212 W. Michigan Ave Ypsilanti
4 Unit Income Property - Downtown Ypsilanti Near EMU COB
Property Details
Listing Price:
$310,000
Listing Address:
212 W. Michigan Ave
Ypsilanti MI 48197
Ypsilanti MI 48197
Bedrooms:
5
Full Baths:
3
Partial Baths:
2
SQ FT:
4000
Style:
Apartments & Retail
Heat Source:
Gas FA
Schools:
Ypsilanti EMU University
QR Code:
Property Description
4 Unit Income Property - Downtown Ypsilanti
Coming Soon: Brick income property Downtown Ypsilanti, just yards from Eastern Michigan College of Business (COB) with three apartments and one retails space. Building fully rented with Long term tenants at the this popular and highly accessible location. Downtown locations do not come up very often, so please keep this one in mind.
Walking distance to the EMU COB, AATA Bus Terminal and free EMU Shuttles to central campus. Walk to downtowns restaurants and shops as well and provide easy access to I-94 for commuters along with shuttles to main EMU Campus and yards from the AAATA Bus terminal, public library and dozens or shops and restaurants. Note: Property most likely under rented with long term tenants.
Call today for this well maintained property which that will soon be on the market after a Long time current Ownership interest by State Licensed Real Estate Broker.
Apartments are well maintained and some include spiral staircase, sand blasted brick Studio Walls, Stained Glass, Hickory, Oak and Maple Floors and much more. Units are entered from the rear of building via their own decks and are fully rented through Fall 2020. One retail space is included with long term Tenant Fast Eddies Music. Since Property is a Retail/Residential mix it will generally require a cash purchaser/investor or commercial loan pre-approval letter for viewing and offer. This building has been owned for nearly 30 years by the same owner.
More photos and Video coming soon. Some unit views and rental rates can be accessed using the link above. The showings will be set up this spring so let us know if you are interested in advance. Terms to purchase will be Cash or commercial mortgage (due to retail space). Please do not contact or bother existing tenants. Call or email us today To Arrange a Future Showing Appointment
Contact Information
Tom Stachler
Real Estate One, Group One Realty Team
therealtytour.com
555 Briarwood Circle
Ann Arbor
MI
48108
Direct: (734) 996-0000
(734) 661-0102
Equal Housing Opportunity
Property information deemed reliable but not guaranteed and should be verified.
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