407 E Cross Street Ypsilanti, MI ^$ 275,000

407 E Cross Street

^$ 275,000

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407 E Cross Street

Ypsilanti, MI, 48198

^$ 275,000

Studio Baths0.0

Monthly Estimate*

^$ 1,828

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Studio

Multi-Family Home for sale in Ypsilanti, MI

for $275,000. This home was built in 1896 on a lot size of 0.19.

Discover this exceptional multi-unit property in Ypsilanti, MI, boasting three income-generating units. Each unit offers comfortable living spaces and functional amenities, attracting tenants seeking quality accommodations. With a proven track record of rental income and the potential for further growth, this property presents an enticing opportunity for investors. Take advantage of this prime investment and schedule a showing today!

Multi-Family Active

Price

^$ 275,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 4,753

Style

2 to 4 Units

Lot Size

0.19

Year Built

1896

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

24010123

Features

General

Sewer Public Sewer

Heating Wall Furnace Natural Gas

Utilities Public Sewer Available Natural Gas Connected Electric Connected

Possession Subject To Tenant Rights

Construction Materials Aluminum Siding

Year Built 1896

Tenant Pays Electric Gas

Township Ypsilanti City

Property SubType 2 to 4 Units

Tax Year 2023

Gross Income 37549.0

County Washtenaw

New Construction N

Property Type Multi-Family

Status Active

Directions Google Maps

City Ypsilanti

High School District Ypsilanti

NumberOfUnitsTotal 3

MLS Area Ann Arbor/Washtenaw - A

Lot Size Units Acres

Lot Size Square Feet 8276.0

Waterfront Y/N N

Street Name Cross

Land Lease Y/N N

Tax Annual Amount 4753.0

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 58028

Legal Description *OLD SID - 11 11-360-464-00 YP CITY 21E-41 LOT 464 M. NORRIS' ADDITION. 407 E CROSS

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 3.0

Lot Size Area 0.19

Number of Buildings 1

Spa N

Lot Dimensions 0

Lot Size Acres 0.19

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 407

* Excluded Features

List By

Keller Williams Ann Arbor

Broker

LeeMarshall@KW.com

Affordability Calculator

$2,224

Per Month

Monthly Principal & Interest: $1,828
Monthly Property Taxes: $396
Monthly Home Insurance: --

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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 50%

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	$275,000		Listed Price

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407 E Cross Street, Ypsilanti, MI, 48198 is a Multi-Family Home for sale at $275,000 with a lot size of 0.19. 407 E Cross Street is a studio with 0.0 baths and was built in 1896. The property's zip code is 48198 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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407 E Cross Street

Multi-Family Home for sale in Ypsilanti, MI

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