111 N Normal St - Apartments FOR SALE


Ypsilanti, MI 48197- Midtown Ypsilanti
$750,000 USD
248-476-3700
111 N Normal St, Ypsilanti, MI for Sale
$750,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

111 N Normal St
Ypsilanti, MI 48197
Midtown Ypsilanti


HIGHLIGHTS

  • 6 Unit Apartment Complex - 100% Occupied, Annual Leases
  • Located in Ypsilanti's Historic Midtown District
  • "The Property was Constructed in 1844 and has been adequately maintained over the years" May, 2024 Appraisal Completed by Top USA Nation Wide Appraise
  • Exterior Refresh Completed 2024. Additional "Aesthetic" CapEx Improvements Ongoing. Structure Shows in Great Shape due to Proper Ownership Maintenance
  • Current Tenant Mix: 100% Traditional Renters (non-student).
  • Being centrally located between Michigan Ave and Washtenaw Ave offers not only a residential buffer but also an excellent logistical advantage.This lo

OVERVIEW

6-unit [(3) 2-bdrm + (3) 1-bdrm] apartment complex located along the west side of N. Normal Street, one block south of Washtenaw Avenue and Eastern Michigan University. It is a 6-unit, three-story, multi-family walk-up property situated on a 0.33-acre site. The improvements were constructed in 1844 and have been adequately maintained over the years. The property is currently 100% leased.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

6

PRICE/UNIT

$125,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1844

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

CN

APN/PARCEL ID

11-40-164-026

ASK ABOUT THIS PROPERTY

Joseph EvangelistaThomas Duke CompanyMore Info
248-476-3700

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Joseph EvangelistaThomas Duke CompanyMore Info
248-476-3700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.