$185,000
$195,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
311 Washtenaw Avenue Ypsilanti, MI 48197
2,614 Sqft Lot
Key Details
Sold Price $185,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 25013236
Year Built 1884
Annual Tax Amount $4,563
Tax Year 2024
Lot Size 2,614 Sqft
Property Sub-Type 2 to 4 Units
Property Description
This Ypsilanti duplex features a 2 bedroom main level unit and a 1 bedroom upper unit. Tenants pay gas and electric. Each unit has its own furnace & water heater. Shared driveway. Currently rented at below market rents. Unit 1 rent is $700/month and Unit 2 rent is $850/month. Landlord pays water, taxes, and insurance. Total annual expenses $6,411; gross operating income $18,600; net operating income $12,189. Great proximity to downtown Ypsilanti, EMU and Depot Town. Showings begin Saturday, April 12th.
Location
State MI
County Washtenaw
Area Ann Arbor/Washtenaw - A
Interior
Heating Forced Air
Fireplaces Number 1
Exterior
Parking Features Driveway, Gravel
Utilities Available Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
View Y/N No
Roof Type Rubber
Building
Lot Description Level
Sewer Public Sewer
Structure Type Other
New Construction No
Schools
School District Ypsilanti
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Real Estate One