1575 Ridge Road Ypsilanti, MI $ 449,900
1575 Ridge Road
$ 449,900
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1575 Ridge Road

Ypsilanti, MI, 48198
$ 449,900
Baths0.0

Monthly Estimate*

$ 3,143

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Studio

Multi-Family Home for sale in Ypsilanti, MI

for $449,900. This home was built in 1910 on a lot size of 1.2.

Turn-key investment property with four units just minutes from Depot Town, EMU, and area hospitals! Situated on over an acre of land, this property consists of a triplex (1575 Ridge), a detached ranch home (1583 Ridge), and a detached 3-car garage with additional parking. All four units are fully rented (see attachments for dates and rates) with total monthly rental income of $5,000, but you could also choose to live in one unit yourself and rent out the other three! Each unit offers private entry, a private porch, a full bathroom, a full kitchen, and its own utility meters. The triplex has two 1-bedroom units and a 2-bedroom unit, while 1583 Ridge has two bedrooms. Recent updates include both roofs, furnaces and water heaters in 1575, and a new boiler in 1583. Incredible opportunity to start or grow your investment portfolio, or have your mortgage paid for while you live rent-free! 72-hour notice required for all showings, no exceptions.

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Multi-Family Contingent

Price

$ 449,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 9,156

Style

2 to 4 Units

Lot Size

1.2

Year Built

1910

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

24014585

Features
General
Sewer Septic System
Heating Forced Air Baseboard Electric Natural Gas
Cooling Window Unit(s)
Utilities None Available Natural Gas Connected Electric Connected
Possession See Remarks
Construction Materials Vinyl Siding
Year Built 1910
Tenant Pays Electric Trash Collection Gas
Property SubType 2 to 4 Units
Tax Year 2023
County Washtenaw
New Construction N
Property Type Multi-Family
Attached Garage N
Status Active Backup
Directions E. Michigan Avenue or Geddes Road to West Side of Ridge Road Just North of Mott Road
City Ypsilanti
High School District Willow Run
Zoning Description A-2
Total Units 4
MLS Area Ann Arbor/Washtenaw - A
Lot Size Square Feet 52272.0
Waterfront Y/N N
Street Name Ridge
Land Lease Y/N N
Tax Annual Amount 9156.17
Lease Renewal Y/N N
MLS Area Minor Ann Arbor/Washtenaw - A
Additional Parcels Y/N N
Rent Control Y/N N
Days on Market 26
Standard Status Active Under Contract
Occupancy Description Tenant
Tax Assessed Value 140000
Legal Description *OLD SID - J 10-036-017-00 SU 36-9B-1A COM AT S 1/4 POST OF SEC THN 2 DEG 20' 25'' W 360.04 FT IN N & S 1/4 LINE FOR A PL OF BEG TH S 87 DEG 33'57'' W323.00 FT TH N 2 DEG 14'35'' W 162.0 FT TH N 87 D
Senior Community None
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Interior
Basement Crawl Space Michigan Basement
Total Fireplaces 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Road
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Driveway Gravel
Total Parking 8.0
Lot Size Area 1.2
Number of Buildings 2
Spa N
Lot Dimensions Irregular
Lot Size Acres 1.2
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1575
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* Excluded Features
List By
Coldwell Banker Realty Ann Arbor

Broker

alex@alexmi.com

Email

Affordability Calculator

$3,906
Per Month
80%
20%
0%
Monthly Principal & Interest
$3,143
Monthly Property Taxes
$763
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4452242 Elementary School
4452240 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/27/2024$449,900 Listed Price

Map


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1575 Ridge Road, Ypsilanti, MI, 48198 is a Multi-Family Home for sale at $449,900 with a lot size of 1.2. 1575 Ridge Road is a studio with 0.0 baths and was built in 1910. The property's zip code is 48198 which is in Ypsilanti, MI