501 WASHTENAW Road Ypsilanti, MI 48197
2 Beds
4 Baths
2,506 SqFt
UPDATED:
02/17/2025 03:23 PM
Key Details
Property Type Multi-Family
Sub Type Colonial,Duplex,Upper/Lower Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,506 sqft
Price per Sqft $159
Subdivision Stucks Add
MLS Listing ID 20250007590
Style Colonial,Duplex,Upper/Lower Apartment
Bedrooms 2
Full Baths 4
Originating Board Realcomp II Ltd
Year Built 1884
Annual Tax Amount $13,082
Lot Dimensions 60.00 x 185.00
Property Sub-Type Colonial,Duplex,Upper/Lower Apartment
Property Description
This exceptional duplex, zoned R-3, offers incredible income potential just steps from Eastern Michigan University's campus. Lower unit offers 4 bedrooms and 2 full bathrooms, while the upstairs units has 3 bedrooms and 2 full bathrooms making it ideal for student housing or multi-family living. The property features newer shingles, exterior paint, updated mechanicals, plumbing, electric circuit panels, and a newer boiler, ensuring low-maintenance ownership.
Enjoy the charm of the large wraparound front porch and the convenience of a generous lot with ample parking spaces. The Certificate of Occupancy is current, and the units are already income-producing. For investors seeking to maximize returns, this property offers room to expand with the potential to add a studio to 2 bedroom that could rent for ~ $1,100/month+ on the third level. Ultimately this property is in a prime location. You will find that it is walking distance to Downtown Ypsilanti, Depot Town, and EMU Campus. A short drive to the University of Michigan, Downtown Ann Arbor, and St. Joseph's & U-M Hospitals as well as easy access to I-94 and US-23 and M-14 for effortless commuting. The cherry on the cake is that it is surrounded by local amenities, parks, shopping, and dining. This property is a rare find with immediate cash flow and long-term potential.
Location
State MI
County Washtenaw
Area Ypsilanti
Zoning Multi-Family
Direction North On Huron, West On Cross. South On Ballard. West Into The Parking Lot On The Corner Of Washtenaw And Ballard
Interior
Heating Hot Water
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 8.0
Porch Porch
Road Frontage Paved
Garage yes
Building
Foundation Michigan Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Colonial, Duplex, Upper/Lower Apartment
Level or Stories 3 Story
Structure Type Other
Schools
School District Ypsilanti
Others
Pets Allowed Yes
Tax ID 111140416015
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Quit Claims Deed, Warranty Deed
Listing Terms Cash, Quit Claims Deed, Warranty Deed
Financing Cash,Quit Claims Deed,Warranty Deed
