917 W Cross Street, Ypsilanti, MI 48197
917 W Cross Street, Ypsilanti, MI 48197
917 W Cross Street, Ypsilanti, MI 48197
$490,000
Est. payment /mo
Est.Price: ?

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0.32 Acres Lot
SOLD DATE : 10/31/2025

Key Details

Sold Price $490,000

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Sold

Purchase Type For Sale

Subdivision Normal Park

MLS Listing ID 25038754

Year Built 1870

Annual Tax Amount $8,700

Tax Year 2024

Lot Size 0.320 Acres

Property Sub-Type 5+ Units

Property Description

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.

Location

State MI

County Washtenaw

Area Ann Arbor/Washtenaw - A

Interior

Heating Forced Air

Cooling Wall Unit(s)

Exterior

Parking Features Concrete, Driveway

Utilities Available Natural Gas Available, Cable Available, Natural Gas Connected, Electricity Connected, Storm Sewer

View Y/N No

Building

Sewer Public Sewer

Structure Type Aluminum Siding

New Construction No

Schools

Elementary Schools Estabrook Elementary School

Middle Schools Ypsilanti Community Middle School

High Schools Ypsilanti Community High School

School District Ypsilanti

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by The Charles Reinhart Company
Bought with Smarte Realty

Nearby Schools & Businesses

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker | License ID: 6502389085

Broker License ID: 6502389085

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