MI > Ypsilanti > Ypsilanti City
Ypsilanti, MI 48197,501 WASHTENAW Road
Ypsilanti, MI 48197,501 WASHTENAW Road
Ypsilanti, MI 48197,501 WASHTENAW Road
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Nick Schweihofer

Nick Schweihofer

+1(616) 566-4619
$400,000
Est. payment /mo
4 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Ypsilanti City

Subdivision Ypsilanti City

MLS Listing ID 20250007590

HOA Y/N true

Year Built 1884

Annual Tax Amount $13,082

Lot Dimensions 60.00 x 185.00

Source Realcomp

Property Description

***Turn-Key Investment Property On Eastern Michigan University's Campus!This exceptional duplex, zoned R-3, offers incredible income potential just steps from Eastern Michigan University's campus. The lower unit offers 4 bedrooms and 2 full bathrooms, while the upstairs unit has 3 bedrooms and 2 full bathrooms—making it ideal for student housing, multi-family living, or even owner-occupancy. You could make the lower unit your primary homestead and live affordably while generating income from the upper unit.The property features newer shingles, exterior paint, updated mechanicals, plumbing, electric circuit panels, and a newer boiler, ensuring low-maintenance ownership. Enjoy the charm of the large wraparound front porch and the convenience of a generous lot with ample parking spaces. The Certificate of Occupancy is current, and the upper unit is already income-producing.For investors seeking to maximize returns, this property offers room to expand with the potential to add a studio to 1-bedroom unit on the third level that could rent for ~$1,100/month or more. Ultimately, this property is in a prime location—walking distance to Downtown Ypsilanti, Depot Town, and EMU Campus. A short drive to the University of Michigan, Downtown Ann Arbor, and St. Joseph's & U-M Hospitals, as well as easy access to I-94, US-23, and M-14 for effortless commuting.The cherry on the cake: it's surrounded by local amenities, parks, shopping, and dining. This property is a rare find with immediate cash flow and long-term potential.This property is a rare find with immediate cash flow and long-term potential.Open House Saturday. Showings begin Sunday.

Location

State MI

County Washtenaw

Area Ann Arbor/Washtenaw - A

Zoning Multi-Family

Direction North On Huron, West On Cross. South On Ballard. West Into The Parking Lot On The Corner Of Washtenaw And Ballard

Rooms

Basement Michigan Basement

Interior

Heating Hot Water

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Sewer Public

Water Public

Structure Type Other

Schools

School District Ypsilanti

Others

Tax ID 111140416015

Acceptable Financing Cash

Listing Terms Cash

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Listed by @properties Christies Intl RE Ann Arbor

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agent

Nick Schweihofer

+1(616) 566-4619

Team Leader, Broker | License ID: 6506047709

Team Leader, Broker License ID: 6506047709

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Phone*

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REVIEWS

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  • Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!
    Gordon L
  • Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!
    Emily Rzeszutko
  • Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!
    Kayla Kocal
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