10
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$475,000
Est. payment /mo
2,000 SqFt
Active
206 S Huron ST Ypsilanti City, MI 48197
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $237
MLS Listing ID 81026053240
Year Built 1873
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type MultiFamily
Property Description
Investment opportunity in the heart of Ypsilanti! This fully occupied 4-unit property generates current contractual base rent of $6,265/month, or $75,180 annually, with leases extending into 2027. Available records indicate an attractive unit mix consisting of a spacious 3-bedroom unit, two 1-bedroom units and one 2-bedroom unit. Current monthly rents are $2,300, $1,300, $1,365 and $1,300. Recent ownership has completed a number of repairs, improvements and unit updates. Strong current income and an established rental history provide an appealing opportunity for an investor looking to add a well-positioned multi-unit property to their portfolio. Conveniently located near Downtown Ypsilanti, Eastern Michigan University, shopping, dining and area amenities. Financial information and leases available for review. Buyer/Buyer's Agent to independently verify unit configurations, property information, income, expenses and future property taxes.
Location
State MI
County Washtenaw
Area Area04152Ypsilanti
Interior
Heating Forced Air, Hot Water, Natural Gas, Radiant
Fireplace No
Laundry InBasement
Exterior
Parking Features Gravel
Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected
View Y/N No
Building
Foundation MichiganBasement
Sewer Public Sewer, Sewer At Street
Water Public
New Construction No
Schools
School District Ypsilanti
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Brian Bundesen of Real Estate One Inc
NEARBY SCHOOL & BUSINESS
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