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633 Onandaga Avenue
Ypsilanti, MI 48198

Sold 6/1/2016
  • 1,320
    sq.ft.
Multi-Family Home

1 of 3 rental homes being sold as a package for a total price of $183,000. All are within 2-3 blocks of each other. This home is under a 1-year lease that begins on April 1st for $1100 per month. Other homes are 570 Calder/rents for $800; 684 Cayuga rents for $1100. 633 Onadaga includes a 1-car attached garage. It offers a Cap rate of 10% which is arrived at by dividing NOI divided by list price and does not include a factor for depreciation. Sewer line replaced in 2009 and roof in 2008. Other properties can be made available. Cap rate for all 3 properties is 10%.

Property Details
  • Ypsilanti Community
    school district
  • $1,535.00
    taxes
  • 1961
    built
  • 3238186
    MLS#
Parking spaces: 2
Lot acreage is: 0.19
Lot dimension is: 67x126
Lot zoned: R-5
Units in building(s): 1.00
Courtesy of:
The Charles Reinhart Company
Rick Mangan

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Name Type GreatSchools
Rating
Distance
Erickson Elementary Elementary School / Public 3 1.24 mi.
Estabrook School Elementary School / Public 3 3.68 mi.
Washtenaw International Middle Academy (WIMA) Middle School / Public 8 1.57 mi.
Ypsilanti New Tech High School High School / Public 3 4.03 mi.
Forest School * Elementary School, Middle School, High School / Public N/A 1.13 mi.
Global Tech Academy * Elementary School / Public 4 1.09 mi.
Address Distance Sale date Sale price
633 Onandaga Avenue 0 mi. 6/1/2016 $65,000
684 Cayuga Avenue 0.13 mi. 6/1/2016 $65,000
1638 PARKWOOD Avenue 0.51 mi. 7/20/2017 $72,000
1618 PARKWOOD Avenue 0.53 mi. 7/20/2017 $72,000
1564 PARKWOOD Avenue 0.54 mi. 7/20/2017 $72,000
316 Parsons Street 1.9 mi. 5/26/2017 $62,000
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{"markerType": "Sold", "lat": "42.23447", "lng": "-83.57037", "Address": "684 Cayuga Avenue", "City": "Ypsilanti", "StateProv": "MI", "ZipCode": "48197"}
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{"markerType": "Sold", "lat": "42.23749", "lng": "-83.57818", "Address": "1618 PARKWOOD Avenue", "City": "Ypsilanti Township", "StateProv": "MI", "ZipCode": "48198"}
{"markerType": "Sold", "lat": "42.23754", "lng": "-83.57842", "Address": "1564 PARKWOOD Avenue", "City": "Ypsilanti Township", "StateProv": "MI", "ZipCode": "48198"}
{"markerType": "Sold", "lat": "42.2401", "lng": "-83.60493", "Address": "316 Parsons Street", "City": "Ypsilanti", "StateProv": "MI", "ZipCode": "48198"}
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Ypsilanti Real Estate Market in 48198
193
Properties for sale right now
$146,106
Average sale price
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633 Onandaga Avenue, Ypsilanti, MI 48198 multi-family home was sold for $65,000.
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.