425 N Adams Street, Ypsilanti, Michigan, 48197
0.18 Acres
4 bd
4 ba
#26052740
Fully occupied 4-unit investment property in Ypsilanti featuring four 1-bedroom, 1-bath units and $37,740 in current annual rental income, including garage income. All four units are currently rented, providing an investor with established cash flow from day one. Each unit offers a practical layout, with locked private storage for each tenant in the basement and shared washer and dryer facilities. The property also includes a detached garage, currently generating additional rental income. Conveniently located near downtown Ypsilanti, Eastern Michigan University, shopping, dining, parks and major commuter routes. A great opportunity to add a fully rented, income-producing multifamily property to your investment portfolio with potential for future rental growth.
PROPERTY FEATURES
- Utilities : Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected, Sewer Available, Water Available
- Water Source : Public
- Sewer : Public Sewer
- Community Features : Sidewalks
- Parking Features: Driveway, Gravel
- Parking Total: 6
- Garage on Property:
- Zoning Description : R-2
- Cooling on Property:
- Cooling: Window Unit(s)
- Heating on Property:
- Heating : Natural Gas, Forced Air
- Construction Materials: Aluminum Siding, Brick
- Roof: Composition
- Road Surface Type: Paved
- Basement Description : Full
- Basement on Property:
- Laundry Features : Common Area, In Basement
- Other Structures: Storage
PROPERTY DETAILS
ID: 26052740
Status: Active
Price: $375,000
Acres: 0.18 Acres
Price Per Acre: $2,083,333
Type: Multi-family
Address: 425 N Adams Street
City, State: Ypsilanti, Michigan
County: Washtenaw
Zip Code: 48197
Lat/Long: 42.247063, -83.616447
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