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$419,900   Price Analysis
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602 W Michigan Ave
Ypsilanti, MI 48197
8 bed 4 bath 3,160 SqFt ($132/SqFt)
0.3 acre lot. Built 1903
Listed 2024-06-13, Taxes $6,321
Ⓧ USDA Ineligible
due to location

near Ypsilanti

Great investment pr operty!

Cash flowing with trmendous tenants. Located in the heart of Ypsilanti blocks away from EMU! Both Units are 100% Leased, Needless to say there is no shortage of tenants here!

You won't have any issue keeping these properties occupied and cash-flowing! Need 3 Days notice to show 4 Bedrooms per units with a possible 5th in the upper unit! Don't miss out on this one!


Presented by George Jarrous at
CENTURY 21 Curran & Oberski.
Listing Agent Photo

Property MLS #20240041683 from Realcomp

Bedrooms: 8

Total Bathrooms: 4 / 0
Full Bathrooms: 4

Smoke Alarm
Carbon Monoxide Alarm(s)
Laundry Facility

Cooling Features: Cooling: Ceiling Fan(s)
Heating Features: Hot Water
Heating Fuel: Natural Gas
Water Heaters: Natural Gas

Basement Description: Unfinished

Frontage Length: 83
Road Frontage Type: Paved, Pub. Sidewalk
Porch Description: Deck, Porch - Enclosed, Porch

Lot Size Acres: 0.3
Lot Size Dimensions: 83 x 160
Lot Size Square Feet: 13068

Garage Description: Lighted, On Street

Gross Scheduled Income: 55682.00
Rent Includes: Snow Removal, Trash Collection (Garbage Pickup), Yard Maintenance

Number of Units: 2
Number of 4 Bedroom Units: 2

School District: Ypsilanti

Washtenaw Alliance for Virtual Education is a public high school located approximately 0.2 miles away.
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Perry Early Learning Center is a public elementary school located approximately 0.5 miles away.
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Washtenaw International Middle Academy (WIMA) is a public middle school located approximately 0.9 miles away.
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Calvary Christian Academy is a private elementary, middle and high school located approximately 1.5 miles away.
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Pets Allowed: Call

ActivationDate : 2024-06-13
Annual Tax Amount: 6581
Source Listing Status: Active
County: Washtenaw
Directions: G P S
Source Property Type: Multifamily
Area: Ypsilanti
Source Neighborhood: ASSR'S PLAT NO 10 - YPSILANTI
Ownership Type: Short Sale - No, Private Owned
Parcel Number: 111140463035
Postal Code Plus 4: 5381
Subdivision: ASSR'S PLAT NO 10 - YPSILANTI
Zoning: Residential
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$unknown + $unknown
$191,800
$6,321
2022$unknown + $unknown
$175,800
$6,269
2021$unknown + $unknown
$170,100
$6,414
2020$unknown + $unknown
$148,300
$6,558
2019$unknown + $unknown
$138,000
$6,330
2016$unknown + $unknown
$107,300
$5,889
2015$unknown + $unknown
$92,000
$5,769
2014$unknown + $unknown
$74,700
$5,727
2013$unknown + $unknown
$72,400
$5,606
2012$unknown + $unknown
$68,500
$5,343
2011$unknown + $unknown
$76,500
$5,107
2009$unknown + $unknown
$82,800
$5,581
2008$unknown + $unknown
$87,500
$5,300
2007$unknown + $unknown
$84,000
$5,112

Price Changed 2024-06-16
$419,900
Realcomp
Listing removed 2024-06-14
$0
Realcomp
Listed 2024-06-13
$420,000
Realcomp
Relisted 2023-10-12
$420,000
Realcomp
Listing removed 2023-10-11
$0
Realcomp
Listed 2023-09-28
$420,000
Realcomp

Net Operating Income: 48426.00
Operating Expense: 7256.00

Total Square Feet Living: 3160
Year Built: 1903
Construction Materials: Vinyl
Foundation Details: Basement
Property Age: 121
Roof: Asphalt
House Style: Colonial, Duplex
Total Below Grade Area: 1374
Year Remodeled: 2022

Sewer: Public Sewer (Sewer-Sanitary)
Water Source: Public (Municipal)
Click Thumbnail Images To View Full Size
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.