Address
120 S Prospect Street Ypsilanti, MI
Price
$ 930,000
Property Attributes
  • ID#2210030622
  • TypeMulti-Family
  • CountyWASHTENAW
  • CityYpsilanti
  • AreaYpsilanti
  • NeighborhoodHUNTERS ADD
  • Zip48198
  • StyleCommon Entry Building
  • Year Built1966
  • Taxes$ 12763
  • Price$ 930,000
  • Bedrooms11
  • Full Bathrooms11
  • Half Bathrooms0
  • Sqr Footage9120
  • Lot Size0.46 Acres
Listing Provided Courtesy Of:
Griffin Properties & Management Co
Data Source:
REALCOMP II LTD.
Property Description

11 unit apartment building fully leased with huge potential. 1BR rents average $829/mo in the area make for easy rental increases. Property highly cared for. Tenant amenities include a short walk to Depot Town and all of its bars and restaurants. Huron River and many beautiful parks also just a short walk away. Eastern Michigan University less than 2 miles away with lots of public transportation options. University of Michigan Ann Arbor 8.5 miles away make this a possible student housing conversion. Quiet wooded area out back. An undeveloped 35 ft x 237 ft adjacent lot included that could be used for additional parking, an outbuilding, etc. Property expenses are estimated. LL pays water, natural gas for boiler and hot water heater. Updated mechanical systems. Large medical facilities directly across the street, potential to cater to medical employee tenants. Buyers agent commission 2.25%

Price History
4/30/2021 Listed $930,000

General Features

Basement Type Private Storage Locker
Construction Materials Brick
Cumulative Days on Market 16
Gross Scheduled Income 81600.00
Heating Other
Listing Agent Public Id 371176
Net Operating Income 61600.00
Ownership Status Private Owned, Short Sale - No
Property Type Multifamily
Rent Includes Garbage Pickup, Heat, Snow Removal, Water/Sewer, Yard Maintenance
School District Ypsilanti
Sewer Sewer-Sanitary
Short Sale No
Status Active
Subdivision Name HUNTERS ADD
Terms Offered Cash, Conventional, Warranty Deed
Total Sq Ft 9120
Transaction Type Sale
Year Built 1966
Zoning Multi-Family

Interior Features

Basement Y/N Yes
Full Baths 11
Heating Fuel Natural Gas
Total Baths 11.00
Total Units 11
Unit Count 1

Exterior Features

Architecture Level 2 Story
Architecture Style Common Entry Building
Foundation Basement
Foundation Materials Block
Lot Size Area 0.46
Lot Size Dimensions 135x237.75x35X115
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of May 17, 2021 11:59 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Zip Code Average in 48198

Price
AVG $930K
$930K
Taxes
AVG $12,763
$12,763
Visits
AVG 21
37
Year Built
AVG 1966
1966
Walkscore
AVG 68
68
Data Provided by Walkscore ® not using MLS data