103 N Adams Street Ypsilanti, MI ^$ 595,000

103 N Adams Street

^$ 595,000

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103 N Adams Street

Ypsilanti, MI, 48197

^$ 595,000

Studio Baths0.0

Monthly Estimate*

^$ 3,955

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Studio

Multi-Family Home for sale in Ypsilanti, MI

for $595,000. This home was built in 1944 on a lot size of 0.43.

Discover this prime investment property in Ypsilanti, MI, featuring five units plus a garage all fully rented! Conveniently located near schools, parks, and shopping centers, each unit offers comfortable living spaces and potential for strong rental income. With low vacancy rates and opportunity for value-add, this property presents an excellent opportunity for investors seeking stability and growth in the rental market. Don't miss out - schedule a showing today!

Multi-Family Active

Price

^$ 595,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,942

Style

5+ Units

Lot Size

0.43

Year Built

1944

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

24010118

Features

General

Sewer Public Sewer

Heating Radiant Baseboard Natural Gas

Utilities Public Sewer Available Natural Gas Connected Electric Connected

Possession Subject To Tenant Rights

Construction Materials Brick

Year Built 1944

Tenant Pays Electric Gas

Township Ypsilanti City

Property SubType 5+ Units

Tax Year 2023

Gross Income 74868.0

County Washtenaw

New Construction N

Property Type Multi-Family

Status Active

Directions Google Maps

City Ypsilanti

High School District Ypsilanti

NumberOfUnitsTotal 5

MLS Area Ann Arbor/Washtenaw - A

Lot Size Units Acres

Lot Size Square Feet 18731.0

Waterfront Y/N N

Street Name Adams

Land Lease Y/N N

Tax Annual Amount 2942.0

Lease Renewal Y/N N

MLS Area Minor Ann Arbor/Washtenaw - A

Additional Parcels Y/N N

Rent Control Y/N N

Days on Market 90

Standard Status Active

Tax Assessed Value 97582

Legal Description *OLD SID - 11 11-030-008-00 YP CITY 2-W9 S 107.7 FT OF LOTS 7 & 8 ALSO E 30.8 FT OF LOT 9 ORIGINAL PLAT.

Senior Community None

Interior

Basement Crawl Space

Total Fireplaces 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Street Suffix Street

Electric On Property Y/N N

Total Baths 0

Exterior

Total Parking 5.0

Lot Size Area 0.43

Number of Buildings 1

Spa N

Lot Dimensions 0

Lot Size Acres 0.43

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 103

* Excluded Features

List By

Keller Williams Ann Arbor

Broker

LeeMarshall@KW.com

Affordability Calculator

$4,200

Per Month

Monthly Principal & Interest: $3,955
Monthly Property Taxes: $245
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Ypsilanti, MI

Average List Price ^$411,731

Percent of Sale Price 31%

About Ypsilanti, MI

20,639 Population

-8% Since 2002

^$38,265 Median Income

27.51 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4209139 Elementary School

4209138 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/1/2024	$595,000		Listed Price

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103 N Adams Street, Ypsilanti, MI, 48197 is a Multi-Family Home for sale at $595,000 with a lot size of 0.43. 103 N Adams Street is a studio with 0.0 baths and was built in 1944. The property's zip code is 48197 which is in Ypsilanti, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

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.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 5/31/2024.

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103 N Adams Street

Multi-Family Home for sale in Ypsilanti, MI

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