217, Normal, Ypsilanti, MI, 48197
Basics
- Date added: Added 3 hours ago
- Category: Residential
- Type: Single Family Residence
- Status: Active
- Bedrooms: 8
- Bathrooms: 4
- Area: 2862 sq ft
- Lot size: 0.24 sq ft
- Year built: 1909
- Bathrooms Full: 4
- Lot Size Acres: 0.24 acres
- Rooms Total: 15
- County: Washtenaw
- Bathrooms Half: 0
- MLS ID: 26028463
Description
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Description:
Exceptional investment opportunity just steps from Eastern Michigan University! This long-time student rental offers incredible flexibility for investors and owner-occupants alike. Live in one unit and rent the others, continue leasing the units separately, or lease the entire property to a single group. Currently configured as three separate rental units generating a total of $4,400 per month in rental income, with one lease for two units in place through 7/31/2026 and the remaining tenant on a month-to-month agreement. The property features 7/8 bedrooms, four full bathrooms, and four kitchens - one on each level - providing numerous options for future use. Shared laundry is located in the basement, and tenants pay all utilities, with separate electrical meters and shared gas and water service. Ample off-street parking and abundant storage add to the property's appeal. Whether you're looking to expand your portfolio, generate immediate cash flow, or build long-term equity in a prime rental location, this property presents a rare opportunity you don't want to miss! Showings begin 6/17. A minimum 48-hour notice is required for all showings. Sale is subject to tenants' rights.
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Location
- Directions: West Side of N. Normal Street Just South of Washtenaw Avenue
Building Details
- Building Area Total: 2862 sq ft
- Construction Materials: Stucco
- Architectural Style: Colonial, Victorian
- Sewer: Public
- Heating: Hot Water, Steam
- Stories: 3
- Basement: Full, Walk-Out Access
Amenities & Features
- Laundry Features: Common Area, In Basement
- Flooring: Tile, Wood
- Utilities: Natural Gas Connected, Cable Connected, Storm Sewer
- Parking Features: Garage Faces Front, Detached
- Fireplace Features: Bedroom, Living Room
- Garage Spaces: 1
- WaterSource: Public
- Appliances: Dryer, Oven, Range, Refrigerator, Washer
- Lot Features: Sidewalk
- Window Features: Window Treatments
- Patio And Porch Features: Porch(es)
- Fireplaces Total: 2
- Cooling: Window Unit(s)
Fees & Taxes
- Tax Assessed Value: $148,442
- Tax Year: 2026
- Tax Annual Amount: $12,041.51
School Information
- High School District: Ypsilanti
Miscellaneous
- Road Surface Type: Paved
- CrossStreet: N. Normal and Washtenaw
- Listing Terms: Cash, FHA, VA Loan, Conventional