206 S Huron Street, Ypsilanti, MI 48197

$475,000
9
BA

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List Price
$475,000
Days on Market
30
MLS#
26053240
Status
ACTIVE
Type
Multifamily
Bathrooms
9

Property Description

Investment opportunity in the heart of Ypsilanti! This fully occupied 4-unit property generates current contractual base rent of $6,265/month, or $75,180 annually, with leases extending into 2027. Available records indicate an attractive unit mix consisting of a spacious 3-bedroom unit, two 1-bedroom units and one 2-bedroom unit. Current monthly rents are $2,300, $1,300, $1,365 and $1,300. Recent ownership has completed a number of repairs, improvements and unit updates. Strong current income and an established rental history provide an appealing opportunity for an investor looking to add a well-positioned multi-unit property to their portfolio. Conveniently located near Downtown Ypsilanti, Eastern Michigan University, shopping, dining and area amenities. Financial information and leases available for review. Buyer/Buyer's Agent to independently verify unit configurations, property information, income, expenses and future property taxes.

Additional Information

Owner Pays
None
Taxes
$11,172
Acres
0.26
Basement
Michigan Basement
Heating
Forced Air, Hot Water, Radiant
School District
Ypsilanti
Sewer
Public Sewer
Tenant Pays
Electricity, Gas, Water
Total Parking Spaces
5
Utilities
Natural Gas Connected, Electricity Connected
Water
Public Water

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Brian Bundesen from Listing Office: Real Estate One Inc.

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