This Multifamily Property is Off-Market.

525 N. Adams St.
Ypsilanti, MI 48197 ·

8 Units · Multifamily For Sale

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525 N. Adams

Price N/A Property Use Type Investment
No. Units 8 Commission Split 2%
Building Size 4,621 SF Cap Rate 7.50%
Property Type Multifamily Lot Size 13,176 SF
Property Sub-type Garden/Low-Rise
Listing ID: 15835404 Date Created: 08/05/2008 Last Updated: 01/07/2009

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).

Research

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

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