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Porfolio for Sale 2 Retail Properties Offered at $730,000 in Ypsilanti, MI
INVESTMENT HIGHLIGHTS
- Location near University
- High Occupancy Rent
EXECUTIVE SUMMARY
This mixed-use building near Eastern Michigan University (EMU) offers a compelling investment opportunity. The upstairs features 2,200 sq ft of residential space, comprised of two 1-bedroom apartments and one 3-bedroom apartment, ideal for student or local rentals. The ground floor boasts 2,700 sq ft of versatile commercial space across two attached buildings, perfect for retail, office, or restaurant use, benefiting from high visibility and foot traffic generated by the university and surrounding community. This property presents a strong value proposition with diversified income streams from both residential and commercial tenants.
PROPERTY FACTS
| Price | $730,000 | Status | Active |
| Price / SF | $145.51 / SF | Number of Properties | 2 |
| Sale Condition | High Vacancy Property | Individually For Sale | 0 |
| Cap Rate | 12% | Total Building Size | 5,017 SF |
| Sale Type | Investment | Total Land Area | 0.18 AC |
| Price | $730,000 |
| Price / SF | $145.51 / SF |
| Sale Condition | High Vacancy Property |
| Cap Rate | 12% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,017 SF |
| Total Land Area | 0.18 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 517 W Cross St, Ypsilanti, MI 48197 | Retail | 3,680 SF | 1932 | - |
| 515 W Cross St, Ypsilanti, MI 48197 | Retail | 1,337 SF | 1956 | - |
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Presented by
YC Asset Management and Dev. Inc
Porfolio for Sale
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