501 Washtenaw Road

Ypsilanti, Michigan 48197

  • 7 Bed(s)
  • 4 Bath(s)
  • 2,506 Sqft
$400,000

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. 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.

  • Property Type

    Multifamily

  • Subdivision

    Stucks Add

  • County

    Washtenaw

  • Style

    Colonial,Duplex,Upper/Lower Apartment

  • AD ID

    48509221

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Property Details

  • Bathroom Information

    • Total Baths: 4
    • Full Baths: 4

    Room Information

    • Porches: Porch

    Heating & Cooling

    • Heating: Hot Water
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1884
    • Building Stories: 3 Story
    • Total Units: 2
    • Foundation/Basement: Michigan Basement
    • Architecture: Colonial,Duplex,Upper/Lower Apartment

    Exterior Features

    • Construction: Other

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Dimensions: 60.00 x 185.00

    Property Information

    • SQ ft: 2506
    • Subdivision: STUCKS ADD
    • Financing: Cash,Quit Claims Deed,Warranty Deed

  • Listing Price Information

    • Original List Price: $400,000

    Listing Information

    • Possession: At Close
    • Legal Description: *OLD SID - 11 11-625-018-00 YP CITY 52W-23 LOT 18 STUCKS ADDITION. LOC:501 WASHTENAW

  • Tax Information

    • Annual Tax: $13,082
    • Parcel Number: 111140416015

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: *OLD SID - 11 11-625-018-00 YP CITY 52W-23 LOT 18 STUCKS ADDITION. LOC:501 WASHTENAW

  • Parking Information

    • Parking: 8
    • Has Garage: Yes

    Multi-Unit Information

    • Presently Zoned: 1
    • Road Frontage: Paved

    Unit 3 Information

    • # of Bedrooms: 1

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 02/22/2025 @ 17:38

  • MLS: 622815703
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 7 bedrooms which is for sale, it has 2,506 sqft, 2,506 sized lot, and 0 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 48197, this Washtenaw County Multifamily , it is in the STUCKS ADD Subdivision, are nearby neighborhoods.