For Sale
126 College Place, Ypsilanti, MI 48197
$449,900
MLS # 20261041496 (Realcomp)
Built 18900.14 acres
1 / 3
Listing Description
PUBLIC REMARKSExcellent opportunity to acquire a fully occupied four-unit investment property in the highly desirable Eastern Michigan University area. Located just blocks from campus and close to downtown Ypsilanti and Depot Town, this property benefits from strong rental demand and a proven rental history.The building consists of four residential units and is currently tenant occupied, providing immediate income for a new owner. Convenient access to EMU, Depot Town, downtown Ypsilanti, parks, shopping, dining, and major commuter routes makes this a desirable location for tenants.This property offers investors the opportunity to acquire a stabilized asset in one of Ypsilanti's strongest rental submarkets. Financial information, rent roll, leases, and additional property details available upon request.
Source: SparkMLS
About this home
Located in Midtown in Ypsilanti, this property offers 8-bath, with original construction dating to 1890.
Asking $449,900.
Estimated annual property tax: $17,235, or about $1,436 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms8
Lot Size0.14 acres
Year Built1890
Location
CityYpsilanti
MunicipalityYpsilanti City
Zip Code48197
CountyWashtenaw
School DistrictYpsilanti
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
Sale & Financing
Listed6/3/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$17,235
Parcel #111140430033
Source: SparkMLS
Legal Description
*OLD SID - 11 11-170-005-00 YP CITY 20W-7 LOT 5 COLLEGE PLACE ADDITION.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Colleen Kennedy
Prospect Realty Group
Frequently Asked Questions about 126 College Place, Ypsilanti, MI 48197
Which school district serves 126 College Place, Ypsilanti, MI 48197?
Per MLS# 20261041496, 126 College Place, Ypsilanti, MI 48197 is in the Ypsilanti boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Ypsilanti directly to confirm enrollment eligibility.
What financing options are available for 126 College Place, Ypsilanti, MI 48197?
Per MLS# 20261041496, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 126 College Place, Ypsilanti, MI 48197?
Per public tax records, annual property taxes for this property are $17,235. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 126 College Place, Ypsilanti, MI 48197 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 126 College Place, Ypsilanti, MI 48197 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 126 College Place, Ypsilanti, MI 48197?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Washtenaw County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Monthly payment$2,918
Principal & interest$2,918
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
126 College Place, Ypsilanti, MI 48197
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Neighborhood
Midtown
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Community
Ypsilanti
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County
Washtenaw County
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