Multifamily Investment Opportunity
Price
$470,000
Investor's Dream: Turnkey 4-Unit Multifamily Property in Ypsilanti, MI
Address: 103 Washtenaw, Ypsilanti, MI 48197 Sale Price: $470,000
Square Footage: 2,850
Property Photos: https://photos.app.goo.gl/Ezi7mXFJ2G2bJv18A
Are you ready to make a smart investment in the bustling Ypsilanti real estate market? We have an exclusive off-market opportunity for you!
Property Highlights:
Unit Composition: This multifamily property consists of four units, all of which are currently occupied.
Rental Income: The property generates a monthly rental income of $2,785 and an annual rental income of $33,420.
Rental Potential: The market rent potential is impressive, with $1,100 per unit for three of the units and $900 for the remaining unit.
Tenant Situation: At present, all four units are occupied. One unit is owner-occupied, with the owner's mother residing there (not paying rent), and one unit is on a month-to-month lease. The other two units have reliable, paying tenants.
Condition: The building and all units are in excellent turnkey condition. Tenants are content and satisfied with their living arrangements.
Immediate Cash Flow: This property offers an excellent opportunity for an investor to start generating cash flow immediately.
Location Benefits:
Conveniently located in Ypsilanti, MI, a growing and vibrant community with a thriving rental market.
Proximity to essential amenities, schools, parks, and public transportation, making it attractive to potential tenants.
Offer Submission: If you are interested in this outstanding investment opportunity, don't hesitate to make your move. Submit all offers directly to sarter@promiselandrealtyllc.com.
Don't miss out on this rare off-market listing.
Contact us today to learn more and seize the potential of this turnkey multifamily property in Ypsilanti. It won't stay available for long!
Property Map
"YOUR #1 SOURCE FOR OFF MARKET INVESTMENT PROPERTIES, NATIONWIDE!"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*