514 N. Harris, Ypsilanti, MI 48198 US Ann Arbor, Saline,Dexter, Chelsea, Milan,Washtenaw, Wayne, Livingston Home
514 N. Harris , Ypsilanti, Michigan
6-Unit Income property - 10% Return on your Investment
Property Details
$199,000
Listing Information
- MLS: tbd
- Bedrooms: 9
- Baths: 6
- Partial Baths: 0
- SQ FT: 2200
- Lot Size: .24
- Garage: 2.5C Detac
- Heat Source: Gas
- Schools: Ypsilanti Community
- Taxes: $6,045
More Information
Property Description
Just Listed!- 6 Unit Income Property - Ypsilanti, MI
6 Individual Units in Multi-family Income Property: This property is conveniently located just 2 miles from Eastern Michigan University campus and walking distance to Depot town, restaurants and parks. There are 6 total units, including 4-1 bedroom units, and 2- 2 bedroom units. The Actual annual gross income for this property is at $39,000/YR. Unit #1 rents for $800/MO, Unit #2 rents for $460/MO, Unit #3 - $450/MO, Unit #4 - $625/MO, Unit #5 & #6- $450/MO.
Please see the attached operating statement for further information regarding annual income and expenses and receiving a 10% cap rate.
Each Unit Includes:
- Kitchen w/ Range & Refrigerator
- Air conditioning
- Full bathroom
- Separate Electric/Gas Meter
- Private entry
- Common Laundry Room
Additional Features: This location is great for student rental opportunities being just minutes from the local campus. Garage currently being used by landlord but could be rented out for additional income.
Please CALL 734-996-0000 to Set up a Showing. Look for more photos and Videos Coming Soon!
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