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224 W Michigan Avenue Ypsilanti, MI 48197-5565
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Key Details
Sold Price $930,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,450 sqft
Price per Sqft $98
Subdivision Mi
MLS Listing ID 70409305
Sold Date 10/01/24
Year Built 1899
Annual Tax Amount $9,686
Tax Year 2023
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 50 x 60
Property Description
13-unit mixed use retail/office commercial and residential income property: 3 retail and 10 residential units. Solidly constructed all-brick with over 9400 sq-ft on three levels. 7 studio units, 2-2 bed and 1-3 bed units. Separate utilities, laundry room, ample private and public parking. Numerous upgrades and updates including brick facade, roof, A/C, bamboo flooring, carpet, granite, windows, appliances, more. Commercial tenants pay all utilities. Second floor: tenant pays gas and electric. Third floor: tenant pays elect. Central air on floors 1 and 3; window units on floor 2. Very close to EMU College of Business, Huron River and Riverside Park. 100% leased, and tenants require lead time for viewing requests.
Location
State MI
County Washtenaw
Area Ypsilanti (81033)
Interior
Interior Features Cable/Internet Avail.
Heating Forced Air
Exterior
Exterior Feature Brick
Amenities Available Laundry Facility
Waterfront No
Building
Lot Description Sidewalks
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Ypsilanti Public School District
Others
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Exchange/Trade
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Bought with Real Estate One
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