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Downtown Realty

team@dtrdetroit.com +1(313) 466-7253

$ 450,000

Est. payment -/mo

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422 N River Street Ypsilanti, MI 48198

3 Beds

4,791 Sqft Lot

UPDATED:

01/08/2025 01:36 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 81025000469

Bedrooms 3

Originating Board Greater Metropolitan Association of REALTORS®

Year Built 1875

Annual Tax Amount $5,104

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 4966 SF

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

Direction From downtown Ypsilanti, take Michigan Avenue to Rivers Street and turn left. The property is on the right side just before Maple Street.

Interior

Heating Radiant

Cooling Window Unit(s)

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Road Frontage Paved

Garage no

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

Pets Allowed Yes

Tax ID 111104495010

Ownership Private Owned

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA

Listed by Natalie Hess of @propertiesChristie's Int'l AA

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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