422 N River Street Pending Save Request In-Person Tour Request Virtual Tour
Ypsilanti,MI 48198
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Pending
Purchase Type For Sale
Municipality Ypsilanti City
MLS Listing ID 25000469
Year Built 1875
Annual Tax Amount $5,104
Tax Year 2024
Lot Size 4,966 Sqft
Acres 0.11
Lot Dimensions 4966 SF
Property Description
Amazing, rare investment opportunity! Charming 4-unit, multi-family income property close to the best of Ypsilanti including Depot Town, Frog Island and Riverside Parks, Hyperion and Vertex Coffee Roasters, the Ypsilanti Food Co-op, Eastern Michigan University, and more. Solid, turn-key property, very well-maintained and updated with charming vibes inside and out. Three 1-bedroom units (2 currently rented long-term) go for $1,125, and $1,150/month and efficiency unit, also currently rented, goes for $725/month. All units have their own entrance from the outside, kitchens, bathrooms, and washer/dryers (a huge plus). Newly updated Certificate of Occupancy good through 2026 with potential for short- or long-term rental potential—could also be owner occupied. Owner pays for gas and water and renters pay for separate-metered electricity. Newer boiler, 2-car garage, beautiful landscapingthis is a must see property! Owner pays for gas and water and renters pay for separate-metered electricity. Newer boiler, 2-car garage, beautiful landscapingthis is a must see property!
Location
State MI
County Washtenaw
Area Ann Arbor/Washtenaw - A
Direction From downtown Ypsilanti, take Michigan Avenue to Rivers Street and turn left. The property is on the right side just before Maple Street.
Rooms
Basement Michigan Basement
Interior
Heating Radiant
Cooling Window Unit(s)
Fireplaces Number 1
Laundry See Remarks
Exterior
Parking Features Driveway,Gravel
Utilities Available Natural Gas Available,Electricity Available,Natural Gas Connected,Electricity Connected,Water Available,Sewer Available
View Y/N No
Street Surface Paved
Total Parking Spaces 2
Building
Lot Description Corner Lot
Sewer Public Sewer
Structure Type Other
New Construction No
Schools
School District Ypsilanti
Others
Tax ID 11-11-04-495-010
Acceptable Financing FHA,Cash,Conventional
Listing Terms FHA,Cash,Conventional