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Fri

Jun

Sat

Jun

Sun

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Shawn Murphy, GRI, SRES

srmurphy@ferndalerealty.com +1(888) 983-2544

$ 390,000

Est. payment | -/mo

4 Baths

2,506 SqFt

Save

$ 390,000

Est. payment | -/mo

Save

4 Baths

2,506 SqFt

OPEN HOUSE

Sat Jun 21, 1:00pm - 3:00pm

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 $155

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. The lower unit offers 4 bedrooms and 2 full bathrooms, while the upstairs unit has 3 bedrooms and 2 full bathrooms - making it ideal for student housing, multi-family living, or even owner-occupancy. You could make the lower unit your primary homestead and live affordably while generating income from the upper unit. 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 upper unit is already income-producing. For investors seeking to maximize returns, this property offers room to expand with the potential to add a studio to 1-bedroom unit on the third level that could rent for ~$1,100/month or more. Ultimately, this property is in a prime location - 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, US-23, and M-14 for effortless commuting. The cherry on the cake: it's surrounded by local amenities, parks, shopping, and dining. This property is a rare find with immediate cash flow and long-term potential.This property is a rare find with immediate cash flow and long-term potential. Open House Saturday. Showings begin Sunday.

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

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by @properties Christies Intl RE Ann Arbor

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(888) 983-2544

srmurphy@ferndalerealty.com

6230 Highway 65 NE, Minneapolis, MN, 55432, USA

501 WASHTENAW Road Ypsilanti, MI 48197 3239