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$ 295,000
Est. payment /mo
Active
514 Washtenaw AVE Ypsilanti, MI 48197
UPDATED:
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
©2025 Realcomp II Ltd. Shareholders
Listed by Deuntay Fields of Beal Properties LLC
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