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
Overview
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.
Listing Details MLS# 24036375
Location Property Info
- County
- Washtenaw
- Street #
- 715
- Street Name
- Washtenaw
- Suffix
- Avenue
- State
- MI
- Zip Code
- 48197
- Zip (4)
- 2754
General Property Info
- Lot Measurement
- Acres
- Lot Square Footage
- 19166
- Lot Acres
- 0.84
- Lot Dimensions
- Irregular
- Year Built
- 1962
- New Construction
- No
- Road Frontage
- 210
- Total # Units
- 27
- # of Diff Unit Floor Plans
- 3
- Total # Bldgs
- 4
- Total Parking Spaces
- 37
- Waterfront
- No
- School District
- Ypsilanti
- Basement
- Yes
Tax Info
- Tax ID #
- 11-11-40-430-001
- Taxable Value
- 507130
- SEV
- 798300
- For Tax Year
- 2023
- Seller's Annual Property Tax
- 39563
- Tax Year
- 2023
- Spec Assessment & Ty
- NONE
- Zoning
- CN
- Homestead %
- 0
Remarks Misc
- Directions
- Washtenaw Ave and N Normal
Status Change Info
- Under Contract Date
- 2024-07-27
- Sold Date
- 2024-11-01
More Information
Access Feat
- Accessibility Features
- No
Unit 1
- Unit Description
- 2 Bedroom Unit
- Bathrooms
- Yes
- Full Baths
- Yes
Unit 2
- Unit Description
- 1 Bedroom Unit
- Bathrooms
- Yes
- Full Baths
- Yes
Unit 3
- Unit Description
- Efficiency Unit
- Bathrooms
- Yes
- Full Baths
- Yes
Location & Property Info
- Cross Streets
- Washtenaw Ave and N Normal
- Property Sub-Type
- 5+ Units
- Area
- Ann Arbor/Washtenaw - A
- Municipality
- Ypsilanti City
Office/Contract Info
- Auction or For Sale
- For Sale
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
- Yes
Util Avail at Street
- Cable Available
- Yes
- Electricity Available
- Yes
- Public Sewer
- Yes
- Public Water
- Yes
Utilities Attached
- Cable Connected
- Yes
- Electricity Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Terms Available
- Cash
- Yes
- Conventional
- Yes
Mineral Rights
- No
- Yes
Exterior Material
- Brick
- Yes
- Wood Siding
- Yes
Heat Source
- Electric
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Baseboard
- Yes
Air Conditioning
- Wall Unit(s)
- Yes
Tenant Pays
- Electric
- Yes
Driveway
- Asphalt
- Yes
Substructure
- Daylight
- Yes
- Full
- Yes
- Other
- Yes
Owner Pays
- Sewer
- Yes
- Water
- Yes
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
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
