1236 Holmes Road

Ypsilanti, Michigan 48198

  • 14 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 0.58
    Acre(Lot)
$865,000

Description

Fantastic opportunity to expand your investment portfolio with this fully rented 7-unit apartment building with great proximity to depot town and emu! this well-maintained building is set back from the road with plenty of parking for tenants and guests. each unit has 2 bedrooms and 1 full bathroom furnished with refrigerator, range/oven, and wall air conditioner. landlord pays for dumpster and water (single meter - most tenants charged an additional water fee) while the rest of the utilities are paid by the tenants. shared coin-operated laundry machines are leased and provide additional income. gross rents are currently $86,736/year with room to increase - see attachments for rent roll, proforma p&l, and additional information. since all units are occupied, showings/inspections will onlybe allowed after an offer is accepted with listing agent present.

  • Property Type

    Multifamily

  • County

    Washtenaw

  • Style

    Multifamily

  • AD ID

    48615746

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Property Details

  • Interior Features

    • Laundry Facility

    Heating & Cooling

    • Cooling: Wall Unit(s)
    • Heating: Forced Air
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1968
    • Total Units: 7
    • Foundation/Basement: Crawl

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary),Storm Drain

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.58
    • Dimensions: 99 x 256.58

    Property Information

    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $865,000

    Listing Information

    • Possession: Subject To Tenant Rights
    • Legal Description: COM AT E 1/4 COR SEC 3, TH S 88-42-10 W 1336.26', TH S 01-33-50 E 183.42' TO POB. TH S 01-33-50 E 256.58', TH S 88-42-10 W 99', TH N 01-33-50 W 256.58' TH N 88-42-10 E 99' TO POB. CONT .583 AC.

  • Tax Information

    • Annual Tax: $12,131
    • Parcel Number: K1103400009

    Possession

    • Subject To Tenant Rights

    Legal Information

    • Legal Description: Section: COM AT E 1/4 COR SEC 3, TH S 88-42-10 W 1336.26', TH S 01-33-50 E 183.42' TO POB. TH S 01-33-50 E 256.58', TH S 88-42-10 W 99', TH N 01-33-50 W 256.58' TH N 88-42-10 E 99' TO POB. CONT .583 AC.

  • Parking Information

    • Parking: 21

    Multi-Unit Information

    • Road Frontage: Paved,Pub. Sidewalk

    Unit 2 Information

    • # of Bedrooms: 7

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary),Storm Drain
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BuyOwner last updated this listing 02/22/2025 @ 17:37

  • MLS: 623180051
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 14 bedrooms which is for sale, it has 0 sqft, 1 sized lot, and Paved parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Ypsilanti , in zip code 48198, this Washtenaw County Multifamily and are nearby neighborhoods.