MI > Ypsilanti
Ypsilanti, MI 48197,514 Washtenaw Avenue
Ypsilanti, MI 48197,514 Washtenaw Avenue
Ypsilanti, MI 48197,514 Washtenaw Avenue
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$295,000
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8,276 Sqft Lot
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514 Washtenaw Avenue Ypsilanti, MI 48197

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Andrea Zoet

Andrea Zoet

+1(616) 901-7098

UPDATED:

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

Listed by Beal Properties LLC

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Andrea Zoet

Andrea Zoet

Broker Associate | License ID: 6506047174

+1(616) 901-7098

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514 Washtenaw Avenue