$925,000

Estimated payment $6,703/month

Total Views 112
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 1 Fireplace
  • Baseboard Heating
  • Laundry Facilities
  • Cooling System Mounted In Outer Wall Opening

About This Home

Rare opportunity to add to your investment portfolio with this 9-unit apartment building in Ypsilanti. Eight of the units are 2 bedroom, 1 bath and are currently rented with long-term tenants. The ninth unit is a 1 bedroom, 1 bath unit and is vacant. Units have a refrigerator, stove, dishwasher, and wall A/C unit. This well-maintained building has plenty of parking for both tenants and guests. There is shared coin-operated laundry in the basement, and each unit has its own storage locker. Tenant pays for electricity (separate meters), owner pays for gas & water/sewer. Close to downtown Ypsi, Depot Town and EMU!

Last Listed By

Scott Bethune

The Charles Reinhart Company License #6501389017 Listed on: 06/11/2025

The Charles Reinhart Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,361

Year Built

  • Built in 1966

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 72.37' x 138.60'

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 1 Fireplace

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 9 Parking Spaces
  • Carport
  • Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Baseboard Heating
  • Phone Connected
  • Cable TV Available

Community Details

  • 9 Units
  • Laundry Facilities

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,361

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 925000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 9.0
  • General Property Info:Total Parking Spaces: 9.0

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Baseboard, Radiant
  • Heating: Yes
  • Laundry Features: Common Area, In Basement
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Storm Sewer

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Dimensions: 72.37' x 138.60'
  • Lot Size Sq Ft: 10019.0
  • Zoning Description: CN-Mid

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer, Gas
  • Tenant Pays: Electric

Multi Family

  • Number of Units Total: 9

Tax Info

  • Tax Annual Amount: 18361.0
  • Tax Year: 2024

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $17,499 $363,000 $0 $0
2023 $16,499 $270,100 $0 $0
2022 $17,043 $224,300 $0 $0
2021 $16,741 $216,700 $0 $0
2020 $17,117 $215,800 $0 $0
2019 $16,522 $198,700 $198,700 $0
2018 $15,500 $200,100 $0 $0
2017 $15,185 $208,400 $0 $0
2016 $15,372 $177,731 $0 $0
2015 -- $177,200 $0 $0
2014 -- $174,200 $0 $0
2013 -- $174,200 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2025 06/11/25 For Sale $925,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 25027781

Southwestern Michigan Association of REALTORS®

APN: 11-40-463-017