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715 Washtenaw Avenue Ypsilanti, MI 48197-2754
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Key Details
Sold Price $2,700,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70418830
Sold Date 11/01/24
Year Built 1962
Annual Tax Amount $39,563
Tax Year 2023
Lot Size 0.840 Acres
Acres 0.84
Lot Dimensions Irregular
Property 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.
Location
State MI
County Washtenaw
Area Ypsilanti (81033)
Rooms
Basement Egress/Daylight Windows, Other
Interior
Heating Baseboard
Exterior
Exterior Feature Brick, Wood
Waterfront No
Building
Foundation Basement
Water Public Water
Structure Type Brick,Wood
Schools
School District Ypsilanti Public School District
Others
Energy Description Electric
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Conventional
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Bought with LPS