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550 1st Avenue Ypsilanti, MI 48197
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Key Details
Sold Price $243,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Ypsilanti City
Subdivision Bartholomews Add
MLS Listing ID 25024213
Sold Date 07/15/25
HOA Y/N false
Year Built 1959
Annual Tax Amount $6,583
Tax Year 2024
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 66' x 198'
Property Sub-Type 2 to 4 Units
Property Description
Investment opportunity! This top-bottom duplex offers great income potential. Upper unit (2 bed/1 bath) with kitchen, living area, and balcony is leased through 6/31/2025 at $1,200/mo. Lower unit (2 bed/1 bath) is currently vacant features updated flooring and a new furnace (2020) . Detached 2-car garage leased through 6/7/2025 at $260/mo. Fire escape meets city code. Shared laundry in utility room. Large fenced backyard. Convenient location near EMU, I-94, and downtown Ypsilanti. City certified till Dec. 2026. Lots of potential for investors! Do not disturb tenants.
Location
State MI
County Washtenaw
Area Ann Arbor/Washtenaw - A
Direction Michigan Ave to 1st Avenue
Rooms
Basement Walk-Out Access
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Number 1
Laundry Common Area
Exterior
Parking Features Concrete, Driveway
Utilities Available Electricity Connected
Amenities Available Laundry
View Y/N No
Total Parking Spaces 4
Building
Sewer Public Sewer
Structure Type Brick,Vinyl Siding
New Construction No
Schools
School District Ypsilanti
Others
HOA Fee Include None
Tax ID 11-11-39-465-022
Acceptable Financing FHA, Cash, Conventional
Listing Terms FHA, Cash, Conventional
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Bought with KW Domain