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- LoopNet Team
32-42 N Huron St
Ypsilanti, MI 48197
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
ABOUT 32-42 N HURON ST , YPSILANTI, MI 48197
Commercial/Office + Residential Downtown Ypsilanti 10,276 sf two story building located in the heart of Downtown Ypsilanti. Four commercial/office suites on the first floor. Six residential suites on the second floor. Other Features: - 3 of 4 Commercial units and 5 of 6 apartments have wood flooring. - Laundry room on second floor is income producing. - Privately owned parking lot at the rear of the building. 2016 PROJECTED INCOME: 6 apartments (all occupied) - $3,560/month 42 N. Huron suite - $875/month 40 N. Huron suite - $850/month 36 N. Huron suite - $1200/month 32 N. Huron suite - $1360/month (5 year average) 2016 ESTIMATED EXPENSES: Property taxes - $14,538 (post sale according to City of Ypsilanti) Utilities - $3,366 Maint/trash - $4,468 Insurance - $2,220 RECENT UPGRADES: 32 N. Huron - flat roof, 2014 ($2750) Apt 1&2 - shingles, 2012 ($6450) Roof #3 well maintained. 32 N. Huron - HVAC, 2014 ($8040) 36 N. Huron - HVAC, 2011 ($7400) 40 N. Huron - HVAC, 2015 ($6800) Apt 3 - HVAC, 2011 ($6000) Apt 6 - HVAC, 2016 ($5400) 6 other HVAC units well maintained. All six apartments have new water heaters. First block of Huron north of W. Michigan Avenue.
PROPERTY TAXES
| Parcel Number | 11-40-401-013 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $375,700 |
PROPERTY TAXES
