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514 Washtenaw Road
Ypsilanti, MI 48197

Sold 12/15/2017
  • 1,926
    sq.ft.
Multi-Family Home

YPSILANTI DUPLEX INCOME PROPERTY Excellent location close to campus income property. This Duplex contains one 1 Bedroom unit and one 5 Bedroom unit. Providing close to a 10% cap rate and easy to obtained since units are rented at under market rates. Check out attached OP Statement for more information Leased through August '18. Unit #1 Leased for $495 and Unit #2 $1,125. Also for Sale next Door - To be sold with 514 Washtenaw as a package or separately.

Property Details
  • Ypsilanti Community
    school district
  • $5,060.00
    taxes
  • 1870
    built
  • 3252914
    MLS#
Lot acreage is: 0.19
Lot zoned: R-3
Units in building(s): 2.00
Courtesy of:
Real Estate One
Tom Stachler

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Name Type GreatSchools
Rating
Distance
Erickson Elementary Elementary School / Public 3 2.09 mi.
Estabrook School Elementary School / Public 3 0.97 mi.
Washtenaw International Middle Academy (WIMA) Middle School / Public 8 1.28 mi.
Ypsilanti New Tech High School High School / Public 3 1.32 mi.
W-A-Y Home Washtenaw * High School / Public N/A 0.29 mi.
W-A-Y Washtenaw * High School / Public 4 0.29 mi.
Address Distance Sale date Sale price
514 Washtenaw Road 0 mi. 12/15/2017 $156,000
518 Washtenaw Road 0.01 mi. 1/5/2018 $144,900
210 Perrin Street 0.03 mi. 5/24/2016 $129,000
505 Washtenaw Avenue 0.05 mi. 8/15/2017 $130,000
507 Emmet Street 0.05 mi. 6/25/2018 $160,000
508 Emmet Street 0.08 mi. 5/24/2016 $137,000
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{"markerType": "Sold", "lat": "42.24388", "lng": "-83.62013", "Address": "514 Washtenaw Road", "City": "Ypsilanti", "StateProv": "MI", "ZipCode": "48197"}
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{"markerType": "Sold", "lat": "42.24429", "lng": "-83.6202", "Address": "210 Perrin Street", "City": "Ypsilanti", "StateProv": "MI", "ZipCode": "48197"}
{"markerType": "Sold", "lat": "42.24336", "lng": "-83.61958", "Address": "505 Washtenaw Avenue", "City": "Ypsilanti", "StateProv": "MI", "ZipCode": "48197"}
{"markerType": "Sold", "lat": "42.2446", "lng": "-83.61973", "Address": "507 Emmet Street", "City": "Ypsilanti", "StateProv": "MI", "ZipCode": "48197"}
{"markerType": "Sold", "lat": "42.24494", "lng": "-83.61957", "Address": "508 Emmet Street", "City": "Ypsilanti", "StateProv": "MI", "ZipCode": "48197"}
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514 Washtenaw Road, Ypsilanti, MI 48197 multi-family home was sold for $156,000.
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.