408 N Hamilton St, Ypsilanti, MI 48197
- $340,000
- 3
- BA
- 2,800
- SqFt
- Sold Price
- $340,000
- List Price
- $348,900
- Closing Date
- Feb 25, 2026
- MLS#
- 20251041154
- Status
- CLOSED
- Bathrooms
- 3
- Subdivision
- NORRIS & CROSS ADD
Property Description
Fantastic investment opportunity! This fully occupied triplex generates $40,680 in annual gross rental income with three long-term tenants in place. 2 of the tenants have been in the house for over 15 years and the other tenant has occupied the upstairs for over 5. Tenants pay all utilities. 2 units just renewed for another 12months to February 2027! The third unit plans on renewing their lease in April 2026 for an additional 12 months. The main floor unit offers 3 bedrooms, 1 full bath, a spacious kitchen, hardwood floors, and a bright sunroom, heated with a forced-air furnace. The upper unit features 2 bedrooms, 1 bath, and a large living room, heated by a boiler system. The basement unit includes 1 bedroom, 1 full bath, and a full kitchen, with heat provided by a wall unit. Each unit has separate electrical meters and individual hot water tanks. Additional features include a detached garage for storage, a shared basement laundry room, and a shared driveway with ample parking for all three units. Located within walking distance to Eastern Michigan University, this property combines stable income, strong rental demand, and a highly desirable location.
Additional Information
- Year Built
- 1929
- Basement Type
- Daylight, Finished, Full, Walkout
- Acres
- 0.14
- Style
- Triplex
- Acres
- 0.14
- School District
- Ypsilanti
- Interior Features
- High Speed Internet
- Cooling
- Ceiling Fan(s)
- Heating
- Baseboard, Forced Air, Natural Gas, Wall Furnace
- Exterior Features
- Lighting
- Garage Description
- Garage, Shared Driveway
Mortgage Calculator
Courtesy of RE/MAX Complete 2487219980
Selling Office: EXP Realty The Perna Team.
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