917 W Cross St Ypsilanti, MI 48197
Normal Park NeighborhoodEstimated payment $3,342/month
Highlights
- 0.32 Acre Lot
- Cooling System Mounted In Outer Wall Opening
- High Speed Internet
- 6 Fireplaces
- Forced Air Heating System
About This Home
Investors do not miss this tremendous value. Located just across the street from Eastern Michigan University. This prime 6 unit apartment building generates over $72,000 of gross rental income with $12,200 of expenses. Current insurance $3400 a year. Separate electric for each unit. Seller pays gas, water and waste management totaling $8,800 a year. Seller has invested over $80,000 dollars in upgrades over the last 12 months including roof and unit updates. Zero vacancy rate over the years. Step right into a generous positive cashflow with this outstanding investment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,700
Year Built
- Built in 1870
Lot Details
- 0.32 Acre Lot
- Lot Dimensions are 98x140
Home Design
- Aluminum Siding
Interior Spaces
- 6 Fireplaces
Basement
- Michigan Basement
- Crawl Space
Parking
- 8 Parking Spaces
- Driveway
Schools
- Estabrook Elementary School
- Ypsilanti Community Middle School
- Ypsilanti Community High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Forced Air Heating System
- Heating System Uses Natural Gas
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- The owner pays for water, gas
Community Details
Overview
- 6 Buildings
- 6 Units
- Normal Park Subdivision
Building Details
- Insurance Expense $3,400
- Utility Expense $8,800
- Operating Expense $12,200
- Gross Income $72,900
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $8,131 | $219,300 | $0 | $0 |
| 2024 | $8,131 | $193,800 | $0 | $0 |
| 2023 | $7,666 | $145,700 | $0 | $0 |
| 2022 | $7,919 | $133,800 | $0 | $0 |
| 2021 | $7,779 | $130,200 | $0 | $0 |
| 2020 | $7,954 | $128,300 | $0 | $0 |
| 2019 | $7,677 | $114,800 | $114,800 | $0 |
| 2018 | $7,202 | $105,800 | $0 | $0 |
| 2017 | $7,056 | $113,200 | $0 | $0 |
| 2016 | $7,143 | $82,588 | $0 | $0 |
| 2015 | -- | $82,341 | $0 | $0 |
| 2014 | -- | $79,769 | $0 | $0 |
| 2013 | -- | $79,769 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/03/2025 08/03/25 | For Sale | $499,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $169,250 | None Available |
Source: MichRIC
MLS Number: 25038754
APN: 11-40-134-002
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