Active, Just Listed

430 N Washington Street
Ypsilanti, MI 48197

$245,000

Estimated $/mo*

1,474

Square Feet
Estimate Finished Square Feet
1,474 Sq Ft Above Ground
866 Sq Ft Below Ground
One of a kind multi-unit home: Apartment 1 is a studio with eat-in kitchen and separate living area. Ample light. New flooring and freshly painted in 2019. Currently rents for $640. Lease expires August 2022. Apartment 2 is a 2-story, 2-bedroom apartment, with windows on all sides that overlooks the beautiful trees on small lot. Apartment currently rents for $950 and the tenants tend to snow removal and yardwork. Lease expires in April 2022. Apartment 3 is nestled in the basement with a quaint private patio, 2 bedrooms, galley kitchen. This was fully updated in 2018. Currently vacant, usually rents for $800. These units rarely have vacancies and are very easy to rent. Owner pays all utilities except internet/ cable. Annual income of $28,680 makes the amazing house a wonderful property to add to any investment portfolio. Occupied. Do not disturb the tenants. 48 hours notice to show.
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Details

Type

  • Income Property

Year Built

  • 1920

MLS#

  • 3283850

Lot Size

  • 0.05

Number Of Kitchens

  • 3

Laundry

  • No

Number of Units

  • 3

Road Type

  • Public

Taxable Value

  • $5,087

State Equalized Value

  • $58,896

Community

Community - Ypsilanti Area

Ypsilanti, and adjacent Ypsilanti Township, with a combined population of about 74,000, are located on Ann Arbor's eastern border.  Many of Ypsilanti's residents work at the businesses and industries located in Ypsilanti; others work in Ann Arbor and surrounding communities, or eastward in the greater Detroit area.


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Starting in the 1920's, Ypsilanti began to play a role in the development of the automobile, and auto production continues to be an important part of Ypsilanti's economy today.  Ypsilanti really hit the map during World War II, when Henry Ford's Willow Run B-24 bomber plant became the first to produce the planes on an assembly line, turning out one bomber roughly every hour.  The Yankee Air Museum and its annual Thunder over Michigan air show at the Willow Run Airport are popular destinations recounting the history of that time.
 

Ypsilanti is home to Eastern Michigan University, founded in 1849 as Michigan State Normal School; EMU now enrolls about 24,000 undergraduate and graduate students.  With 12 parks in the city, and another 30 in the township, recreational opportunities are many.  A number of the parks flank the Huron River or Ford Lake, offering access to a variety of water sports.  Throughout the year, a number of special events dot the calendar; among the most popular are the Elvisfest and the Ypsilanti Heritage Festival.
 

Many housing styles and ages are found in the Ypsilanti area, from stately Italianate and Queen Anne examples to newly built neighborhoods.

 

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The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange ("IDX") program of Ann Arbor Area Board of Realtors®. Real estate listings held by brokers other than Reinhart Realtors are marked with the IDX Logo. All information is subject to change and should be independently verified.

 
 
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