507 Emmet Street
Ypsilanti, MI 48197

$167,000
Est. Mortgage: $811/mo
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Contingent
  • 1,504
    sq.ft.
Multi-Family Home

Great investment opportunity near EMU campus! This duplex has two units; one 3 bedroom and one efficiency with separate access and plenty of parking. Located walking distance to Eastern Michigan's Campus it's the perfect student rental. Fully rented through September 2018 with the opportunity to raise rents in the fall, a great investment for a local owner/manager or first time real estate investor. This building has been professionally maintained with stainless steel appliances, a new water heater, new high efficiency heat system and new vinyl windows. Includes gas dryer and washing machine. Tenants pay for electric, gas and internet.

Property Details
  • Ypsilanti Community
    school district
  • 1885
    built
  • 3252785
    MLS#
Parking spaces: 6
Lot acreage is: 0.11
Lot zoned: R3
Units in building(s): 2.00
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RE/MAX Platinum
Daniel DeCapua

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Name Type GreatSchools
Rating
Distance
Erickson Elementary Elementary School / Public 5 2.11 mi.
Estabrook School Elementary School / Public 3 0.99 mi.
Washtenaw International Middle Academy (WIMA) Middle School / Public 6 1.29 mi.
Ypsilanti New Tech High School High School / Public 4 1.34 mi.
W-A-Y Home Washtenaw * High School / Public N/A 0.32 mi.
W-A-Y Washtenaw * High School / Public N/A 0.32 mi.
Address Distance Sale date Sale price
505 Emmet Street 0.01 mi. 7/29/2016 $177,500
213 Ballard Street 0.02 mi. 5/29/2015 $142,000
508 Emmet Street 0.03 mi. 5/24/2016 $137,000
514 Washtenaw Road 0.05 mi. 12/15/2017 $156,000
518 Washtenaw Road 0.06 mi. 1/5/2018 $144,900
414 Emmet 0.07 mi. 10/14/2016 $160,000
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Ypsilanti Real Estate Market in 48197
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Properties for sale right now
$194,369
Average sale price
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NMLS# 1020357
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The approximate monthly principal & interest payment for this property would be $810.75.

This payment is based on a 30-year loan at a fixed rate of 4.500 % - APR 4.573 % with a down payment of $8,350. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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507 Emmet Street, Ypsilanti, MI 48197 multi-family home offered for sale at $167,000.
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.