$399,000
Ypsilanti, MI 48197
MLS# 25040349
1 / 29
Property Description
Current rent collected is $4715.ased Landlord pays utilities 3 units each with separate bedrooms. The Second floor has a galley kitchen, bath and 4 bedrooms. The main floor has 3 bedrooms, kitchen and living room. The basement has 2 bedrooms, kitchen and laundry access for the entire building. Fully rented month to month. Each tenant on month to month lease. Rents range $350-$650. Utilities are included. Currently half of the tenants have been there long term with minimal rent increases Walking distance to EMU 5 off street parking spots and storage shed included.
Details
Maps
Location Property Info
County: Washtenaw
Street #: 609
Street Name: Emmet
Suffix: Street
State: MI
Zip Code: 48197
Area: Ann Arbor/Washtenaw - A
OfficeContract Info
Status: Active
Current Price: $399,000
List Price: $399,000
Listing Date: 2025-08-10
General Property Info
Lot Measurement: Acres
Lot Square Footage: 5881
Lot Acres: 0.14
Lot Dimensions: 50x118
Year Built: 1894
New Construction: No
Financial Available: No
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2026-11-01
Road Frontage: 50
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 3341
Total Parking Spaces: 5
Waterfront: No
School District: Ypsilanti
Tax Info
Tax ID #: 11-11-40-181-004
Taxable Value: 79897
SEV: 147300
For Tax Year: 2024
Seller's Annual Property Tax: 6552.15
Tax Year: 2025
Zoning: c+5
Remarks Misc
Directions: East on Washtenaw to East on Emmet
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Income and Expenses
Annual Insurance: 1776
Annual Utilities: 10000
Gross Op. Inc.: 57540
Unit 1
Unit #: 1
Unit Description: basement
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: First Floor
Occupied: Yes
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: second floor
Bedrooms: 4
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: Common Area; In Basement
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Daylight; Full; Walk-Out Access
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Public Sewer; Public Water
Extras: Laundry Facility
Owner Pays: Electricity; Gas; Sewer; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Gravel
Street Type: Paved; Public
Terms Available: Cash; Conventional
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Deck/Patio; Fireplace; Range/Oven; Refrigerator
Unit 3: Deck/Patio; Refrigerator
Listing Office: Key Realty One LLC
Listing Agent: Diane Hudzik
Last Updated: December - 30 - 2025
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