This Second Empire 1861 Gem has been completely renovated from inside out and from top to bottom.
The Gilbert Mansion is located in the Historic District of Ypsilanti and just two blocks from Historic Depot Town.
There are many options for additional revenue for this unique property.
1. Current rents are approximately 10 to 15 percent below the going rate for this area.
2. Install coin laundry, currently theirs a washer and dryer located in the basement at no cost to the tenants.
3. Currently there are 7 storage units located in the basement at no cost to the tenants. This could generate 25. to 35 per month per tenant.
4. Construct a carport and charge a fee of approximately 100.00 per month per vehicle.
5. With minimal upgrades the units could be marketed as Luxury apartments.
6. The property can be converted to condominiums.
5. Convert to luxury units with minimal upgrades, this has the potential of increasing revenues by approximately 20 to 30 percent.
6. Convert these units to condominiums.
7. Apply for a split to create one to two additional building sits. If approved this has the potential to create 4 to 6 additional units.