Steven MalloyBig Rapids Realty, REALTOR®

231-218-4605

217 N Normal Street, Ypsilanti, MI 48197

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$399,900
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  • Bedrooms 8
  • Bathrooms 4
  • SQ. FT. 2862
  • Schools Ypsilanti
  • County Washtenaw
  • Township Ypsilanti City
  • Above Grade Sq. Ft. 2862
  • Below Grade Sq. Ft. 414
  • Bedrooms 8
  • Bathrooms 4 (F)
  • Basement Full, Walk-Out Access
  • Garage  
  • Acreage 0.24
  • Heat Type Hot Water, Steam
  • Central Air Window Unit(s)
  • Year Built 1909
  • Style  
  • Exterior  
  • Taxes 12041.51
  • SEV 186400
  • Zoning CN
  • Parcel 11-11-40-164-035
  • Lot Size 66.00 x 156

Features

Exceptional investment opportunity just steps from Eastern Michigan University! This long-time student rental offers incredible flexibility for investors and owner-occupants alike. Live in one unit and rent the others, continue leasing the units separately, or lease the entire property to a single group. Currently configured as three separate rental units generating a total of $4,700 per month in rental income, with one lease for two units in place through 7/31/2026 and the remaining tenant on a month-to-month agreement. The property features 7/8 bedrooms, four full bathrooms, and four kitchens - one on each level - providing numerous options for future use. Shared laundry is located in the basement, and tenants pay all utilities, with separate electrical meters and shared gas and water service. Ample off-street parking and abundant storage add to the property's appeal. Whether you're looking to expand your portfolio, generate immediate cash flow, or build long-term equity in a prime rental location, this property presents a rare opportunity you don't want to miss! Showings begin 6/17. A minimum 48-hour notice is required for all showings. Sale is subject to tenants' rights.

Directions West Side of N. Normal Street Just South of Washtenaw Avenue
Listing Courtesy of Aleksandr Milshteyn - Real Estate One Inc

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