212 W Michigan Avenue

    Ypsilanti, MI 48197
    • $310,000
    • STATUS: Active
    • ON SITE: 29 days
    • MLS #: 543264621
    UPDATED: 184 min ago
    $310,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,000
      SQFT
    • $78
      $/SQFT
    Type:
    Commercial
    Built:
    1890
    County:

    School Ratings & Info

    Description

    See Attached op Statement - 4 Unit Brick Building in Historic Downtown Ypsilanti. Walking distance to the EMU COB, AATA Bus Terminal and free EMU Shuttles to central campus. Walk to downtown restaurants and shops as well and provides easy access to I-94 for commuters along with shuttles to main EMU Campus and yards from the AAATA Bus terminal, public library and dozens or shops and restaurants. Note: Property most likely under rented with long term tenants. Apartments are well maintained and some include spiral staircase, sand blasted brick Studio Walls, Stained Glass, Hickory, Oak and Maple Floors and much more. Residential Units are entered from the rear of building via their own decks and have leases through Fall 2020. One retail space is included with long term Tenant Fast Eddies Music on MTM for 15 years. Ask Owner about how to add 35% more building space using unbuilt land to expand footprint and current un built second and third floors in rear of building. Building S

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    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The John Wentworth Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-05-18T23:56:38.193.
    www.johnwentworthgroup.com/homes/93894311

    212 W Michigan Avenue Ypsilanti, MI 48197

    • Price: $310,000
    • Status: Active
    • Updated: 184 min ago
    • MLS #: 543264621
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    4,000
    SQFT
    $78
    $/SQFT
    1890
    Built
    Neighborhood:
    (Aa) Ypsilanti (Campus Area & Do
    County:
    Washtenaw
    Area:
    (Aa) Ypsilanti (Campus Area & Do
    Property Description
    See Attached op Statement - 4 Unit Brick Building in Historic Downtown Ypsilanti. Walking distance to the EMU COB, AATA Bus Terminal and free EMU Shuttles to central campus. Walk to downtown restaurants and shops as well and provides easy access to I-94 for commuters along with shuttles to main EMU Campus and yards from the AAATA Bus terminal, public library and dozens or shops and restaurants. Note: Property most likely under rented with long term tenants. Apartments are well maintained and some include spiral staircase, sand blasted brick Studio Walls, Stained Glass, Hickory, Oak and Maple Floors and much more. Residential Units are entered from the rear of building via their own decks and have leases through Fall 2020. One retail space is included with long term Tenant Fast Eddies Music on MTM for 15 years. Ask Owner about how to add 35% more building space using unbuilt land to expand footprint and current un built second and third floors in rear of building. Building S
    Exterior Features

    Construction Materials Other Distance To Interstate .5 Foundation Details Basement Interstate YN Yes Waterfront YN No Waterway YN No

    Interior Features

    Room Count 0 Sq Ft Main 3 Sq Ft Office 0

    Property Features

    Business Type Residential Commercial Type Apartments Current Use Retail-Commercial/Residental Gross Scheduled Income 35706.00 Listing Financing Cash Monthly Sales 0 Net Operating Income 23102.00 Operating Expense 12300.00 Ownership Status Private Owned Possession Close Of Escrow Postal City Ypsilanti Settlement City Sewer Sewer-SanitaryStorm Drain Tax Amount Summer 6083.0000 Tax Amount Winter 0.0000 Title Private - Owned Total Tax 6083.0000 Unparsed Address 212 W Michigan Ave Water Source Municipal Water

    IDX provided courtesy of Realcomp II Ltd., via Real Estate One and Ann Arbor Area BOR MLS, ©2019 Realcomp II Ltd. Shareholders.


    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The John Wentworth Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-05-18T23:56:38.193.
     
    The John Wentworth Group
    2325 W Shiawassee Ave, Suite 204
    Fenton MI, 48430