MI > Washtenaw > Ypsilanti > 120 S Prospect St
  • 11 Units
  • 9,120 SqFt
  • MLS# 2210030622
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248-304-6700

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11 unit apartment building fully leased with huge potential. 1BR rents average $829/mo in the area make for easy rental increases. Property highly cared for. Tenant amenities include a short walk to Depot Town and all of its bars and restaurants. Huron River and many beautiful parks also just a short walk away. Eastern Michigan University less than 2 miles away with lots of public transportation options. University of Michigan Ann Arbor 8.5 miles away make this a possible student housing conversion. Quiet wooded area out back. An undeveloped 35 ft x 237 ft adjacent lot included that could be used for additional parking, an outbuilding, etc. Property expenses are estimated. LL pays water, natural gas for boiler and hot water heater. Updated mechanical systems. Large medical facilities directly across the street, potential to cater to medical employee tenants. Buyers agent commission 2.25%

Property Information

Status
Active 
Address
120 S Prospect St 
City
Ypsilanti 
Zip
48198 
Year Built
1966 
Style
Common Entry Building 
Possession
At Close 
Architecture
2 Story 
Listing Date
04/30/2021 
Subdivision
Hunters Add 
County
Washtenaw 
Above Grade SqFt
9,120 
Total No of Units
11 

School Information

School District
Ypsilanti 

Taxes

Summer Taxes
$12,275 
Winter Taxes
$488 

Rooms and Land

Lot Dimensions
135x237.75x35X115 
Total Acres
0.46 

Features

Style
Common Entry Building 
Basement
Private Storage Locker 
Heating
Natural Gas, Other 

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  • Market Statistics
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  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
2210030622 Active Apr 30 2021 2:43PM $930,000 16
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

MIRC Logo

Listing Courtesy of Griffin Properties & Management Co
Office Address 7000 Roosevelt Ste 204

Real Estate One Family of Companies

120 S Prospect St Ypsilanti
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$930,000
For Sale • No. of Units: 11