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213 Ballard St
Ypsilanti, MI 48197
Ypsilanti Duplex - Income Property · Multifamily Property For Sale
·
2 Units
Investment Highlights
- Walkable / Bikeable to Campus / Dining / Shopping /Parks
- Well maintained
Executive Summary
The BENEFIT of this City of Ypsilanti DUPLEX … Location - Location - Location. Very near to everything important including Eastern Michigan University, Hospitals, schools, parks, business districts, shopping, dining, and more. Situated at a premium convenient location in Ypsilanti where access to Ann Arbor, Freeways, and other key essentials allow this property to be an excellent rental fitting the needs of many tenants. It will be difficult to find a better location accommodating a large rental pool. INVESTMENT – INVESTMENT - INVESTMENT. This multi-family home offers two units. UPPER UNIT: 4 Bedrooms, 1 Full Bathroom, Living Room, Dining Area, Kitchen and many updates and improvements. MAIN LEVEL UNIT: 3 Bedrooms, 1 Full Bathroom, Living Room, Breakfast Nook, Private covered deck, Kitchen, Full Basement. AMPLE OFF-STREET PARKING. Common Laundry Area. All appliances owned and sold with property. This property has been well maintained, with updates, and is a super easy investment opportunity. NEW RENTAL CERTIFICATION GOOD FOR 3 YEARS. Showings are by appointment only and require proof of ability to purchase at list price. Call your local Realtor today to take advantage of this fantastic buying opportunity. FULLY LEASED. UPPER Unit good through August 2025. LOWER UNIT good through Spring 2025. TENANTS PAY all utilities (Gas, Electric, Water and Sewer).
Property Facts
| Price Per Unit | $294,004 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,032 SF |
| Cap Rate | 5.61% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1870/2015 |
| Property Subtype | Apartment | Parking Ratio | 4.92/1,000 SF |
| Apartment Style | Single-Family Home | ||
| Zoning | Multi Family - Multi Family | ||
| Price Per Unit | $294,004 CAD |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Lot Size | 0.15 AC |
| Building Size | 2,032 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1870/2015 |
| Parking Ratio | 4.92/1,000 SF |
| Zoning | Multi Family - Multi Family |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
- Basement
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $1,937 CAD | 1,032 |
| 4+1 | 2 | $1,937 CAD | 1,000 |
Property Taxes
| Parcel Number | 11-40-182-014 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $193,146 CAD |
Property Taxes
Parcel Number
11-40-182-014
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$193,146 CAD
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