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Jasmine Sheffield

jasmine@jasminesheffield.com +1(734) 624-7562

$ 475,000

Est. payment | -/mo

2,000 SqFt

Save

$ 475,000

Est. payment | -/mo

Save

2,000 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $237

MLS Listing ID 81026053240

Year Built 1873

Lot Size 0.260 Acres

Acres 0.26

Property Sub-Type MultiFamily

Property Description

Investment opportunity in the heart of Ypsilanti! This fully occupied 4-unit property generates current contractual base rent of $6,265/month, or $75,180 annually, with leases extending into 2027. Available records indicate an attractive unit mix consisting of a spacious 3-bedroom unit, two 1-bedroom units and one 2-bedroom unit. Current monthly rents are $2,300, $1,300, $1,365 and $1,300. Recent ownership has completed a number of repairs, improvements and unit updates. Strong current income and an established rental history provide an appealing opportunity for an investor looking to add a well-positioned multi-unit property to their portfolio. Conveniently located near Downtown Ypsilanti, Eastern Michigan University, shopping, dining and area amenities. Financial information and leases available for review. Buyer/Buyer's Agent to independently verify unit configurations, property information, income, expenses and future property taxes.

Location

State MI

County Washtenaw

Area Area04152Ypsilanti

Interior

Heating Forced Air, Hot Water, Natural Gas, Radiant

Fireplace No

Laundry InBasement

Exterior

Parking Features Gravel

Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected

View Y/N No

Building

Foundation MichiganBasement

Sewer Public Sewer, Sewer At Street

Water Public

New Construction No

Schools

School District Ypsilanti

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Brian Bundesen of Real Estate One Inc

NEARBY SCHOOL & BUSINESS

+1(734) 624-7562

jasmine@jasminesheffield.com

42949 W Seven Mile Rd, Northville, MI 48167, United States

206 S Huron ST Ypsilanti City, MI 48197

Jasmine Sheffield

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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206 S Huron ST