Courtesy of The Charles Reinhart Company, Ayad Ridha

615 Pearl Street, Ypsilanti, Michigan, 48197

$549,000
0.30 Acres
10 bd
7 ba
#26042175
Popular 7 unit campus property with great parking. Unit 1- 1 bedroom 1 bath $855/month includes $60 for water and gas. Leased until 8/17/27. Unit 2- 1 bedroom 1 bath $765/month includes $50 for water and gas. Leased until 8/1/27. Unit 3 - 1 bedroom 1 bath $845/month includes $50 for water and gas. Leased until 8/14/27. Unit 4- 1 bedroom 1 bath $790/month includes $50 for water and gas and $25 pet fee. Leased until 8/2/27. Unit 5 - 2 bedroom 1 bath $1,125/month includes $50 for water and gas and $30 pet fee. Leased until 8/11/27. Unit 6 - 2 bedroom 1 bath $995/month includes $50 for water and gas. Leased until 8/21/27. Unit 7 - 2 bedroom 1 bath $1,055/month includes $50 for water and gas. Leased Until 8/1/27. Rent $6340/month. Gross rent is $77,160 for the 2026-27 school year. Boiler replaced in 2024. Roof and windows were replaced in 2022. C of O expires 11/01/2028.

PROPERTY FEATURES

  • Utilities : Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Sewer Available, Water Available
  • Water Source : Public
  • Sewer : Public Sewer
  • Parking Features: Aggregate, Driveway
  • Parking Total: 12
  • Zoning Description : CN
  • Heating on Property:
  • Heating : Natural Gas, Hot Water
  • Construction Materials: Wood Siding
  • Road Surface Type: Paved
  • Basement Description : Full
  • Basement on Property:
PROPERTY DETAILS
ID: 26042175
Status: Active
Price: $549,000
Acres: 0.30 Acres
Price Per Acre: $1,830,000
Type: Multi-family
Address: 615 Pearl Street
City, State: Ypsilanti, Michigan
County: Washtenaw
Zip Code: 48197
Lat/Long: 42.241884, -83.621646
Presented By: Ayad Ridha
Phone:
Email: Click to Contact