Active

414 Emmet Street
Ypsilanti, MI 48197

$250,000 $237,000

Estimated $/mo*

2,648

Square Feet
Estimate Finished Square Feet
2,648 Sq Ft Above Ground
This fantastic 4-unit income property has a great location close to campus. Current annual rent is $29,700 with room to grow. Recent improvements include a newer furnace and newer electric panels that are sub metered. Tenants pay utilities. Apt 1 is a 2-bedroom, rents for $800/mo, and is leased through 9/30/21. Apt 2 is a 1-bedroom, rents for $525/mo, and is leased through August 2022. Apt 3 is a 1-bedroom, rents for $575/mo, and is leased through August 2022. Apt 4 is a 1-bedroom, rents for $575/mo, and is leased through August 2022
View Property Website
Details

Type

  • Income Property

Year Built

  • 1896

MLS#

  • 3282894

Lot Size

  • 0.17

Number Of Kitchens

  • 4

Laundry

  • No

Number of Units

  • 4

Road Type

  • Public

Taxable Value

  • $8,712

State Equalized Value

  • $125,600

Community

Community - Ypsilanti Area

Ypsilanti, and adjacent Ypsilanti Township, with a combined population of about 74,000, are located on Ann Arbor's eastern border.  Many of Ypsilanti's residents work at the businesses and industries located in Ypsilanti; others work in Ann Arbor and surrounding communities, or eastward in the greater Detroit area.


View Ypsilanti Neighborhood Videos

 

Starting in the 1920's, Ypsilanti began to play a role in the development of the automobile, and auto production continues to be an important part of Ypsilanti's economy today.  Ypsilanti really hit the map during World War II, when Henry Ford's Willow Run B-24 bomber plant became the first to produce the planes on an assembly line, turning out one bomber roughly every hour.  The Yankee Air Museum and its annual Thunder over Michigan air show at the Willow Run Airport are popular destinations recounting the history of that time.
 

Ypsilanti is home to Eastern Michigan University, founded in 1849 as Michigan State Normal School; EMU now enrolls about 24,000 undergraduate and graduate students.  With 12 parks in the city, and another 30 in the township, recreational opportunities are many.  A number of the parks flank the Huron River or Ford Lake, offering access to a variety of water sports.  Throughout the year, a number of special events dot the calendar; among the most popular are the Elvisfest and the Ypsilanti Heritage Festival.
 

Many housing styles and ages are found in the Ypsilanti area, from stately Italianate and Queen Anne examples to newly built neighborhoods.

 

Nearby Properties Mortgage Calculator

Broker Reciprocity

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange ("IDX") program of Ann Arbor Area Board of Realtors®. Real estate listings held by brokers other than Reinhart Realtors are marked with the IDX Logo. All information is subject to change and should be independently verified.