Ypsilanti, MI 48197 514 Washtenaw Avenue
$295,000
8 more
Presented By: Deuntay Fields at Beal Properties LLC - (734) 662-6133
Home Details
This charming property features two income-producing units: one vacant and one occupied. The occupied unit is a spacious 5-bedroom home rented to a long-term tenant receiving government assistance and paying $2,744/month. The vacant unit is a cozy 1-bedroom previously rented for $900/month, offering great potential for an owner-occupant or new tenant. A brand-new boiler has just been installed, providing reliable and efficient heating. With over $3,600/month in total potential rent, this property is perfect for investors seeking both stability and upside. Just minutes from EMU, Downtown Ypsi, and Depot Town — a rare opportunity to own a character-rich, high-yield property in a growing market!
Presented By: Deuntay Fields at Beal Properties LLC - (734) 662-6133
Interior Features for 514 Washtenaw Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
BasementMichigan Basement
Basement (Y/N)Yes
Heating Y/NYes
Laundry FeaturesIn Basement
General for 514 Washtenaw Avenue
Additional Parcels Y/NNo
Attached Garage No
CityYpsilanti
Construction MaterialsVinyl Siding
CoolingWindow Unit(s)
CountyWashtenaw
DirectionsFrom I-94, take exit 183 for Huron St toward Ypsilanti. Head north on Huron St, then turn right onto Washtenaw Ave. Property will be on your left just past Hamilton St.
HeatingSteam
High School DistrictYpsilanti
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal DescriptionBuyer and buyer's agent to verify all information including unit sizes, zoning, and legal use. Monthly rents: Unit 1 - Vacant (1BR), Unit 2 - $2, 744/month (5BR, tenant on government assistance). Tenants
Listing TermsVA Loan, MSHDA, FHA, Cash, Conventional
Lot Size Square Feet8276.0
Lot Size UnitsAcres
MLS AreaAnn Arbor/Washtenaw - A
MLS Area MinorAnn Arbor/Washtenaw - A
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total2
OwnerPaysTrash Collection, Water
Property Subtype2 to 4 Units
Property TypeMulti Family
Rent Control Y/NNo
Senior CommunityNone
Standard StatusActive
StatusActive
Tax Annual Amount7962.0
Tax Assessed Value95674
Tax Year2024
Tenant PaysElectric, Gas
TownshipYpsilanti City
UtilitiesNatural Gas Available, Natural Gas Connected
Waterfront FeaturesOther
Year Built1870
Exterior for 514 Washtenaw Avenue
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions51x164
Lot Size Acres0.19
Lot Size Area0.19
Number of Buildings1
Parking FeaturesConcrete, Driveway
SpaNo
Total Parking6.0
Waterfront Y/NNo
Additional Details
Price History
Cristina Derucki
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License #543277