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115 COLLEGE Place Pl, Ypsilanti City, MI 48197
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$450,000
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Home Details for 115 COLLEGE Place Pl
Price
$450,000
Type
Multi Family
Bedrooms
4
Total Bathrooms
6
Full Bathrooms
6
Year Build
1914
Sq. Ft.
3076
County
Washtenaw
Garage
1
Basement
Bath/Stubbed, Full, Unfinished, Walk-Up Access, Sump Pump
Tax
$7,757
MLS®️ Listing#
20250034364
On exitrealty.com
187 days
Property Description
Investment Opportunity in the Heart of Ypsilanti – 4-Unit Multifamily
Welcome to 115 College Place, a well-maintained and updated 4-unit multifamily residence in one of Ypsilanti’s most sought-after investment corridors. Located just minutes from Eastern Michigan University and Downtown Ypsi’s growing cultural and dining scene, this property presents an outstanding opportunity for both seasoned investors and those entering the multifamily market.
Each of the four units is currently leased, generating immediate rental income with long-term upside. The building features numerous capital improvements including a new boiler system, durable vinyl siding, and Trex composite decking that ensures low maintenance and curb appeal. Many units have been updated with fresh finishes, offering clean and functional living spaces while still leaving room for future value-add potential.
Tenants enjoy a common secured front entry, shared on-site laundry, and private parking, a rare commodity in the area. The full basement features glass block windows and is prepped for finishing, ideal for additional storage, a shared lounge space, or future expansion. Above, a spacious walk-up attic offers even more room for future development—whether additional units, creative loft space, or enhanced storage options.
A detached garage provides extra storage for maintenance tools, seasonal items, or additional revenue possibilities. Located on a quiet, residential street just blocks from EMU, Depot Town, and expressways, this property is in a high-demand rental area with strong tenant retention.
All units are occupied; please do not disturb tenants. Private tours are available by appointment only through the listing agent.
Whether you’re looking to expand your portfolio or secure a cash-flowing property in a vibrant college town, 115 College Place is a rock-solid opportunity with multiple avenues for future growth.
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- Basement
- Bath/Stubbed
- Full
- Unfinished
- Walk-Up Access
- Sump Pump
- Cooling Information
- None
- Ceiling Fan(s)
- Heating Information
- Natural Gas
- Radiant
- House Interior
- Entrance Foyer
- Smart Thermostat
- Parking
- Garage
- Parking Lot
- Water Features
- Public
Listing Courtesy: J Dillon Realty - 734-777-4448
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Market statistics compiled from data from Michigan Regional Information Center.
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$450,000
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220