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$ 375,000
Est. payment /mo
Active
425 N Adams Street Ypsilanti, MI 48197-2874
7,840 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70562392
Year Built 1915
Annual Tax Amount $7,125
Tax Year 2025
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions NA
Property Sub-Type Multi-Family
Property Description
Fully occupied 4-unit investment property in Ypsilanti featuring four 1-bedroom, 1-bath units and $37,740 in current annual rental income, including garage income. All four units are currently rented, providing an investor with established cash flow from day one. Each unit offers a practical layout, with locked private storage for each tenant in the basement and shared washer and dryer facilities. The property also includes a detached garage, currently generating additional rental income. Conveniently located near downtown Ypsilanti, Eastern Michigan University, shopping, dining, parks and major commuter routes. A great opportunity to add a fully rented, income-producing multifamily property to your investment portfolio with potential for future rental growth.
Location
State MI
County Washtenaw
Area Ypsilanti (81033)
Interior
Heating Forced Air
Exterior
Exterior Feature Aluminum, Brick
Parking Features Additional Garage(s)
Building
Lot Description Sidewalks
Foundation Basement
Structure Type Aluminum,Brick
Schools
School District Ypsilanti Public School District
Others
Ownership Other/See Remarks
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by @properties Christie's Int'lAA
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