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Key Details
Sold Price $185,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 81025013236
Bedrooms 2
Year Built 1884
Annual Tax Amount $4,563
Lot Size 2,613 Sqft
Property Description
This Ypsilanti duplex features a 2 bedroom main level unit and a 1 bedroom upper unit. Tenants pay gas and electric. Each unit has its own furnace & water heater. Shared driveway. Currently rented at below market rents. Unit 1 rent is $700/month and Unit 2 rent is $850/month. Landlord pays water, taxes, and insurance. Total annual expenses $6,411; gross operating income $18,600; net operating income $12,189. Great proximity to downtown Ypsilanti, EMU and Depot Town. Showings begin Saturday, April 12th.
Location
State MI
County Washtenaw
Area Ypsilanti
Zoning Other
Interior
Heating Forced Air
Exterior
Garage Spaces 1.0
Roof Type Rubber
Building
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street, Storm Drain
Water Public (Municipal)
Structure Type Other
Schools
School District Ypsilanti
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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