For Sale
427 Ballard Street, Ypsilanti, MI 48197
$430,000
MLS # 20261015106 (Realcomp)
Built 18940.26 acres
1 / 20
Listing Description
Exceptional investment opportunity at 427 Ballard in Ypsilanti. This licensed 14-room boarding house offers strong income potential in a high-demand rental area near Eastern Michigan University, Depot Town, downtown Ypsilanti, and major commuter routes.The property features fourteen individual rentable rooms, a shared kitchen, and shared bathrooms conveniently located on each level. The layout is functional and well-suited for room-by-room leasing, providing consistent occupancy opportunities. Common areas are designed for practical daily use, and the structure offers solid fundamentals for continued rental operation.Situated in an established neighborhood with close proximity to public transportation, campus amenities, dining, and shopping, this property appeals to students, workforce tenants, and long-term room renters alike.Whether you are looking to expand your rental portfolio or acquire a turnkey income-producing property in the Ypsilanti market, 427 Ballard presents a compelling opportunity.Serious investors with proof of funds/ commercial pre-approval - inquire for financials and current occupancy details.
Source: SparkMLS
About this home
Located in Midtown in Ypsilanti, this property offers 3-bath, with original construction dating to 1894.
Asking $430,000.
Annual property taxes run approximately $8,687 ($724/month). 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
Bathrooms3
Lot Size0.26 acres
Year Built1894
Location
CityYpsilanti
MunicipalityYpsilanti City
Zip Code48197
CountyWashtenaw
School DistrictYpsilanti
Construction & Systems
ConstructionAluminum Siding, Vinyl Siding
HeatingBaseboard, Forced Air
WaterPublic
Sale & Financing
Listed3/8/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$8,687
Parcel #111140113019
Source: SparkMLS
Legal Description
*OLD SID - 11 11-424-029-00 YP CITY 43W-28 LOT 29 AND N 10 FT OF LOT 30NORMAL SCHOOL ADDITION. 427 BALLARD
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Marygrace Liparoto
RE/MAX Home Sale Services
Frequently Asked Questions about 427 Ballard Street, Ypsilanti, MI 48197
What school district is 427 Ballard Street, Ypsilanti, MI 48197 in?
Per MLS# 20261015106, this property is served by 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# 20261015106, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261015106, the most recent reported annual property tax for 427 Ballard Street, Ypsilanti, MI 48197 is $8,687. 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 427 Ballard Street, Ypsilanti, MI 48197 eligible for USDA financing?
Per USDA Rural Development boundary data, 427 Ballard 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 427 Ballard Street, Ypsilanti, MI 48197 is in flood zone X (minimal risk). 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. 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$2,789
Principal & interest$2,789
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
427 Ballard 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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