Historical Multifamily Sale Listing - 525 N. Adams

Multifamily For Sale

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525 N. Adams

525 N. Adams St., Ypsilanti, MI 48197

N/A

8 Units | Multifamily

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525 N. Adams

Multifamily Property - Off Market

Price:
N/A
No. Units:
8
Building Size:
4,621 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
7.50%
Lot Size:
13,176 SF
Listing ID
15835404
Last Updated
over 1 year ago

Description

525 N. Adams is a historical house located two blocks and a half blocks from Eastern Michigan University. The house is also about 5 minutes away from University of Michigan-Ann Arbor. There is dedicated permit-only parking adjacent to the house and onsite laundry facilites in the basement for tenants. There are two 2 bed/1 bath units and six 1 bed/1 bath units.

Units are consistently in high demand due to proximity to Universities and affordability of rents. Usually a waiting list for vacancies. Repairs and maintenance are a high priority for current owners

Properties are located within 2 1/2 blocks of Eastern Michigan University main campus and College of Business and 5 minutes from University of Michigan. Closest major cross streets are Forest Ave and Huron St.

The properties are located within the Ypsilanti Historic District. Close to all types of shopping and employment, major freeways (I-94, US-23), St. Joseph Mercy Hospital, excellent schools K-12, churches, 20 mins to Detroit Metropolitan Wayne County Airport (DTW).

Map of 525 N. Adams St., Ypsilanti, MI 48197 (Washtenaw County)

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