Ypsilanti, MI 48197,408 N Hamilton Street
Ypsilanti, MI 48197,408 N Hamilton Street
Ypsilanti, MI 48197,408 N Hamilton Street
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$359,900
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3 Beds
3 Baths
2,250 SqFt
New

408 N Hamilton Street Ypsilanti, MI 48197

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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


Realcomp MLS
Listed by Eric Miller of RE/MAX Complete

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David Elwood

David Elwood

Broker Associate | License ID: 6506045662

+1(248) 568-5958

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408 N Hamilton Street