Ursula Froes - Arterra Realty Logo
$395,000
 $2,120 est/mo Sourced by Back At You

126 College Place,Ypsilanti, MI 48197

Ypsilanti, MI 48197

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Description

PUBLIC REMARKS Excellent opportunity to acquire a fully occupied four-unit investment property in the highly desirable Eastern Michigan University area. Located just blocks from campus and close to downtown Ypsilanti and Depot Town, this property benefits from strong rental demand and a proven rental history. The building consists of four residential units and is currently tenant occupied (long term tenants), providing immediate income for a new owner. Convenient access to EMU, Depot Town, downtown Ypsilanti, parks, shopping, dining, and major commuter routes makes this a desirable location for tenants. This property offers investors the opportunity to acquire a stabilized asset in one of Ypsilanti's strongest rental submarkets. Financial information, rent roll, leases, and additional property details available upon request.

Details

MLS #60999305
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1890
Days On Site125
Listing Provided ByProspect Realty Group | Colleen Kennedy

Features

Bath(s) 8 Total
SQ Feet4,365
BasementY
Units4
Acreage0.14

Interior

Heating Yes / NoYes
HeatingForced Air

Exterior

Construction MaterialsBrick
Foundation DetailsBasement

Other

List AorReal Comp

Taxes

Property17235

Area Information

StateMI
CountyWashtenaw
CityYpsilanti
Zip Code48197
AreaYpsilanti (81033)
Community NameCollege Place Add
Listing VS Median (in College Place Add)
Price:
$395,000
low | high
Med:
$395,000
50% of Average
sqft:
4,365
low | high
Med:
4,365
50% of Average
$ / sqft:
$90
low | high
Med:
$90
50% of Average
On site:
125
low | high
Med:
125
100% of Average
Sourced by Back At You

Market Activity 48197

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Additional Information

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Learn More About This Property

Ursula Froes

Ursula Froes

Arterra

 (248) 252-0075ursula@arterraluxe.com
StateMI
CountyWashtenaw
CityYpsilanti
Zip Code48197
AreaYpsilanti (81033)
Community NameCollege Place Add
Listing VS Median (in College Place Add)
Price:
$395,000
low | high
Med:
$395,000
50% of Average
sqft:
4,365
low | high
Med:
4,365
50% of Average
$ / sqft:
$90
low | high
Med:
$90
50% of Average
On site:
125
low | high
Med:
125
100% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 6:16:28 AM PDT