514 Washtenaw Avenue new Save Request In-Person Tour Request Virtual Tour
Ypsilanti,MI 48197
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 81025028764
Bedrooms 1
Year Built 1870
Annual Tax Amount $7,962
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 51x164
Source Greater Metropolitan Association of REALTORS®
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 Ypsilanti
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.
Interior
Interior Features Laundry Facility
Heating Steam
Cooling Window Unit(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Garage Spaces 6.0
Garage no
Building
Foundation Michigan Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Vinyl
Schools
School District Ypsilanti
Others
Pets Allowed Yes
Tax ID 111140182010
Acceptable Financing Cash,Conventional,FHA,VA
Listing Terms Cash,Conventional,FHA,VA
Financing Cash,Conventional,FHA,VA