519 N Harris Rd - Apartments FOR SALE


Ypsilanti, MI 48198- Prospect Park
$1,250,000 USD
734-602-5700
519 N Harris Rd, Ypsilanti, MI for Sale
$1,250,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

519 N Harris Rd
Ypsilanti, MI 48198
Prospect Park


HIGHLIGHTS

  • Thirteen-unit apartment complex with 11 one-bedroom and 2 two-bedroom layouts.
  • All-brick construction with stick-frame structure and pitched shingle roof.
  • Ample on-site parking with 20 designated spaces for tenants and guests.
  • Just 2 miles from Eastern Michigan University and near major shopping areas.
  • Immediate access to I-94 and US-23 for convenient regional connectivity.
  • Includes on-site laundry facilities and extra storage areas.

OVERVIEW

his multifamily property offers a solid investment opportunity in Ypsilanti, Michigan, with a total building size of 8,711 square feet and 13 residential units. The building comprises eleven one-bedroom units and two two-bedroom units, providing consistent rental demand and flexibility for prospective tenants. Constructed with a brick exterior and stick-frame system, the property includes 20 on-site parking spaces, standard utilities, and convenient on-site laundry and storage facilities. Located near Downtown Ypsilanti, the property benefits from strong connectivity to the surrounding region. Positioned just 2 miles from Eastern Michigan University and 1 mile from I-94, it ensures easy access for both students and commuters. US-23 is only 4 miles away, creating seamless travel north and south. This well-situated asset offers proximity to shopping, dining, and services, reinforcing its long-term rental appeal. Perfect for investors seeking stable returns with value-add potential in a growing Southeast Michigan market.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

13

PRICE/UNIT

$96,154

CAP RATE

Request Cap Rate

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mabro Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

R-5

APN/PARCEL ID

11-03-483-002

ASK ABOUT THIS PROPERTY

Stewart BealBeal Real Estate LLCMore Info
734-602-5700

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Stewart BealBeal Real Estate LLCMore Info
734-602-5700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.