702 North CONGRESS Street
Ypsilanti, MI 48197

Sold 10/30/2015
  • 2,798
    sq.ft.
Multi-Family Home

This is a 4 unit building each unit is different. All units are two bedrooms in good shape, the entire building was completely redone just before current owners bought 14 years ago. Two units have real wood burning fireplaces in them, one unit is a timber frame building and is very unique inside. One unit has a new 90% efficient furnace. When the building was redone it was literally stripped to the studs and had new electric, plumbing, windows, vinyl siding, tile floors, kitchens and bathrooms installed. Each tenant pays their own electric, the landlord pays natural gas and water. All units have a stove and refrigerator. There are 4 parking spaces at the back of the lot. The driveway is shared. Due to recent remodel maintenance costs are quite low. This building shows a very nice return. Total rent is 35,700 per year. ROI of 5.5

Property Details
  • Ypsilanti Community
    school district
  • $6,686.00
    taxes
  • 1904
    built
  • 3230698
    MLS#
Parking spaces: 4
Lot acreage is: 0.12
Lot dimension is: 33 X 162
Lot zoned: R2
Units in building(s): 4.00
Courtesy of:
Firm Foundations Realty Group
Rex A Wonsey

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Name Type GreatSchools
Rating
Distance
Erickson Elementary Elementary School / Public 3 2.07 mi.
Estabrook School Elementary School / Public 3 0.9 mi.
Washtenaw International Middle Academy (WIMA) Middle School / Public 8 1.28 mi.
Ypsilanti New Tech High School High School / Public 3 1.25 mi.
W-A-Y Home Washtenaw * High School / Public N/A 0.28 mi.
W-A-Y Washtenaw * High School / Public 4 0.28 mi.
Address Distance Sale date Sale price
702 North CONGRESS Street 0 mi. 10/30/2015 $189,900
704 North Congress Street 0.01 mi. 10/17/2016 $160,000
615 Pearl Street 0.04 mi. 11/16/2015 $245,000
11 North Normal Street 0.08 mi. 6/12/2018 $145,000
517 Pearl Street 0.09 mi. 5/2/2017 $168,500
526 West Michigan Avenue 0.09 mi. 11/7/2017 $207,500
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702 North CONGRESS Street, Ypsilanti, MI 48197 multi-family home was sold for $189,900.
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.