422 N River Street new Save Request In-Person Tour Request Virtual Tour
Ypsilanti,MI 48198
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 81025000469
Bedrooms 3
Year Built 1875
Annual Tax Amount $5,104
Lot Size 4,791 Sqft
Property Description
Amazing, rare investment opportunity! Charming 4-unit, multi-family income property close to the best of Ypsilanti including Depot Town, Frog Island and Riverside Parks, Hyperion and Vertex Coffee Roasters, the Ypsilanti Food Co-op, Eastern Michigan University, and more. Solid, turn-key property, very well-maintained and updated with charming vibes inside and out. Three 1-bedroom units (2 currently rented long-term) go for $1,125, and $1,150/month and efficiency unit, also currently rented, goes for $725/month. All units have their own entrance from the outside, kitchens, bathrooms, and washer/dryers (a huge plus). Newly updated Certificate of Occupancy good through 2026 with potential for short- or long-term rental potential--could also be owner occupied.Owner pays for gas and water and renters pay for separate-metered electricity. Newer boiler, 2-car garage, beautiful landscapingthis is a must see property!
Location
State MI
County Washtenaw
Area Ypsilanti
Zoning Other
Interior
Heating Radiant
Cooling Window Unit(s)
Exterior
Garage Spaces 2.0
Building
Foundation Michigan Basement
Sewer Public Sewer (Sewer-Sanitary),Sewer at Street
Water Public (Municipal),Water at Street
Structure Type Other
Schools
School District Ypsilanti
Others
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA