MI > Ypsilanti > Ypsilanti City
Ypsilanti, MI 48197,501 WASHTENAW Road
Ypsilanti, MI 48197,501 WASHTENAW Road
Ypsilanti, MI 48197,501 WASHTENAW Road
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$375,000
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4 Baths
Price Dropped by $15K

501 WASHTENAW Road Ypsilanti, MI 48197

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Chris Buckely

Chris Buckely

+1(312) 313-5553

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Ypsilanti City

Subdivision Ypsilanti City

MLS Listing ID 20250007590

HOA Y/N true

Year Built 1884

Annual Tax Amount $13,082

Lot Dimensions 60.00 x 185.00

Source Realcomp

Property Description

***Turn-Key Investment Property On Eastern Michigan University's Campus!This exceptional duplex, zoned R-3, offers incredible income potential just steps from Eastern Michigan University's campus. The lower unit offers 4 bedrooms and 2 full bathrooms, while the upstairs unit has 3 bedrooms and 2 full bathrooms—making it ideal for student housing, multi-family living, or even owner-occupancy. You could make the lower unit your primary homestead and live affordably while generating income from the upper unit.The property features newer shingles, exterior paint, updated mechanicals, plumbing, electric circuit panels, and a newer boiler, ensuring low-maintenance ownership. Enjoy the charm of the large wraparound front porch and the convenience of a generous lot with ample parking spaces. The Certificate of Occupancy is current, and the upper unit is already income-producing.For investors seeking to maximize returns, this property offers room to expand with the potential to add a studio to 1-bedroom unit on the third level that could rent for ~$1,100/month or more. Ultimately, this property is in a prime location—walking distance to Downtown Ypsilanti, Depot Town, and EMU Campus. A short drive to the University of Michigan, Downtown Ann Arbor, and St. Joseph's & U-M Hospitals, as well as easy access to I-94, US-23, and M-14 for effortless commuting.The cherry on the cake: it's surrounded by local amenities, parks, shopping, and dining. This property is a rare find with immediate cash flow and long-term potential.This property is a rare find with immediate cash flow and long-term potential.Open House Saturday. Showings begin Sunday.

Location

State MI

County Washtenaw

Area Ann Arbor/Washtenaw - A

Zoning Multi-Family

Direction North On Huron, West On Cross. South On Ballard. West Into The Parking Lot On The Corner Of Washtenaw And Ballard

Rooms

Basement Michigan Basement

Interior

Heating Hot Water

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Sewer Public

Water Public

Structure Type Other

Schools

School District Ypsilanti

Others

Tax ID 111140416015

Acceptable Financing Cash

Listing Terms Cash

Listed by @properties Christies Intl RE Ann Arbor

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agent

Chris Buckely

IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311

+1(312) 313-5553

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501 WASHTENAW Road

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