701 Emmet St - Apartments FOR SALE


Ypsilanti, MI 48197- Midtown Ypsilanti
$1,099,000 USD
734-412-5636
701 Emmet St, Ypsilanti, MI for Sale
$1,099,000 USD
Apartments - FOR SALE
1/19
null | 6.7% Cap Rate

701 Emmet St
Ypsilanti, MI 48197
Midtown Ypsilanti


OVERVIEW

Excellent opportunity on the doorsteps of EMU Campus. High traffic area and easy leasing. These 2 homes are located on the same parcel and could be a great redevelopment opportunity. Whether you're a new investor or a savvy veteran these properties will fit right into any size portfolio. All apartment interiors have had some updates over the last 3 years, including professional paint, carpet, flooring, bathroom and fixture replacements. LOW Maintenance, leave the worries behind with brand new HVAC for each apartment and a thorough turnovers by current management team. The two homes contain 4,809 square feet of living space arranged as a six (6) unit apartment building and a four (4) unit apartment building. Proforma in attachments with listing brochure. BATVI, listing brochure is created with estimated uncapped taxes and market rate rents. Showings will be approved with 48hr notice and qualified LOI.

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

10

PRICE/UNIT

$109,900

CAP RATE

6.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

701 and 705 Emmet St Ypsilanti

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

-

APN/PARCEL ID

11-40-429-001

ASK ABOUT THIS PROPERTY

Max CopeArboright Realty LLCMore Info
734-412-5636

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Max CopeArboright Realty LLCMore Info
734-412-5636

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