Ypsilanti Twp, MI 48198,1236 Holmes Road
Ypsilanti Twp, MI 48198,1236 Holmes Road
Ypsilanti Twp, MI 48198,1236 Holmes Road
Ypsilanti Twp, MI 48198,1236 Holmes Road
Ypsilanti Twp, MI 48198,1236 Holmes Road
Ypsilanti Twp, MI 48198,1236 Holmes Road
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$ 865,000
Est. payment | /mo

7 Beds

0.58 Acres Lot


Save
$ 865,000
Est. payment | /mo
Save

7 Beds

0.58 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Contingent

Purchase Type For Sale

MLS Listing ID 81025005632

Bedrooms 7

Originating Board Greater Metropolitan Association of REALTORS®

Year Built 1968

Annual Tax Amount $12,131

Lot Size 0.580 Acres

Acres 0.58

Lot Dimensions 99 x 256.58

Property Description

Fantastic opportunity to expand your investment portfolio with this fully rented 7-unit apartment building with great proximity to Depot Town and EMU! This well-maintained building is set back from the road with plenty of parking for tenants and guests. Each unit has 2 bedrooms and 1 full bathroom furnished with refrigerator, range/oven, and wall air conditioner. Landlord pays for dumpster and water (single meter - most tenants charged an additional water fee) while the rest of the utilities are paid by the tenants. Shared coin-operated laundry machines are leased and provide additional income. Gross rents are currently $86,736/year with room to increase - see attachments for rent roll, proforma P&L, and additional information. Since all units are occupied, showings/inspections will onlybe allowed after an offer is accepted with listing agent present.

Location

State MI

County Washtenaw

Area Ypsilanti Twp

Zoning Other

Direction South Side of Holmes Road Between Bagley Avenue and N. Harris Road

Interior

Interior Features Laundry Facility

Heating Forced Air

Cooling Wall Unit(s)

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Garage Spaces 21.0

Road Frontage Paved, Pub. Sidewalk

Garage no

Building

Foundation Crawl

Sewer Public Sewer (Sewer-Sanitary), Storm Drain

Water Public (Municipal)

Structure Type Brick

Schools

School District Ypsilanti

Others

Pets Allowed Yes

Tax ID K1103400009

Ownership Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Realcomp MLS
Listed by Aleksandr Milshteyn of Real Estate One
agent
Brian Cook

General Manager | License ID: 6501348888

+1(810) 240-1383 | bcook@c21metrobrokers.com

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1236 Holmes Road