16
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$300,000
Est. payment /mo
4,791 Sqft Lot
New
625 N Adams ST Ypsilanti City, MI 48197
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 81026049241
Year Built 1900
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type MultiFamily
Property Description
**Two-Unit Investment Property -- Ypsilanti** A fantastic opportunity for investors seeking reliable, established income in a prime Ypsilanti location. This well-maintained two-unit property features two bedrooms and one bathroom in each unit, with the back unit offering convenient access to the garage. Both units are currently occupied by excellent, long-term tenants who have been low-maintenance and reliable. Unit 1 is leased at $1,050/month with a lease in place until February 2027, and Unit 2 is leased at $1,250/month with a lease in place until August 2027 -- giving a new owner immediate, secured cash flow with no lease-up period. This property has been a solid, dependable performer, and the sellers are moving forward with the sale only due to a shift in their portfolio strategy -- not because of any issues with the property or its income. Unbeatable location -- close to Eastern Michigan University and Washtenaw Community College, downtown Ypsilanti, and Depot town!Updates include, new water heaters in both units (2024), new washer & dryer in unit 2 (2026)Showings are subject to tenants' rights ??? 48 hours notice required. Seller is a licensed agent in the State of Michigan.
Location
State MI
County Washtenaw
Area Area04152Ypsilanti
Interior
Heating Forced Air, Natural Gas
Cooling Window Unit(s)
Fireplace No
Laundry InUnit
Exterior
Parking Features Garage, Gravel
Utilities Available CableConnected, SewerConnected
View Y/N No
Building
Foundation MichiganBasement
Sewer Public Sewer, Sewer At Street
Water Public
New Construction No
Schools
School District Ypsilanti
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition AgentOwned
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Listed by Diane Crouch of Good Company
NEARBY SCHOOL & BUSINESS
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