514 Washtenaw Avenue Active Save Request In-Person Tour Request Virtual Tour
Ypsilanti,MI 48197
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Active
Purchase Type For Sale
Municipality Ypsilanti City
MLS Listing ID 25028764
Year Built 1870
Annual Tax Amount $7,962
Tax Year 2024
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 51x164
Property Sub-Type 2 to 4 Units
Source Michigan Regional Information Center (MichRIC)
Property Description
This charming property features two income-producing units: one vacant and one occupied. The occupied unit is a spacious 5-bedroom home rented to a long-term tenant receiving government assistance and paying $2,744/month. The vacant unit is a cozy 1-bedroom previously rented for $900/month, offering great potential for an owner-occupant or new tenant. A brand-new boiler has just been installed, providing reliable and efficient heating. With over $3,600/month in total potential rent, this property is perfect for investors seeking both stability and upside. Just minutes from EMU, Downtown Ypsi, and Depot Town — a rare opportunity to own a character-rich, high-yield property in a growing market!
Location
State MI
County Washtenaw
Area Ann Arbor/Washtenaw - A
Direction From I-94, take exit 183 for Huron St toward Ypsilanti. Head north on Huron St, then turn right onto Washtenaw Ave. Property will be on your left just past Hamilton St.
Rooms
Basement Michigan Basement
Interior
Heating Steam
Cooling Window Unit(s)
Fireplaces Number 1
Laundry In Basement
Exterior
Parking Features Concrete,Driveway
Utilities Available Natural Gas Available,Natural Gas Connected
Waterfront Description Other
View Y/N No
Total Parking Spaces 6
Building
Structure Type Vinyl Siding
New Construction No
Schools
School District Ypsilanti
Others
Tax ID 111140182010
Acceptable Financing VA Loan,MSHDA,FHA,Cash,Conventional
Listing Terms VA Loan,MSHDA,FHA,Cash,Conventional