MI > Ypsilanti
Ypsilanti, MI 48197,514 Washtenaw Avenue
Ypsilanti, MI 48197,514 Washtenaw Avenue
Ypsilanti, MI 48197,514 Washtenaw Avenue
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$310,000
Est. payment /mo
8,276 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality Ypsilanti City

MLS Listing ID 25028764

Year Built 1870

Annual Tax Amount $7,962

Tax Year 2024

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 51x164

Property Sub-Type 2 to 4 Units

Property Description

Historic duplex with strong cash flow in prime Ypsilanti location! This charming property features two income-producing units: a cozy 1-bedroom recently rented at $900/month, and a spacious 5-bedroom unit occupied by a long-term tenant receiving government assistance and paying $2,744/month. A brand-new boiler has just been installed, providing reliable and efficient heating. With over $3,600/month in total rent, this property is perfect for investors looking for stability and upside. Just minutes from EMU, Downtown Ypsi, and Depot Town. A rare opportunity to own a character-rich, high-yield property in a growing market!

Location

State MI

County Washtenaw

Area Ann Arbor/Washtenaw - A

Direction From I-94, take exit 183 for Huron St toward Ypsilanti. Head north on Huron St, then turn right onto Washtenaw Ave. Property will be on your left just past Hamilton St.

Rooms

Basement Michigan Basement

Interior

Heating Steam

Cooling Window Unit(s)

Fireplaces Number 1

Laundry In Basement

Exterior

Parking Features Concrete, Driveway

Utilities Available Natural Gas Available, Natural Gas Connected

Waterfront Description Other

View Y/N No

Total Parking Spaces 6

Building

Structure Type Vinyl Siding

New Construction No

Schools

School District Ypsilanti

Others

Tax ID 111140182010

Acceptable Financing VA Loan, MSHDA, FHA, Cash, Conventional

Listing Terms VA Loan, MSHDA, FHA, Cash, Conventional

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Listed by Beal Properties LLC

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agent

Alec Applebaum

+1(248) 866-8784

Broker | License ID: 6502389085

Broker License ID: 6502389085

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