615 Pearl Street
Ypsilanti, MI 48197

Sold 11/16/2015
  • 4,432
Multi-Family Home

Investor opportunity with low GRM - All 7-units professionally managed and fully leased. Four units leased until 8/22/16, other three units leased until 4/25/16, 5/31/16, and 6/24/16. Exterior freshly painted. This property is situated on very large 70 x 185 lot with ample parking behind building. Easy walking distance to EMU and downtown. Building completely renovated in 1990s. New furnace in 2003 and 2 new water heaters in 2011. Income and expense based on Sellers pro forma statement.

Property Details
  • Ypsilanti Community
    school district
  • $121,240.00
  • 1880
  • 3235611
Parking spaces: 7
Lot acreage is: 0.30
Lot dimension is: 70 X 185
Lot zoned: CN
Units in building(s): 7.00
Courtesy of:
The Charles Reinhart Company
Martha E Smith

Call (855) 464-2662

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615 Pearl Street, Ypsilanti, MI 48197 multi-family home was sold for $245,000.