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1480 Parkwood Ave
Ypsilanti, MI 48198
Multifamily Property For Sale
·
11 Units
Investment Highlights
- 11 Units
- Recently Renovated
- Fully Occupied
Executive Summary
Turn-key property! Value-add opportunity by adding additional 3rd bedroom to 10 of the units… with $48,000/ yr additional income possible.
Completely remodeled 10- 2 bedroom/ 1-Studio apartment complex with new; roof, parking lot, landscaping, boiler, flooring, and
fresh exterior and interior paint. All units are occupied and include private washer and dryer, new kitchen with granite and stainless
steel appliances, and marble baths. 11th unit is a studio apartment. (Landlord pays gas and water, tenants pay electric)
All units are tenant occupied, please contact agent for more information.
Contact Co-listing agent for all further inquiries-Ahmed Farha-(734)377-8094
Completely remodeled 10- 2 bedroom/ 1-Studio apartment complex with new; roof, parking lot, landscaping, boiler, flooring, and
fresh exterior and interior paint. All units are occupied and include private washer and dryer, new kitchen with granite and stainless
steel appliances, and marble baths. 11th unit is a studio apartment. (Landlord pays gas and water, tenants pay electric)
All units are tenant occupied, please contact agent for more information.
Contact Co-listing agent for all further inquiries-Ahmed Farha-(734)377-8094
Property Facts
| Price Per Unit | $126,818 | Lot Size | 0.66 AC |
| Sale Type | Investment | Building Size | 12,562 SF |
| No. Units | 11 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1974/2022 |
| Apartment Style | Low-Rise | Parking Ratio | 1.59/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | BA | ||
| Price Per Unit | $126,818 |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 12,562 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2022 |
| Parking Ratio | 1.59/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | BA |
Amenities
Unit Amenities
- Washer/Dryer
- Granite Countertops
- Stainless Steel Appliances
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 1,256 |
Property Taxes
| Parcel Number | 11-11-335-025 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $316,800 |
Property Taxes
Parcel Number
11-11-335-025
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$316,800
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