917 W Cross St, Ypsilanti, MI 48197
- $490,000
- Sold Price
- $490,000
- List Price
- $499,900
- Closing Date
- Oct 31, 2025
- MLS#
- 81025038754
- Status
- CLOSED
- Subdivision
- NORMAL PARK
Property Description
Investors do not miss this tremendous value. Located just across the street from Eastern Michigan University. This prime 6 unit apartment building generates over $72,000 of gross rental income with $12,200 of expenses. Current insurance $3400 a year. Separate electric for each unit. Seller pays gas, water and waste management totaling $8,800 a year. Seller has invested over $80,000 dollars in upgrades over the last 12 months including roof and unit updates. Zero vacancy rate over the years. Step right into a generous positive cashflow with this outstanding investment.
Additional Information
- Year Built
- 1870
- Acres
- 0.32
- Acres
- 0.32
- School District
- Ypsilanti
- Cooling
- Window/Wall
- Heating
- Forced Air, Natural Gas
- Garage Description
- Paved
Mortgage Calculator
Courtesy of The Charles Reinhart Company 7349716070
Selling Office: Smarte Realty.
IDX provided courtesy of Realcomp II Ltd., via Real Estate Company and . Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively 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 and that the data is deemed reliable but not guaranteed accurate by the MLS.