$295,000

514 Washtenaw Avenue, Ypsilanti, MI 48197

Multi-Family Home
Built in 1870
8,276sqft lot
—— car garage
$——/sqft
Listed 4 months ago

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!

Listing Status:: Active
Listing Office:: Beal Properties LLC : 734-662-6133
Listing Agent:: Deuntay Fields : 734-725-1595
MLS ID:: 70475433

Basement: MI Basement
Heating: Steam

General: Vinyl SidingBasement

Road/Access: City/County
Originating MLS: MiRealSource
School District: Ypsilanti Public School District
County: Washtenaw

Zoning: Buyer and buyer's agent to verify all information including unit sizeszoningand legal use. Monthly rents: Unit 1 - $900/month (1BR)Unit 2 - $2744/month (5BRtenant on government assistance). Tenants' rights apply. Property is being sold as-is.

Source: MiRealSource

This listing courtesy of Deuntay Fields, Beal Properties LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Perry Early Learning Center

550 Perry St, Ypsilanti, MI, 48197

Grades PK-1

0.77 miles away

Washtenaw International Middle Academy

105 N Mansfield St, Ypsilanti, MI, 48197

Grades 6-8

0.94 miles away

Ypsilanti Community High School

2095 Packard Rd, Ypsilanti, MI, 48197

Grades 9-12

1.32 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.