422 N River Street Pending Save Request In-Person Tour Request Virtual Tour
Ypsilanti,MI 48198-2855
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70447128
Year Built 1875
Annual Tax Amount $5,104
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 4966 SF
Property Description
Amazing, rare investment opportunity! Charming 4-unit, multi-family income property close to the best of Ypsilanti including Depot Town, Frog Island and Riverside Parks, Hyperion and Vertex Coffee Roasters, the Ypsilanti Food Co-op, Eastern Michigan University, and more. Solid, turn-key property, very well-maintained and updated with charming vibes inside and out. Three 1-bedroom units (2 currently rented long-term) go for $1,125, and $1,150/month and efficiency unit, also currently rented, goes for $725/month. All units have their own entrance from the outside, kitchens, bathrooms, and washer/dryers (a huge plus). Newly updated Certificate of Occupancy good through 2026 with potential for short- or long-term rental potential--could also be owner occupied.
Location
State MI
County Washtenaw
Area Ypsilanti (81033)
Rooms
Basement MI Basement
Interior
Heating Radiant
Exterior
Exterior Feature Other
Building
Foundation Basement
Water Public Water
Structure Type Other
Schools
School District Ypsilanti Public School District
Others
Energy Description Natural Gas
Financing Cash,Conventional,FHA