715 Washtenaw Avenue, Ypsilanti, MI 48197 (MLS# 24036375)

715 Washtenaw Avenue, Ypsilanti, MI 48197

$2,700,000

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

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

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