Sold
2 N Normal Street, Ypsilanti, MI 48197
Sold on 04/01/2019 for$85,000
MLS # 23084790 (Michigan Regional Information Center (MichRIC))
8 beds3 baths2,380 sqftBuilt 19000.08 acres
1 / 1
Listing Description
Investor and builders dream. 3 units multifamily building. Prime student rental location. 8 bedrooms total, $450 per bedroom, 3600 monthly cash flow potential. The fire department holds over 12,500 dollars for the builder that would be able to bring it back to habitability. The city has approved enclosure of the balcony to provide more living space. The property is currently stripped to the studs and had suffered some fire damage. Negotiable. The seller is a licensed agent in the state of Michigan.
Source: SparkMLS
About this home
This 8-bedroom, 3-bath, 2,380 sq ft home built in 1900 sits in Midtown in Ypsilanti.
Closed at $85,000 (about $36/sq ft).
Annual property taxes run approximately $4,850 ($404/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms8
Bathrooms3
Living Area2,380 sqft
Lot Size0.08 acres
Year Built1900
Stories3
Location
CityYpsilanti
MunicipalityYpsilanti City
Zip Code48197
CountyWashtenaw
School DistrictSchool District of Ypsilanti
Construction & Systems
ConstructionVinyl Siding
BasementFull, Slab, Walk-Out Access
WaterPublic
SewerPublic
UtilitiesNatural Gas Connected
InteriorEat-in Kitchen
Sale & Financing
Listed3/14/2019
Sold Date3/31/2019
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$4,850
Tax Year2018
Assessed Value$56,144
Parcel #11-11-40-464-024
Source: SparkMLS
Legal Description
*OLD SID - 11 11-175-008-20 YP CITY 21W-10 S 47 FT OF W 4 1/2 RDS OF LOT 8 CROSS & BAGLEY'S ADDITION
Property Records
USDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Niannian Zhang
Key Realty One LLC
Frequently Asked Questions about 2 N Normal Street, Ypsilanti, MI 48197
What school district is 2 N Normal Street, Ypsilanti, MI 48197 in?
Per MLS# 23084790, this property is served by School District of Ypsilanti. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 23084790, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 23084790, the most recent reported annual property tax for 2 N Normal Street, Ypsilanti, MI 48197 is $4,850 (2018). 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.
Is 2 N Normal Street, Ypsilanti, MI 48197 eligible for USDA financing?
Per USDA Rural Development boundary data, 2 N Normal Street, Ypsilanti, MI 48197 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Washtenaw County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Monthly payment$778
Principal & interest$778
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Property
2 N Normal Street, 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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