$995,000
Pending

224 W Michigan Avenue

Ypsilanti, MI 48197
Browse 79 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

13-unit mixed use retail/office commercial and residential income property: 3 retail and 10 residential units. Solidly constructed all-brick with over 9400 sq-ft on three levels. 7 studio units, 2-2 bed and 1-3 bed units. Separate utilities, laundry room, ample private and public parking. Numerous upgrades and updates including brick facade, roof, A/C, bamboo flooring, carpet, granite, windows, appliances, more. Commercial tenants pay all utilities. Second floor: tenant pays gas and electric. Third floor: tenant pays elect. Central air on floors 1 and 3; window units on floor 2. Very close to EMU College of Business, Huron River and Riverside Park. 100% leased, and tenants require lead time for viewing requests.

  • Interior Details
      • CoolingCentral Air, Wall Unit(s)
      • HeatingForced Air
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1899
  • Community and Neighborhood Details
      • School DistrictYpsilanti
      • CountyWashtenaw
      • RegionYpsilanti
      • ZoningOther
  • Financial Details
      • Original List Price$995,000
  • Other
      • MLS #54024026853

Location

Theresa ColemanReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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