Historical Multifamily Sale Listing - Washington Place

Multifamily For Sale

This Multifamily property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Multifamily For Sale, Ypsilanti, MI or Michigan

Washington Place

210 North Washington, Ypsilanti, MI 48197

N/A

16 Units | Multifamily

  • Print

Exterior

Multifamily Property - Off Market

Price:
N/A
No. Units:
16
Building Size:
11,059 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
6%
Cap Rate:
12.20%
Gross Rent Multiplier:
4.80
Lot Size:
0.45 AC
APN / Parcel ID:
11 11-441-334-00
Listing ID
18626248
Last Updated
4 days ago

Description

Washington Place is a historic 16 unit apartment building near downtown Ypsilanti and Eastern Michigan University. There are also 2 historic barns on the property that rent for $250/mo. Coin laundry in basement. Rent Roll exceeds $11,000 per month. Extensive renovations include new hot water boiler, refinished hardwood flooring, and the remodeling of ever unit since 2011. Property is also known as 206 N. Washington. Property includes 2 parking areas in which there are 16 spots. Floor plans of each apartment area available upon request.

Washington Place is located near downtown Ypsilanti, Depot Town in Ypsilanti, and Eastern Michigan University. Prime student housing and young professional area.

Map of 210 North Washington, Ypsilanti, MI 48197 (Washtenaw County)

Research for 210 North Washington, Ypsilanti, MI 48197 (Washtenaw County)

  • Demographics – Population, income & other demographics near 210 North Washington
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building