7
See all 7 photos
$479,900
Est. payment /mo
8,276 Sqft Lot
Price Dropped by $20K
217 N Summit Street Ypsilanti, MI 48197-2775
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70497954
Year Built 1910
Annual Tax Amount $7,213
Tax Year 2025
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 59x140
Property Sub-Type Multi-Family
Property Description
Investors take note of this 7 Unit Income property in Ypsilanti steps from the Eastern Michigan Campus. Over $72,000 in gross rental income, $11,114 in expenses. Separate electric for units. Current insurance is $4848.00. Extremely low vacancy rate over the years. Updates in the last 4 years include Roof, Heating system, driveway and parking lot and some unit updates. Awesome Investment opportunity.
Location
State MI
County Washtenaw
Area Ypsilanti (81033)
Rooms
Basement Egress/Daylight Windows
Interior
Heating Steam
Exterior
Exterior Feature Stone, Vinyl Siding
Amenities Available Laundry Facility
Building
Lot Description Sidewalks
Foundation Basement
Structure Type Stone,Vinyl Siding
Schools
School District Ypsilanti Public School District
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Real Estate One Inc
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