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$ 295,000
Est. payment /mo
Active
514 Washtenaw AVE Ypsilanti, MI 48197
8,276 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 81025028764
Year Built 1870
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type MultiFamily
Property Description
This charming property features two income-producing units: one vacant and one occupied. The occupied unit is a spacious 5-bedroom home rented to a long-term tenant receiving government assistance and paying $2,744/month. The vacant unit is a cozy 1-bedroom previously rented for $900/month, offering great potential for an owner-occupant or new tenant. A brand-new boiler has just been installed, providing reliable and efficient heating. With over $3,600/month in total potential rent, this property is perfect for investors seeking both stability and upside. Just minutes from EMU, Downtown Ypsi, and Depot Town -- a rare opportunity to own a character-rich, high-yield property in a growing market!
Location
State MI
County Washtenaw
Area Area04152Ypsilanti
Interior
Heating NaturalGas, Steam
Cooling WindowUnits
Laundry InBasement
Exterior
Parking Features Concrete
Utilities Available NaturalGasConnected
View Y/N No
Building
Foundation MichiganBasement
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Ypsilanti
School District Ypsilanti
Others
Acceptable Financing Cash, Conventional, FHA, MSHDA, VaLoan
Listing Terms Cash, Conventional, FHA, MSHDA, VaLoan
©2025 Realcomp II Ltd. Shareholders
Listed by Deuntay Fields of Beal Properties LLC
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