$2,650,000
For Sale

715 Washtenaw Avenue

Ypsilanti, MI 48197
Browse 17 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Rare opportunity for this 3 property offering within a 3 minute walk to Eastern Michigan University campus! 27 unit well maintained apartment buildings (2) plus two adjacent rental properties on a total of 0.84 acres. 2 apartment buildings contain eighteen 1 bedroom, three 2 bedroom, and 6 efficiency units. Included in this sale are 208 N Normal St and 214 N Normal St. 208 N Normal St is a 5 bedroom 2 bath rental property. 214 N Normal St is a 4 bedroom 1 bath rental property. 715 Washtenaw has $258,703 in rental income. 208 N Normal has $23,530 in rental income. 214 N Normal has $19,200 in rental income. The buildings have 60 mil GAF Everguard TPO roofs that were installed in 2016.

  • Interior Details
      • CoolingWall Unit(s)
      • HeatingBaseboard
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1962
  • Community and Neighborhood Details
      • School DistrictYpsilanti
      • CountyWashtenaw
      • RegionYpsilanti
      • ZoningOther
  • Financial Details
      • Original List Price$2,650,000
  • Other
      • MLS #81024036375

Location

Workhorse Realty LLCReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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