206 S Huron StreetYpsilanti, MI 48197
$475,000
Listing courtesy of Real Estate One Inc
8
Beds
2,000
Sqft
About
This Home
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.
Details
- Property Type
- Residential Income
- Style
- Multi Family
- Year Built
- 1873
- Lot Size
- 0.26 acres
- Heating
- Forced Air, Hot Water, Natural Gas, Radiant
- Annual Taxes
- $11,172
- MLS #
- 81026053240
About Ypsilanti
Home to Eastern Michigan University and historic Depot Town, with older homes full of character close to Ann Arbor.
Gallery
Listing courtesy of Real Estate One Inc. MLS # 81026053240. Information is deemed reliable but not guaranteed and should be independently verified.
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