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917 W Cross Street Ypsilanti, MI 48197
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Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality Ypsilanti City
Subdivision Normal Park
MLS Listing ID 25038754
Sold Date 10/31/25
Year Built 1870
Annual Tax Amount $8,700
Tax Year 2024
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 98x140
Property Sub-Type 5+ Units
Source Michigan Regional Information Center (MichRIC)
Property Description
Investors do not miss this tremendous value. Located just across the street from Eastern Michigan University. This prime 6 unit apartment building generates over $72,000 of gross rental income with $12,200 of expenses. Current insurance $3400 a year. Separate electric for each unit. Seller pays gas, water and waste management totaling $8,800 a year. Seller has invested over $80,000 dollars in upgrades over the last 12 months including roof and unit updates. Zero vacancy rate over the years. Step right into a generous positive cashflow with this outstanding investment.
Location
State MI
County Washtenaw
Area Ann Arbor/Washtenaw - A
Direction W Cross Street right before the tower apartments building.
Rooms
Basement Crawl Space, Michigan Basement
Interior
Heating Forced Air
Cooling Wall Unit(s)
Exterior
Parking Features Concrete, Driveway
Utilities Available Natural Gas Available, Cable Available, Natural Gas Connected, Electricity Connected, Storm Sewer
View Y/N No
Street Surface Paved
Total Parking Spaces 8
Building
Sewer Public Sewer
Structure Type Aluminum Siding
New Construction No
Schools
Elementary Schools Estabrook Elementary School
Middle Schools Ypsilanti Community Middle School
High Schools Ypsilanti Community High School
School District Ypsilanti
Others
Tax ID 11-11-40-134-002
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Smarte Realty
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