550 First Avenue #1-2, Ypsilanti, MI 48197     Pending

119,000

4 beds | 2 baths

(734) 474-0764

GPS

Property type: Residential-Condo/Townhouse/Co-op

Annual taxes: $2,941

Year built: 1959

Acreage: 0

Buyer Possession: At Closing

Above Grade Square Footage: 900

Property Details

Property type:
Residential-Condo/Townhouse/Co-op
List price:
$119,000
Annual taxes:
$2,941
Year built:
1959
Foundation type:
Slab
Above Grade Square Footage:
900
Square Footage Source:
Assessor
Lot Size: (frontage x depth):
Acreage:
Water Access:
No
Waterfront:
No
Buyer Possession:
At Closing
School Information

School District: Ypsilanti Community Schools/ School of Choice

Finance Options
Cash, Conventional Mortgage

Property Features

Garage
2 Car
Garage Type
Detached
Garage Features
Side Entrance
Architectural Style
Colonial
Fuel Type
Gas, Electric
Water
Municipal Water
Water Heater
Gas, Electric
Sewer
Sewer-Sanitary
External features
Chain-link Fencing
Internal features
Cable Available
Exterior
Vinyl
Cooling
Central Air, 2+ Windows, 2+ Walls, 2+ Ceiling Fans
Appliances
Disposal, Freezer, Electric Range, Gas Range, Refrigerator, Stove
Heating
Forced Air, Hot Water
Road
Paved

Property Description

INVESTMENT OPPORTUNITY IS KNOCKING!!! 2 unit rental with tenants in the upper unit until 9/2018 and lower unit 12/2018. City Certified 2 bedrooms, 1 bath on lower level, upper unit 1 bed, 1 bath and balcony. Fire escape per city guidelines. 2 car detached garage, central air, completed renovations in 2015. Bathrooms all new tiles and fixtures, All new electrical, separate meters for gas and electric, tenants pays gas and electric! Landlord pays water/lawn/ snow maintenance. Close to EMU- never an empty unit! Rent is $725 Apartment 1 & $800 Apartment 2. Making it a total $1,525 Monthly Revenue. 10% Return on investment CAP RATE out the door after all expenses. Property was fully renovated in 2013. New Wallside Windows, New Roofing, New Driveway, New Framing, New Electrical, New Heating, New Ventalation System, New Central AC Units, New Doors, New Trim, New Paint, New Flooring, New Balcony, New Kitchen Cabinets,New Countertops, New Bathrooms Tiled, New Appliances for both apartments. DO NOT DISTURB TENANT OCCUPANT. SCHEDULE SHOWING ON REOZOM OR IT WILL BE CONSIDERED TRESPASSING

Room data

Bathrooms
Full Bathroom 10 x 10 Upper
Full Bathroom 10 x 10 Lower
Bedrooms
Bedroom 10 x 10 Upper
Bedroom 10 x 10 Upper
Bedroom 10 x 10 Lower
Bedroom 10 x 10 Lower
Kitchens
Kitchen 10 x 15 Upper
Kitchen 10 x 15 Lower
Others
Living Room 10 x 12 Upper

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