Property Type:
Multi Family
Lot Size (sq. ft.):
19,166
Status:
Sold
Current Price:
$2,650,000
List Date:
10/01/2024
Last Modified:
11/05/2024
715 Washtenaw Avenue, Ypsilanti, MI 48197
$2,700,000
Description
Rare opportunity for this 3 property offering within a 3 minute walk to Eastern Michigan University campus! 27 unit well maintained apartment buildings (2) plus two adjacent rental properties on a total of 0.84 acres. 2 apartment buildings contain eighteen 1 bedroom, three 2 bedroom, and 6 efficiency units. Included in this sale are 208 N Normal St and 214 N Normal St. 208 N Normal St is a 5 bedroom 2 bath rental property. 214 N Normal St is a 4 bedroom 1 bath rental property. 715 Washtenaw has $258,703 in rental income. 208 N Normal has $23,530 in rental income. 214 N Normal has $19,200 in rental income. The buildings have 60 mil GAF Everguard TPO roofs that were installed in 2016.
More Information MLS# 24036375
Location & Property Info
Cross Streets: Washtenaw Ave and N Normal
Property Sub-Type: 5+ Units
Municipality: Ypsilanti City
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: Irregular
Road Frontage: 210
Waterfront: No
Basement: Yes
Total # Units: 27
# of Diff Unit Floor Plans: 3
Total # Bldgs: 4
Total Parking Spaces: 37
School District: Ypsilanti
Lot Measurement: Acres
Lot Square Footage: 19166
Lot Acres: 0.84
Year Built: 1962
Tax Info
Taxable Value: 507130
SEV: 798300
For Tax Year: 2023
Seller's Annual Property Tax: 39563
Tax Year: 2023
Homestead %: 0
Spec Assessment & Ty: NONE
Zoning: CN
Tax ID #: 11-11-40-430-001
Remarks & Misc
Legal: *OLD SID - 11 11-175-023-00 YP CITY 21W-33 PT. OF LOTS 22 & 23, COM AT NW COR OF LOT 23, TH S 136.88', TH E 83' TH S 50', TH W 83', TH S 42', TH E 100', TH S 3', TH E 67.51', TH N 126.8' TO N LINE OF LOT22, TH NWLY ON N LINE OF LOTS 22 & 23 APPROX. 200' TOBEG. CROSS & BAGLEY'S ADDITION.
Street Type
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
No: 1
Exterior Material
Brick: 1
Wood Siding: 1
Heat Source
Electric: 1
Sale Conditions
None: 1
Heat Type
Baseboard: 1
Air Conditioning
Wall Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Driveway
Asphalt: 1
Substructure
Daylight: 1
Full: 1
Other: 1
Owner Pays
Sewer: 1
Water: 1
Unit 1
Unit Description: 2 Bedroom Unit
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 1 Bedroom Unit
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: Efficiency Unit
Bathrooms: 1
Full Baths: 1
Location Property Info
County: Washtenaw
Street #: 715
Street Name: Washtenaw
Suffix: Avenue
State: MI
Zip Code: 48197
Zip (4): 2754
Area: Ann Arbor/Washtenaw - A
OfficeContract Info
Status: Sold
Current Price: $2,700,000
List Price: $2,650,000
Listing Date: 2024-07-16
Remarks Misc
Directions: Washtenaw Ave and N Normal
Status Change Info
Under Contract Date: 2024-07-27
Sold Date: 2024-11-01
Sold Price: $2,700,000
Property Features
Exterior Material: Brick; Wood Siding
Substructure: Daylight; Full; Other
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected
Util Avail at Street: Cable Available; Electricity Available; Public Sewer; Public Water
Owner Pays: Sewer; Water
Tenant Pays: Electric
Heat Source: Electric
Heat Type: Baseboard
Air Conditioning: Wall Unit(s)
Driveway: Asphalt
Street Type: Public
Mineral Rights: No
Terms Available: Cash; Conventional
Sale Conditions: None
Listing Office:
The Charles Reinhart Company
Listing Agent:
Ayad Ridha
Last Updated: November - 05 - 2024
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