24
See all 24 photos
$399,900
Est. payment /mo
10,454 Sqft Lot
New
217 N Normal ST Ypsilanti City, MI 48197
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 81026028459
Year Built 1909
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type MultiFamily
Property Description
Exceptional investment opportunity just steps from Eastern Michigan University! This long-time student rental offers incredible flexibility for investors and owner-occupants alike. Live in one unit and rent the others, continue leasing the units separately, or lease the entire property to a single group. Currently configured as three separate rental units generating a total of $4,700 per month in rental income, with one lease for two units in place through 7/31/2026 and the remaining tenant on a month-to-month agreement. The property features 7/8 bedrooms, four full bathrooms, and four kitchens - one on each level - providing numerous options for future use. Shared laundry is located in the basement, and tenants pay all utilities, with separate electrical meters and shared gas and water service. Ample off-street parking and abundant storage add to the property's appeal. Whether you're looking to expand your portfolio, generate immediate cash flow, or build long-term equity in a primerental location, this property presents a rare opportunity you don't want to miss! Showings begin 6/17. A minimum 48-hour notice is required for all showings. Sale is subject to tenants' rights.
Location
State MI
County Washtenaw
Area Area04152Ypsilanti
Rooms
Basement Full, Walk Out Access
Interior
Heating Hot Water, Natural Gas, Steam
Cooling Window Unit(s)
Fireplace No
Laundry CommonArea, InBasement
Exterior
Parking Features Unpaved
Community Features Sidewalks
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected
View Y/N No
Building
Sewer Public Sewer, Storm Drain
Water Public
New Construction No
Schools
School District Ypsilanti
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Aleksandr Milshteyn of Real Estate One Inc
NEARBY SCHOOL & BUSINESS
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