Ypsilanti, MI 48198,422 N River Street
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Ypsilanti, MI 48198,422 N River Street
Ypsilanti, MI 48198,422 N River Street
Ypsilanti, MI 48198,422 N River Street
Ypsilanti, MI 48198,422 N River Street

$484,750

Est. payment /mo

$450,000

7.7%
Est.Price: ?

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422 N River Street Ypsilanti, MI 48198

4,966 Sqft Lot

SOLD DATE : 01/30/2025

Key Details

Sold Price $484,750

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 25000469

Year Built 1875

Annual Tax Amount $5,104

Tax Year 2024

Lot Size 4,966 Sqft

Property Sub-Type 2 to 4 Units

Property Description

Amazing, rare investment opportunity! Charming 4-unit, multi-family income property close to the best of Ypsilanti including Depot Town, Frog Island and Riverside Parks, Hyperion and Vertex Coffee Roasters, the Ypsilanti Food Co-op, Eastern Michigan University, and more. Solid, turn-key property, very well-maintained and updated with charming vibes inside and out. Three 1-bedroom units (2 currently rented long-term) go for $1,125, and $1,150/month and efficiency unit, also currently rented, goes for $725/month. All units have their own entrance from the outside, kitchens, bathrooms, and washer/dryers (a huge plus). Newly updated Certificate of Occupancy good through 2026 with potential for short- or long-term rental potential—could also be owner occupied. Owner pays for gas and water and renters pay for separate-metered electricity. Newer boiler, 2-car garage, beautiful landscapingthis is a must see property! Owner pays for gas and water and renters pay for separate-metered electricity. Newer boiler, 2-car garage, beautiful landscapingthis is a must see property!

Location

State MI

County Washtenaw

Area Ann Arbor/Washtenaw - A

Interior

Heating Radiant

Cooling Window Unit(s)

Fireplaces Number 1

Laundry See Remarks

Exterior

Parking Features Driveway, Gravel

Utilities Available Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected, Water Available, Sewer Available

View Y/N No

Building

Lot Description Corner Lot

Sewer Public Sewer

Structure Type Other

New Construction No

Schools

School District Ypsilanti

Others

Acceptable Financing FHA, Cash, Conventional

Listing Terms FHA, Cash, Conventional

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Listed by @propertiesChristie's Int'l AA
agent

Sandi Smith

Broker | License ID: 6502130228

+1(734) 216-6414

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