1575 Ridge Road, Ypsilanti, MI 48198 (MLS # 24014585)

PRICE	$449,900
BEDS	0
BATHS	0
HOME SIZE	n/a
LOT SIZE	1.20 ac

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.

DAYS ON MARKET	31	LAST UPDATED	4/10/2024
YEAR BUILT	1910	COMMUNITY	Ann Arbor/Washtenaw - A
COUNTY	Washtenaw	STATUS	Conditional
PROPERTY TYPE(S)	Multi Family

ADDITIONAL DETAILS
AIR	Window Unit(s)
AIR CONDITIONING	Yes
AREA	Ann Arbor/Washtenaw - A
BASEMENT	Crawl Space
BUYER'S BROKERAGE COMPENSATION	2.50
CONSTRUCTION	Vinyl Siding
FIREPLACE	Yes
HEAT	Baseboard, Electric, Forced Air, Natural Gas
LOT	1.2 acre(s)
LOT DIMENSIONS	Irregular
PARKING	Driveway, Gravel
SEWER	Septic Tank
TAXES	9156.17
UTILITIES	Natural Gas Available, Natural Gas Connected
ZONING	A-2

MORTGAGE CALCULATOR

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*Estimate only

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Listing provided by Coldwell Banker Realty Ann Arbor, Aleksandr Milshteyn

Updated 4/27/24 2:09 AM PDT

Information Deemed Reliable But Not Guaranteed.

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