MI > Ypsilanti > Normal Park
Ypsilanti, MI 48197,917 W Cross Street
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Ypsilanti, MI 48197,917 W Cross Street
Ypsilanti, MI 48197,917 W Cross Street
Ypsilanti, MI 48197,917 W Cross Street
Ypsilanti, MI 48197,917 W Cross Street
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Linda Lombardini

Linda Lombardini

+1(734) 302-3600
$ 499,900
Est. payment /mo
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Active Under Contract

917 W Cross Street Ypsilanti, MI 48197

0.32 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active Under Contract

Purchase Type For Sale

Municipality Ypsilanti City

Subdivision Normal Park

MLS Listing ID 25038754

Year Built 1870

Annual Tax Amount $8,700

Tax Year 2024

Lot Size 0.320 Acres

Acres 0.32

Lot Dimensions 98x140

Property Sub-Type 5+ Units

Source Michigan Regional Information Center (MichRIC)

Property Description

Investors do not miss this tremendous value. Located just across the street from Eastern Michigan University. This prime 6 unit apartment building generates over $72,000 of gross rental income with $12,200 of expenses. Current insurance $3400 a year. Separate electric for each unit. Seller pays gas, water and waste management totaling $8,800 a year. Seller has invested over $80,000 dollars in upgrades over the last 12 months including roof and unit updates. Zero vacancy rate over the years. Step right into a generous positive cashflow with this outstanding investment.

Location

State MI

County Washtenaw

Area Ann Arbor/Washtenaw - A

Direction W Cross Street right before the tower apartments building.

Rooms

Basement Crawl Space, Michigan Basement

Interior

Heating Forced Air

Cooling Wall Unit(s)

Fireplaces Number 6

Exterior

Parking Features Concrete, Driveway

Utilities Available Natural Gas Available, Cable Available, Natural Gas Connected, Electricity Connected, Storm Sewer

View Y/N No

Street Surface Paved

Total Parking Spaces 8

Building

Sewer Public Sewer

Structure Type Aluminum Siding

New Construction No

Schools

Elementary Schools Estabrook Elementary School

Middle Schools Ypsilanti Community Middle School

High Schools Ypsilanti Community High School

School District Ypsilanti

Others

Tax ID 11-11-40-134-002

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by The Charles Reinhart Company
agent

Linda Lombardini

Owner, Team Leader | License ID: 6501255870

+1(734) 302-3600

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