$930,000
$995,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
224 W Michigan Avenue Ypsilanti, MI 48197
3,049 Sqft Lot
Key Details
Sold Price $930,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Subdivision Lot 79 Original Plat
MLS Listing ID 24026853
Year Built 1899
Annual Tax Amount $9,686
Tax Year 2023
Lot Size 3,049 Sqft
Property Description
13-unit mixed use retail/office commercial and residential income property: 3 retail and 10 residential units. Solidly constructed all-brick with over 9400 sq-ft on three levels. 7 studio units, 2-2 bed and 1-3 bed units. Separate utilities, laundry room, ample private and public parking. Numerous upgrades and updates including brick facade, roof, A/C, bamboo flooring, carpet, granite, windows, appliances, more. Commercial tenants pay all utilities. Second floor: tenant pays gas and electric. Third floor: tenant pays elect. Central air on floors 1 and 3; window units on floor 2. Very close to EMU College of Business, Huron River and Riverside Park. 100% leased, and tenants require lead time for viewing requests.
Location
State MI
County Washtenaw
Area Ann Arbor/Washtenaw - A
Interior
Heating Forced Air
Cooling Wall Unit(s), Central Air
Fireplaces Number 1
Laundry Common Area, Laundry Closet
Exterior
Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Water Available, Sewer Available, Storm Sewer, Broadband
Amenities Available Laundry
Waterfront No
View Y/N No
Roof Type Other
Building
Lot Description Sidewalk
Sewer Public Sewer
Structure Type Brick
New Construction No
Schools
School District Ypsilanti
Others
Acceptable Financing Cash, Tax Def Exchange
Listing Terms Cash, Tax Def Exchange
Read Less
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