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115 College Place

Ypsilanti, MI 48197
Square Ft.
3,076
$425,000
Investment Opportunity in the Heart of Ypsilanti - 4-Unit MultifamilyWelcome 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… Read MoreRead Less
Provided through IDX through Realcomp II Ltd. Courtesy of J Dillon Realty.
Listing Snapshot
Days Online
70
Last Updated
Property Type
Multifamily
Square Ft.
3,076
Lot Size
0.14 Acres
Year Built
1914
MLS Number
20261020203
30 Days Snapshot - Source: Home Junction
30 Days Snapshot Of 48197
$329k
+9%
(avg) sold price
66
+6%
homes sold
51
-16%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved, Pub. Sidewalk
Basement
Unfinished, Walk-Up Access, Bath/Stubbed, Basement?: 1
Building
4 total units, 4 leased units, 4 one-bedroom units, Built in 1914, Architectural style: Colonial, Vinyl, 3,076 total square feet, 3,076 combined square feet, 1,224 total basement square feet, Unit count: 4
Cooling
Ceiling Fan(s)
Exterior Features
Lighting, Private Entry, Fenced
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 1
Water Features
Natural Gas, Tankless, Public (Municipal)
Heating
Radiant, Natural Gas
Interior Features
Smoke Alarm, Carbon Monoxide Alarm(s), Circuit Breakers, Entrance Foyer, Laundry Facility, Programmable Thermostat
Lot
Lot size area: 0.14, Lot size dimensions: 52.00 x 120.00
Miscellaneous
Gross scheduled income: $51,900, Income projection: Actual, Monthly rental income: $4,325, Net operating income: $38,256, Operating expense: $13,344
Parking
6 parking spaces
Pool
Pool?: 0
Property
Property type: Multifamily
Taxes
Tax amount (summer): $7,578, Tax amount (winter): $304
Sewer
Sewer (Sewer-Sanitary)
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Mortgage Calculator - Source: Home Junction
Monthly Payment
$0
Quinton Lemond
Broker/Owner
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Schools In The Area

Check out nearby schools with ratings and contact info - Source: Home Junction
Erickson Elementary School 734-221-1600 Public 1-5
Ypsilanti Community Middle School 734-221-2200 Public 6-8
Ypsilanti Community High School 734-221-1001 Public 9-12
Erickson Elementary School 734-221-1600 Public 1-5
Estabrook Elementary School 734-221-1900 Public 2-5
Ypsilanti Community Middle School 734-221-2200 Public 6-8
Ypsilanti Community High School 734-221-1001 Public 9-12

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IDX provided courtesy of Realcomp II Ltd., via GoodHome Realty, LLC and Quinton Lemond, Listing Information © Realcomp II Ltd. Shareholders. All Rights Reserved.

IDX provided courtesy of Realcomp II Ltd., via GoodHome Realty, LLC and Quinton Lemond, Listing Information © Realcomp II Ltd. Shareholders. All Rights Reserved.

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