501 WASHTENAW Road Active Save Request In-Person Tour Request Virtual Tour
Ypsilanti,MI 48197
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Ypsilanti City
Subdivision Ypsilanti City
MLS Listing ID 20250007590
HOA Y/N true
Originating Board Realcomp
Year Built 1884
Annual Tax Amount $13,082
Lot Dimensions 60.00 x 185.00
Property Description
***Turn-Key Investment Property On Eastern Michigan University's Campus!This exceptional duplex, zoned R-3, offers incredible income potential just steps from Eastern Michigan University's campus. The lower unit offers 4 bedrooms and 2 full bathrooms, while the upstairs unit has 3 bedrooms and 2 full bathrooms—making it ideal for student housing, multi-family living, or even owner-occupancy. You could make the lower unit your primary homestead and live affordably while generating income from the upper unit.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 upper unit is already income-producing.For investors seeking to maximize returns, this property offers room to expand with the potential to add a studio to 1-bedroom unit on the third level that could rent for ~$1,100/month or more. Ultimately, this property is in a prime location—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, US-23, and M-14 for effortless commuting.The cherry on the cake: it's surrounded by local amenities, parks, shopping, and dining. This property is a rare find with immediate cash flow and long-term potential.This property is a rare find with immediate cash flow and long-term potential.Open House Saturday. Showings begin Sunday.
Location
State MI
County Washtenaw
Area Ann Arbor/Washtenaw - A
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
Rooms
Basement Michigan Basement
Interior
Heating Hot Water
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Sewer Public
Water Public
Structure Type Other
Schools
School District Ypsilanti
Others
Tax ID 111140416015
Acceptable Financing Cash
Listing Terms Cash