917 W Cross Street Save Request In-Person Tour Request Virtual Tour
Ypsilanti,MI 48197
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active Under Contract
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)
Fireplaces Number 6
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
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