$285,000
Ypsilanti, MI 48197
MLS# 26003725
Status: Pending
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Property Description
BEST AND FINAL OFFERS ARE DUE AT 12pm SUNDAY 2/08/2026 This charming property features two income-producing units: one vacant and one occupied. The occupied unit is a spacious 5-bedroom home rented to a long-term tenant receiving government assistance and paying $2,744/month. The vacant unit is a cozy 1-bedroom previously rented for $900/month, offering great potential for an owner-occupant or new tenant. A brand-new boiler has just been installed, providing reliable and efficient heating. With over $3,600/month in total potential rent, this property is perfect for investors seeking both stability and upside. Just minutes from EMU, Downtown Ypsi, and Depot Town — a rare opportunity to own a character-rich, high-yield property in a growing market!
Details
Maps
Location & Property Info
Cross Streets: Washtenaw Ave. & Hamilton St.
Property Sub-Type: 2 to 4 Units
Municipality: Ypsilanti City
Office/Contract Info
On-Market Date: 2026-02-02
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 51x164
Financial Available: Yes
Road Frontage: 40
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 6
School District: Ypsilanti
Lot Measurement: Acres
Lot Square Footage: 8276
Lot Acres: 0.19
Year Built: 1870
Tax Info
Taxable Value: 98639
SEV: 129300
For Tax Year: 2025
Seller's Annual Property Tax: 7962
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: 0
Tax ID #: 11-11-40-182-010
Remarks & Misc
Public Remarks: BEST AND FINAL OFFERS ARE DUE AT 12pm SUNDAY 2/08/2026
This charming property features two income-producing units: one vacant and one occupied. The occupied unit is a spacious 5-bedroom home rented to a long-term tenant receiving government assistance and paying $2,744/month. The vacant unit is a cozy 1-bedroom previously rented for $900/month, offering great potential for an owner-occupant or new tenant. A brand-new boiler has just been installed, providing reliable and efficient heating. With over $3,600/month in total potential rent, this property is perfect for investors seeking both stability and upside. Just minutes from EMU, Downtown Ypsi, and Depot Town — a rare opportunity to own a character-rich, high-yield property in a growing market!
Legal: *OLD SID - 11 11-115-608-00 YP CITY 13W-64 LOT 8, BLK 6 DAVID F. BALLENTINES & RICHARD E. MORSE'S ALLOTMENT OF THE WESTERN ADDITION.
Waterfront Options
Water Access Y/N: No
Water Type
Other: 1
Street Type
Public: 1
Util Avail at Street
Natural Gas Available: 1
Utilities Attached
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Laundry Features
In Basement: 1
Exterior Material
Vinyl Siding: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Steam: 1
Air Conditioning
Window Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Concrete: 1
Substructure
Michigan Basement: 1
Owner Pays
Trash Collection: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: Downstairs unit
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: Upstairs
Bedrooms: 5
Bathrooms: 2
Full Baths: 2
Possession
Close Of Escrow: 1
Location Property Info
County: Washtenaw
Street #: 514
Street Name: Washtenaw
Suffix: Avenue
State: MI
Zip Code: 48197
Zip (4): 2196
OfficeContract Info
Status: Pending
Current Price: $285,000
List Price: $285,000
Listing Date: 2026-01-18
Status Change Info
Under Contract Date: 2026-02-08
Property Features
Laundry Features: In Basement
Water Type: Other
Exterior Material: Vinyl Siding
Substructure: Michigan Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Natural Gas Connected
Util Avail at Street: Natural Gas Available
Owner Pays: Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Steam
Air Conditioning: Window Unit(s)
Driveway: Concrete
Street Type: Public
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Listing Office: Beal Properties LLC
Listing Agent: Tamara Vinson
Last Updated: March - 24 - 2026
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