514 Washtenaw AVE Active

Ypsilanti,MI 48197

$ 295000

- Bed

- Bath

- SqFt


Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

MLS Listing ID 81025028764

Year Built 1870

Property Sub-Type MultiFamily

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 Area04152Ypsilanti

Interior

Heating NaturalGas, Steam

Cooling WindowUnits

Laundry InBasement

Exterior

Parking Features Concrete

Utilities Available NaturalGasConnected

View Y/N No

Building

Foundation MichiganBasement

Sewer PublicSewer

Water Public

Schools

School District Ypsilanti

Others

Acceptable Financing Cash, Conventional, FHA, MSHDA, VaLoan

Listing Terms Cash, Conventional, FHA, MSHDA, VaLoan

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