514 Washtenaw Avenue Active Save Request In-Person Tour Request Virtual Tour
Ypsilanti,MI 48197
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70475433
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 Multi-Family
Property Description
This charming property features two income-producing units: one vacant and one occupied. The occupied unit is a spacious 5-bedroom home rented to a long-term tenant receiving government assistance and paying $2,744/month. The vacant unit is a cozy 1-bedroom previously rented for $900/month, offering great potential for an owner-occupant or new tenant. A brand-new boiler has just been installed, providing reliable and efficient heating. With over $3,600/month in total potential rent, this property is perfect for investors seeking both 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 Ypsilanti (81033)
Rooms
Basement MI Basement
Interior
Heating Steam
Exterior
Exterior Feature Vinyl Siding
Building
Foundation Basement
Structure Type Vinyl Siding
Schools
School District Ypsilanti Public School District
Others
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA