408 N Hamilton Street new Save Request In-Person Tour Request Virtual Tour
Ypsilanti,MI 48197
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,250 sqft
Price per Sqft $159
Subdivision Norris & Cross Add
MLS Listing ID 20251041154
Style Triplex
Bedrooms 3
Full Baths 3
Year Built 1929
Annual Tax Amount $11,352
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 36x165
Property Sub-Type Triplex
Source Realcomp II Ltd
Property Description
Fantastic investment opportunity! This fully occupied triplex generates $39,000 in annual gross rental income with three long-term tenants in place. Tenants pay all utilities except water.
The main floor unit offers 3 bedrooms, 1 full bath, a spacious kitchen, hardwood floors, and a bright sunroom, heated with a forced-air furnace. The upper unit features 2 bedrooms, 1 bath, and a large living room, heated by a boiler system. The basement unit includes 1 bedroom, 1 full bath, and a full kitchen, with heat provided by a wall unit.
Each unit has separate electrical meters and individual hot water tanks. Additional features include a detached garage for storage, a shared basement laundry room, and a shared driveway with ample parking for all three units.
Located within walking distance to Eastern Michigan University, this property combines stable income, strong rental demand, and a highly desirable location.
Location
State MI
County Washtenaw
Area Ypsilanti
Zoning Multi-Family,Residential
Direction Located on Hamilton between Cross and Florence
Rooms
Basement Daylight,Finished,Walk-Out Access
Interior
Interior Features Laundry Facility,Egress Window(s),High Spd Internet Avail
Hot Water Natural Gas
Heating Baseboard,Forced Air,Wall Furnace
Cooling Ceiling Fan(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Exterior Feature Lighting
Garage Spaces 5.0
Roof Type Asphalt
Porch Covered
Road Frontage Paved,Pub. Sidewalk
Garage yes
Private Pool No
Building
Foundation Basement
Sewer Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Triplex
Level or Stories 2 Story
Structure Type Stucco,Wood
Schools
School District Ypsilanti
Others
Pets Allowed Yes
Tax ID 111140109012
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional