Ypsilanti, MI 48197 550 1st Avenue

$236,900

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Presented By: Amer Bishtawi at Trillium Real Estate - (734) 302-3011
  • MLS# 25024213
  • 05/26/2025
  • Get pre-approved
  • Request Tour
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Home Details

Investment opportunity! This top-bottom duplex offers great income potential. Upper unit (2 bed/1 bath) with kitchen, living area, and balcony is leased through 6/31/2025 at $1,200/mo. Lower unit (2 bed/1 bath) is currently vacant features updated flooring and a new furnace (2020) . Detached 2-car garage leased through 6/7/2025 at $260/mo. Fire escape meets city code. Shared laundry in utility room. Large fenced backyard. Convenient location near EMU, I-94, and downtown Ypsilanti. City certified till Dec. 2026. Lots of potential for investors! Do not disturb tenants.
Presented By: Amer Bishtawi at Trillium Real Estate - (734) 302-3011

Interior Features for 550 1st Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
BasementWalk-Out Access
Basement (Y/N)No
Heating Y/NYes
Laundry FeaturesCommon Area
Total Fireplaces1

General for 550 1st Avenue

Additional Parcels Y/NNo
Association AmenitiesLaundry
Association Fee IncludesNone
Attached Garage No
CityYpsilanti
Construction MaterialsBrick, Vinyl Siding
CoolingCentral Air
CountyWashtenaw
DirectionsMichigan Ave to 1st Avenue
Electric On Property Y/NNo
HOANo
HeatingForced Air
High School DistrictYpsilanti
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal Description*OLD SID - 11 11-120-073-00 YP CITY 14W-12 LOT 73 BARTHOLOMEW'S ADDITION.
Listing TermsFHA, Cash, Conventional
Lot Size Square Feet13068.0
Lot Size UnitsAcres
MLS AreaAnn Arbor/Washtenaw - A
MLS Area MinorAnn Arbor/Washtenaw - A
MobileHomeRemainsYNNo
ModificationTimestamp2025-06-05T12:45:46Z
New ConstructionNo
Number Of Units Total2
OwnerPaysNone
OwnershipPrivate Owned
Property Subtype2 to 4 Units
Property TypeMulti Family
Rent Control Y/NNo
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive Under Contract
StatusActive Contingent
Subdivision NameBartholomews Add
Tax Annual Amount6583.0
Tax Assessed Value79100
Tax Year2024
Tenant PaysElectric, Water, Sewer, Gas
TownshipYpsilanti City
UtilitiesElectricity Connected
Year Built1959

Exterior for 550 1st Avenue

Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions66' x 198'
Lot Size Acres0.3
Lot Size Area0.3
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesConcrete, Driveway
SpaNo
Total Parking4.0
Waterfront Y/NNo

Additional Details

Price History

Jacob Schmiedel

Broker
Price $236,900
MLS#25024213
List Date 05/26/2025
Property Type Contingent
Phone (219) 293-3192
Get pre-approved
Request Tour
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