408 N Hamilton ST Active Save Request In-Person Tour Request Virtual Tour
Ypsilanti,MI 48197
$ 349900
- Bed
3 Baths
2800 SqFt
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 2,800 sqft
Subdivision Norris & Cross Add
MLS Listing ID 20251041154
Style Triplex
Full Baths 3
Year Built 1929
Property Sub-Type MultiFamily
Property Description
Fantastic investment opportunity! This fully occupied triplex generates $39,000 in annual gross rental income with three long-term tenants in place. Tenants pay all utilities except water.
The main floor unit offers 3 bedrooms, 1 full bath, a spacious kitchen, hardwood floors, and a bright sunroom, heated with a forced-air furnace. The upper unit features 2 bedrooms, 1 bath, and a large living room, heated by a boiler system. The basement unit includes 1 bedroom, 1 full bath, and a full kitchen, with heat provided by a wall unit.
Each unit has separate electrical meters and individual hot water tanks. Additional features include a detached garage for storage, a shared basement laundry room, and a shared driveway with ample parking for all three units.
Located within walking distance to Eastern Michigan University, this property combines stable income, strong rental demand, and a highly desirable location.
Location
State MI
County Washtenaw
Area Area04152Ypsilanti
Interior
Heating Baseboard, ForcedAir, NaturalGas, WallFurnace
Cooling CeilingFans
Laundry CommonArea, LaundryRoom
Exterior
Exterior Feature Lighting
Parking Features Garage,SharedDriveway
Fence FencingAllowed
Pool None
Community Features Sidewalks
View Y/N No
Roof Type Asphalt
Building
Foundation Basement, Block
Sewer PublicSewer
Water Public
Schools
School District Ypsilanti
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard