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$ 479,900
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Active
217 N Summit ST Ypsilanti, MI 48197
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 81025051296
Year Built 1910
Property Sub-Type MultiFamily
Property Description
Investors take note of this 7 Unit Income property in Ypsilanti steps from the Eastern Michigan Campus. Over $72,000 in gross rental income, $11,114 in expenses. Separate electric for units. Current insurance is $4848.00. Extremely low vacancy rate over the years. Updates in the last 4 years include Roof, Heating system, driveway and parking lot and some unit updates. Awesome Investment opportunity.
Location
State MI
County Washtenaw
Area Area04152Ypsilanti
Rooms
Basement Daylight, Full
Interior
Heating NaturalGas, Steam
Cooling WindowUnits
Laundry CommonArea, InBasement
Exterior
Parking Features Aggregate, Asphalt
Community Features Sidewalks
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected
View Y/N No
Building
Lot Description Level
Sewer PublicSewer
Water Public
Schools
School District Ypsilanti
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Michael Lee of Real Estate One Inc
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