422 N River Street
Ypsilanti, MI, 48198
$450,000
Beds
0 Baths
0 SqFt
0.11 Acres
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Amazing, rare investment opportunity! Charming 4-unit, multi-family income property close to the best of Ypsilanti including Depot Town, Frog Island and Riverside Parks, Hyperion and Vertex Coffee Roasters, the Ypsilanti Food Co-op, Eastern Michigan University, and more. Solid, turn-key property, very well-maintained and updated with charming vibes inside and out. Three 1-bedroom units (2 currently rented long-term) go for $1,125, and $1,150/month and efficiency unit, also currently rented, goes for $725/month. All units have their own entrance from the outside, kitchens, bathrooms, and washer/dryers (a huge plus). Newly updated Certificate of Occupancy good through 2026 with potential for short- or long-term rental potential—could also be owner occupied. Owner pays for gas and water and renters pay for separate-metered electricity. Newer boiler, 2-car garage, beautiful landscapingthis is a must see property!

Property Details

Price:
$450,000
MLS #:
25000469
Status:
Active
Beds:
0
Baths:
0
Address:
422 N River Street
Type:
Single Family
Subtype:
2 to 4 Units
City:
Ypsilanti
Listed Date:
Jan 5, 2025
State:
MI
ZIP:
48198
Lot Size:
4,966 sqft / 0.11 acres (approx)
Year Built:
1875
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Schools

School District:
Ypsilanti

Interior

Cooling
Window Unit(s)
Fireplaces Total
1
Heating
Radiant
Laundry Features
See Remarks

Exterior

Construction Materials
Other
Parking Features
Driveway, Gravel
Parking Spots
2

Financial

Tax Year
2024
Taxes
$5,104

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422 N River Street
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