525 N. Adams St.
Ypsilanti, MI 48197 ·
8 Units · Multifamily For Sale
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|
|Listing ID: 15835404||Date Created: 08/05/2008||Last Updated: 01/07/2009|
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).
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