative package deal! (Seller is willing to sell separately.)
Details
Maps
Location & Property Info
County: Washtenaw
Street #: 804
Street Direction: W
Street Name: Michigan
Suffix: Avenue
State: MI
Zip Code: 48197
Zip (4): 5224
Cross Streets: S Summit St
Property Sub-Type: 5+ Units
Area: Ann Arbor/Washtenaw - A
Municipality: Ypsilanti Twp
Ownership Type: Broker/Agent Owned
Office/Contract Info
Status: Active
Current Price: $499,900
List Price: $499,900
Auction or For Sale: For Sale
Sub Agency Type: Other
Buyer Agency: 2.5
Buyer Agency Type: %
Trans Coord Type: Other
Listing Date: 2024-03-01
General Property Info
Lot Measurement: Acres
Lot Square Footage: 7405
Lot Acres: 0.17
Year Built: 1893
New Construction: No
Total # Units: 5
# of Diff Unit Floor Plans: 5
Total # Bldgs: 2
Total Parking Spaces: 5
Waterfront: No
School District: Ypsilanti
Tax Info
Tax ID #: 11-11-40-462-018
SEV: 131500
For Tax Year: 2023
Tax Year: 2023
Remarks & Misc
Directions: Google Maps
Legal: *OLD SID - 11 11-060-019-00 YP CITY 10W-19 LOT 19 ASSESSOR'S PLAT NUMBER 10.
Access Feat
Accessibility Features: No
Income and Expenses
Gross Op. Inc.: 65676
Unit 1
Unit #: 1
Unit Description: 804(expires 4/30/24)
SqFt: 1375
Occupied: Yes
Monthly Rent: 1300
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: 804(expires 8/25/24)
SqFt: 800
Occupied: Yes
Monthly Rent: 863
Bedrooms: 2
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Unit 3
Unit #: 3
Unit Description: 804(expires12/27/24)
SqFt: 995
Occupied: Yes
Monthly Rent: 995
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 1
Unit Description: 804(expires12/31/24)
SqFt: 732
Occupied: Yes
Monthly Rent: 1320
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 5
Unit Description: 804(expires12/31/24)
SqFt: 732
Occupied: Yes
Monthly Rent: 1320
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Exterior Material: Vinyl Siding
Substructure: Michigan Basement
Sewer: Public
Water: Public
Utilities Attached: Electric; Natural Gas
Util Avail at Street: None
Owner Pays: Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Terms Available: Cash; Conventional
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Unit 3: Range/Oven; Refrigerator
Unit 4: Range/Oven; Refrigerator
Listing Office: Keller Williams Ann Arbor
Listing Agent: Lee Marshall
Last Updated: March - 01 - 2024
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