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501 WASHTENAW Road, Ypsilanti City, MI 48197
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$355,000
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Home Details for 501 WASHTENAW Road
Price
$355,000
Type
Multi Family
Bedrooms
7
Total Bathrooms
4
Full Bathrooms
4
Half Bathrooms
4
Year Build
1884
Sq. Ft.
2506
County
Washtenaw
Garage
1
Tax
$13,082
MLS®️ Listing#
20250007590
On exitrealty.com
307 days
Property Description
***Turn-Key Investment Property On Eastern Michigan University’s Campus!
This exceptional duplex, zoned R-3, offers incredible income potential just steps from Eastern Michigan University's campus. The lower unit offers 4 bedrooms and 2 full bathrooms, while the upstairs unit has 3 bedrooms and 2 full bathrooms—making it ideal for student housing, multi-family living, or even owner-occupancy. You could make the lower unit your primary homestead and live affordably while generating income from the upper unit.
The property features newer shingles, exterior paint, updated mechanicals, plumbing, electric circuit panels, and a newer boiler, ensuring low-maintenance ownership. Enjoy the charm of the large wraparound front porch and the convenience of a generous lot with ample parking spaces. The Certificate of Occupancy is current, and the upper unit is already income-producing.
For investors seeking to maximize returns, this property offers room to expand with the potential to add a studio to 1-bedroom unit on the third level that could rent for ~$1,100/month or more. Ultimately, this property is in a prime location—walking distance to Downtown Ypsilanti, Depot Town, and EMU Campus. A short drive to the University of Michigan, Downtown Ann Arbor, and St. Joseph's & U-M Hospitals, as well as easy access to I-94, US-23, and M-14 for effortless commuting.
The cherry on the cake: it’s surrounded by local amenities, parks, shopping, and dining. This property is a rare find with immediate cash flow and long-term potential.This property is a rare find with immediate cash flow and long-term potential.
Open House Saturday. Showings begin Sunday.
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- Heating Information
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- None
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- Public
Listing Courtesy: @properties Christies Intl RE Ann Arbor - 734-237-6901
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Market statistics compiled from data from Michigan Regional Information Center.
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$355,000
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220