625 N Adams St, Ypsilanti, MI 48197
- $300,000
- 4
- BD
- 2
- BA
- 1,736
- SqFt
- List Price
- $300,000
- MLS#
- 81026049779
- Status
- ACTIVE
- Bedrooms
- 4
- Bathrooms
- 2
- Total Square Footage
- 1,736
Property Description
**Two-Unit Investment Property -- Ypsilanti** A fantastic opportunity for investors seeking reliable, established income in a prime Ypsilanti location. This well-maintained two-unit property features two bedrooms and one bathroom in each unit, with the back unit offering convenient access to the garage. Both units are currently occupied by excellent, long-term tenants who have been low-maintenance and reliable. Unit 1 is leased at $1,050/month with a lease in place until February 2027, and Unit 2 is leased at $1,250/month with a lease in place until August 2027 -- giving a new owner immediate, secured cash flow with no lease-up period. This property has been a solid, dependable performer, and the sellers are moving forward with the sale only due to a shift in their portfolio strategy -- not because of any issues with the property or its income. Unbeatable location -- close to Eastern Michigan University and Washtenaw Community College, downtown Ypsilanti, and Depot town!Updates include, new water heaters in both units (2024), new washer & dryer in unit 2 (2026)Showings are subject to tenants' rights ??? 48 hours notice required. Seller is a licensed agent in the State of Michigan.
Additional Information
- Year Built
- 1900
- Foundation
- Michigan Basement
- Acres
- 0.11
- Style
- Traditional
- Acres
- 0.11
- School District
- Ypsilanti
- Appliances
- Dishwasher, Dryer, Microwave, Refrigerator, Range, Washer
- Cooling
- Window/Wall
- Heating
- Forced Air, Natural Gas
- Garage Spaces
- 2
- Garage Description
- Detached, Gravel
Mortgage Calculator
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