123 College Place
Ypsilanti, MI 48197

Sold 4/13/2017
  • 2,757
    sq.ft.
Multi-Family Home

Don't miss this opportunity for a Professionally managed, investment property in a great location just across the street from Eastern Michigan University. Features 1 4 bedroom apartment and 1 3 bedroom. Easy to rent with 100% occupancy over the last 5 years. Off street parking for 7 and on site laundry. Currently generates $31,000 a year in gross rent. Leases in place through August with tenants expressing an interest in renewing. Current C of O in place. Roof, electrical and plumbing have been updated within the last 10 years. Turn key investment ready to go.

Property Details
  • Ypsilanti Community
    school district
  • $66,049.00
    taxes
  • 1895
    built
  • 3245780
    MLS#
Parking spaces: 7
Lot acreage is: 0.13
Lot dimension is: 52'x109'
Lot zoned: CN
Units in building(s): 2.00
Courtesy of:
The Charles Reinhart Company
Richard D Mattie

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Name Type GreatSchools
Rating
Distance
Erickson Elementary Elementary School / Public 5 2.15 mi.
Estabrook School Elementary School / Public 3 0.87 mi.
Washtenaw International Middle Academy (WIMA) Middle School / Public 6 1.35 mi.
Ypsilanti New Tech High School High School / Public 4 1.22 mi.
W-A-Y Home Washtenaw * High School / Public N/A 0.34 mi.
W-A-Y Washtenaw * High School / Public N/A 0.34 mi.
Address Distance Sale date Sale price
123 College Place 0 mi. 4/13/2017 $190,000
127 Normal 0.07 mi. 7/17/2017 $191,000
517 Pearl Street 0.13 mi. 5/2/2017 $168,500
704 North Congress Street 0.13 mi. 10/17/2016 $160,000
702 North CONGRESS Street 0.13 mi. 10/30/2015 $189,900
508 PEARL ST 0.13 mi. 3/15/2016 $218,000
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Ypsilanti Real Estate Market in 48197
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$193,567
Average sale price
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123 College Place, Ypsilanti, MI 48197 multi-family home was sold for $190,000.
School ratings are supplied by GreatSchools. School attendance zone boundaries are supplied by Maponics. Both are subject to change.

* indicates a school is in close proximity to this home, but this home is not guaranteed to fall within the school's attendance zone boundaries. Check with the applicable school district prior to making a decision based on these boundaries.