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$ 359,900
Est. payment /mo
New
408 N Hamilton Street Ypsilanti, MI 48197
3 Baths
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Ypsilanti City
Subdivision Ypsilanti City
MLS Listing ID 20251041154
HOA Y/N true
Year Built 1929
Annual Tax Amount $11,352
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 36x165
Source Realcomp
Property Description
Fantastic investment opportunity! This fully occupied triplex generates $39,000 in annual gross rental income with three long-term tenants in place. Tenants pay all utilities except water.The main floor unit offers 3 bedrooms, 1 full bath, a spacious kitchen, hardwood floors, and a bright sunroom, heated with a forced-air furnace. The upper unit features 2 bedrooms, 1 bath, and a large living room, heated by a boiler system. The basement unit includes 1 bedroom, 1 full bath, and a full kitchen, with heat provided by a wall unit.Each unit has separate electrical meters and individual hot water tanks. Additional features include a detached garage for storage, a shared basement laundry room, and a shared driveway with ample parking for all three units.Located within walking distance to Eastern Michigan University, this property combines stable income, strong rental demand, and a highly desirable location.
Location
State MI
County Washtenaw
Area Ann Arbor/Washtenaw - A
Zoning Multi-Family,Residential
Direction Located on Hamilton between Cross and Florence
Rooms
Basement Daylight
Interior
Heating Baseboard, Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Lot Description Sidewalk
Water Public
Structure Type Stucco,Wood Siding
Schools
School District Ypsilanti
Others
Tax ID 111140109012
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by RE/MAX Complete
