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501 Washtenaw

Ypsilanti, MI 48197
  • $369,900
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 20221019574
UPDATED: 25 min ago
$369,900
  • 0
    BEDS
  • 0.25
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,506
    SQFT
  • $148
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1884
County:

School Ratings & Info

Description

Fantastic opportunity! GREAT LOCATION!!! Investment property close to the CAMPUS OF EASTERN MICHIGAN UNIVERSITY. Zoned: R-3; Style: 2 Unit. Each floor has 4 bedrooms & 2 Unit. Each floor has 4 bedrooms & 2 full baths. Newer shingles & exterior paint. LARGE WRAP AROUND FRONT PORCH. Great lot w/plenty of parking spaces. Updated mechanical & some updated plumbing. Newer electric circuit panels. New Boiler! Two Unit Income Property. Can be OWNER OCCUPIED. Can be expanded to create addition two bedrooms and a loft, or unique possibility in a Third possible Unit that could rent at $1,100. Certificate of Occupancy is current. City has recorded 4 bdrms downstairs and 2 full baths. City has recorded 2 full baths and 4 bdrms upstairs, there is option of a full washer/dryer in one of the upstairs bedrooms. Both units have potential rental income of possibly $1,650.00. Upstairs unit currently rented for 3 years at $1,450.00. Downstairs unit can be listed at $1,650.00 for the fall or OWNER OCCUPIED, your choice!

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©2022 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Tom Lipinski Team at Keller Williams Lakeside Market Center. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2022-08-07T18:50:37.92.
www.buyeastsidehomes.com/homes/131109022
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501 Washtenaw Ypsilanti, MI 48197

  • Price: $369,900
  • Status: Active
  • On Site: 16 Days
  • Updated: 25 min ago
  • MLS #: 20221019574
0
Beds
4
Baths
0
½ Baths
0.25
Acres
2,506
SQFT
$148
$/SQFT
1884
Built
Neighborhood:
Stucks Add
County:
Washtenaw
Area:
Ann Arbor (81021)
School District:
Ypsilanti Public School District
Property Description
Fantastic opportunity! GREAT LOCATION!!! Investment property close to the CAMPUS OF EASTERN MICHIGAN UNIVERSITY. Zoned: R-3; Style: 2 Unit. Each floor has 4 bedrooms & 2 Unit. Each floor has 4 bedrooms & 2 full baths. Newer shingles & exterior paint. LARGE WRAP AROUND FRONT PORCH. Great lot w/plenty of parking spaces. Updated mechanical & some updated plumbing. Newer electric circuit panels. New Boiler! Two Unit Income Property. Can be OWNER OCCUPIED. Can be expanded to create addition two bedrooms and a loft, or unique possibility in a Third possible Unit that could rent at $1,100. Certificate of Occupancy is current. City has recorded 4 bdrms downstairs and 2 full baths. City has recorded 2 full baths and 4 bdrms upstairs, there is option of a full washer/dryer in one of the upstairs bedrooms. Both units have potential rental income of possibly $1,650.00. Upstairs unit currently rented for 3 years at $1,450.00. Downstairs unit can be listed at $1,650.00 for the fall or OWNER OCCUPIED, your choice!
Exterior Features

Exterior Construction Wood Exterior Features Porch Frontage 0 Lot Size 60.00 X 185.00 Styles Colonial Waterfront YN No

Interior Features

Basement Type Mi BasementStone Basement YN No Fireplace YN No Fuel Type Natural Gas Heating System Hot Water Interior Features Dsl Available

Property Features

Assessments Amount 0 Financial Terms CashConventionalExchange/TradeFhaVa For Sale Or Rent For Sale Lease Information Electric IncludedHeat Included Lease YN Yes Municipality Ann Arbor Municipality Type City Net Operating Income 35100 Occupancy At Close Ownership Private Property Type Multi-Family SEV 133000 Subject To Short Sale Approval No Summer Tax Amount 3836 Total Expenses 4500 Total Tax Amount 3994 Type Duplex Winter Tax Amount 158 Zoning Multi-Family

Listing courtesy of More Group Michigan, Llc : 844-341-4663.

Source MLS: MiRealSource
Originating MLS: Realcomp

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


©2022 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Tom Lipinski Team at Keller Williams Lakeside Market Center. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2022-08-07T18:50:37.92.
 
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The Tom Lipinski Team at Keller Williams Lakeside Market Center
45609 Village Blvd.
Shelby Township MI, 48315