408 N Hamilton Street new Save Request In-Person Tour Request Virtual Tour
Ypsilanti,MI 48197
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,250 sqft
Price per Sqft $159
Subdivision Mi
MLS Listing ID 60941363
Style 2 Story
Full Baths 3
Year Built 1929
Annual Tax Amount $11,352
Lot Size 6,098 Sqft
Property Sub-Type Multi-Family
Property Description
Fantastic investment opportunity! This fully occupied triplex generates $39,000 in annual gross rental income with three long-term tenants in place. Tenants pay all utilities except water. 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.
Location
State MI
County Washtenaw
Area Ypsilanti (81033)
Interior
Heating Baseboard,Forced Air
Cooling Ceiling Fan(s)
Exterior
Exterior Feature Wood
Amenities Available Laundry Facility
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Wood
Schools
School District Ypsilanti Public School District