1236 Holmes Road new Save Request In-Person Tour Request Virtual Tour
Ypsilanti,MI 48198
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25005632
Year Built 1968
Annual Tax Amount $12,131
Tax Year 2025
Lot Size 0.580 Acres
Property Sub-Type 5+ Units
Property Description
Fantastic opportunity to expand your investment portfolio with this fully rented 7-unit apartment building with great proximity to Depot Town and EMU! This well-maintained building is set back from the road with plenty of parking for tenants and guests. Each unit has 2 bedrooms and 1 full bathroom furnished with refrigerator, range/oven, and wall air conditioner. Landlord pays for dumpster and water (single meter - most tenants charged an additional water fee) while the rest of the utilities are paid by the tenants. Shared coin-operated laundry machines are leased and provide additional income. Gross rents are currently $86,736/year with room to increase - see attachments for rent roll, proforma P&L, and additional information. Since all units are occupied, showings/inspections will only be allowed after an offer is accepted with listing agent present. be allowed after an offer is accepted with listing agent present.
Location
State MI
County Washtenaw
Area Ann Arbor/Washtenaw - A
Interior
Heating Forced Air
Cooling Wall Unit(s)
Fireplaces Number 1
Laundry Common Area
Exterior
Parking Features Paved
Utilities Available Phone Connected,Natural Gas Connected,Electricity Connected,Storm Sewer
View Y/N No
Building
Lot Description Sidewalk
Sewer Public Sewer
Structure Type Brick
New Construction No
Schools
School District Ypsilanti
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional