518 W Michigan Avenue
Ypsilanti, Michigan 48197
3
Bed
0
Bath
0.12Acre(Lot)
Turnkey investment perfect for any investor. Perfect for student housing. This 3 unit/residential multi-family is close to the university and the downtown. An old large house turned into apartments with reasonable rents and well maintained. With parking spaces, the city transit and nearby business and food services, this is an ideal location. High earnings . Clean spacious, and ready to make someone passive income. Zoning map attached. Monthly income is $2,665.Financial information available upon signed contract.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Heating & Cooling
Heating: Forced Air Heating Fuel: Electric,Natural Gas
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Building Information
Year Built: 1893 Total Units: 3 Foundation/Basement: Crawl,Slab,Michigan Basement -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal)
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Lot Information
Lot Size: 0.12 Lot Dimensions: 75x70 Frontage Feet: 75 -
Property Information
Financing: Cash,Conventional,FHA,VA
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Listing Price Information
Original List Price: $312,000 -
Listing Information
Possession: Subject To Tenant Rights Legal Description: *OLD SID - 11 11-060-064-00 YP CITY 10W-61 LOT 64 ASSESSOR'S PLAT NUMBER 10. 518 W MICHIGAN
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Tax Information
Annual Tax: $7,537 Parcel Number: 111140463038Possession
Subject To Tenant RightsLegal Information
Legal Description: Section: *OLD SID - 11 11-060-064-00 YP CITY 10W-61 LOT 64 ASSESSOR'S PLAT NUMBER 10. 518 W MICHIGAN
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Unit 1 Information
# of Bedrooms: 3
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School Information
School District: Ypsilanti -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 106 N Summit Street , Ypsilanti, MI, 48197 | $349,000 | 5 | -- | -- | 0.23 Acre |
| 116 N Summit Street , Ypsilanti, MI, 48197 | $319,000 | 6 | -- | -- | 0.21 Acre |
| 124 N Summit Street , Ypsilanti, MI, 48197 | $495,000 | 9 | -- | -- | 0.21 Acre |
| 428 N Washington Street , Ypsilanti, MI, 48197 | $339,000 | 5 | -- | -- | 0.08 Acre |
| 11 S Summit Street , Ypsilanti, MI, 48197 | $475,000 | 9 | -- | -- | 0.16 Acre |
| 9 S Summit Street , Ypsilanti, MI, 48197 | $239,000 | -- | -- | -- | 0.19 Acre |
| 17 N Summit Street , Ypsilanti, MI, 48197 | $329,000 | 2 | -- | -- | 0.14 Acre |
| 125 N Summit Street , Ypsilanti, MI, 48197 | $319,000 | 6 | -- | -- | 0.23 Acre |
| 100 S Washington Street , Ypsilanti, MI, 48197 | $1,050,000 | 8 | -- | -- | 0.25 Acre |
| 108 N Wallace Boulevard , Ypsilanti, MI, 48197 | $399,900 | 4 | -- | -- | 0.18 Acre |
Similar Multifamily To 518 W Michigan Avenue
Nearby For Sale
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ByOwner last updated this listing 09/01/2026 @ 19:54
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