425 N Adams  Ypsilanti 

Property Details

Listing Price:

$179,000

Listing Address:

425 N Adams
Ypsilanti  MI 48197

Bedrooms:

4

Full Baths:

4

Partial Baths:

0

SQ FT:

2350

Style:

4 Unit Income Property

Garage:

2 Car Deta

Heat Source:

Gas Force

Schools:

Ypsilanti

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Property Description

Just One Block from EMU

North of Cross Street. Check out this GREAT 4 Unit Income Property with Detached 2 Car Garage.  Tenant pays own Electric and Landlord covers gas and water.  New Furnace and Water heater.  Coin Op washer and dryer.  Walk up unfinished attic.  Huge dry basement with locking storage unit per apartment. Fully rented with room to increase rents and also charge for garage access. Leases go month to month after 1st year.  Larger first floor unit with Fireplace would make a good owner occupant residence too.  

4 - One Bedroom Apartments (rents are 500,500,520, 540 ) that are all below market values.  (recommend adding another 50 per unit to rent) Additional income from basement coin op laundry machines of 480/yr)

2 car Garage currently being used by owner but could be another revenue stream with new owner. Great opportunity for Owner occupant to live in larger unit with fireplace.  Currently the tenants start out with a one year lease then it reverts to month to month.  Long term tenants reside in the property with one since 2006.  

Contact us to request an operating statement or showing appointment.  Hurry, this one won't last long.

Contact Information