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206 S Huron Street Ypsilanti, MI 48197-8416
2,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $237
Subdivision Mi
MLS Listing ID 70562893
Year Built 1873
Annual Tax Amount $11,172
Tax Year 2025
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 74 x 165
Property Sub-Type Multi-Family
Property Description
Investment opportunity in the heart of Ypsilanti! This fully occupied 4-unit property generates current contractual base rent of $6,265/month, or $75,180 annually, with leases extending into 2027. Available records indicate an attractive unit mix consisting of a spacious 3-bedroom unit, two 1-bedroom units and one 2-bedroom unit. Current monthly rents are $2,300, $1,300, $1,365 and $1,300. Recent ownership has completed a number of repairs, improvements and unit updates. Strong current income and an established rental history provide an appealing opportunity for an investor looking to add a well-positioned multi-unit property to their portfolio. Conveniently located near Downtown Ypsilanti, Eastern Michigan University, shopping, dining and area amenities. Financial information and leases available for review. Buyer/Buyer's Agent to independently verify unit configurations, property information, income, expenses and future property taxes.
Location
State MI
County Washtenaw
Area Ypsilanti (81033)
Rooms
Basement MI Basement
Interior
Heating Forced Air, Hot Water, Radiant
Exterior
Exterior Feature Stone, Wood
Building
Foundation Basement
Structure Type Stone,Wood
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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