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Off market
  • $228,400

    215 N Prospect St, Ypsilanti, MI 48198

    --beds
    0baths
    1,495sqft
    MultiFamily
    Built in 1910
    -- sqft lot
    $228,400 Zestimate®
    $153/sqft
    $1,538 Estimated rent

    Home value

    $228,400

    $196,000 - $260,000

    $1,538/mo

    Zestimate® history
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    Owner options

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    $1,538/mo

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    Rent Zestimate®

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    $1,612/mo

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    What's special

    Handsome rooming house with current C of Occupancy. Successful investor owner is retiring. Aluminum siding offers low exterior maintenance. Ample parking and convenient access to bus lines. Currently fully occupied with deposits. Renters share two full baths and one Kitchen. Good cash flow investment. Updated roof, newer water and sewer line. Rooms are furnished and easily rented. Current owner since 1980. Can offer helpful management tips. This property needs a strong manager but offers a great Cap Rate. Qualified buyers only.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced air
    Features
    • Basement: Partially finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,495 sqft

    Property

    Lot
    • Size: 10,454 Square Feet
    Details
    • Parcel number: 111109112015

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1910

    Community & HOA

    Location
    • Region: Ypsilanti

    Financial & listing details

    • Price per square foot: $153/sqft
    • Tax assessed value: $261,200
    • Annual tax amount: $4,442

    Price history

    DateEventPrice
    11/17/2015Sold$85,900-14%$57/sqft
    Source: Public Record Report a problem
    10/28/2015Pending sale$99,900$67/sqft
    Source: Premier Choice Realty #3235573 Report a problem
    10/14/2015Listed for sale$99,900+42.7%$67/sqft
    Source: Premier Choice Realty #3235573 Report a problem
    9/3/2015Listing removed$70,000$47/sqft
    Source: Eichner Realty, LLC #3232270 Report a problem
    6/18/2015Listed for sale$70,000$47/sqft
    Source: Eichner Realty, LLC #3232270 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,442 $130,600 +6.8%
    2024-- $122,300 +12.8%
    2023-- $108,400 +11%
    2022-- $97,700 +8.3%
    2021-- $90,200 +8.3%
    2020$4,141 $83,300 +21.8%
    2019-- $68,400 +5.4%
    2018-- $64,900 +4.7%
    2017$3,719 $62,000 +8.4%
    2016$3,719 $57,200 +11.7%
    2015-- $51,200 +0.8%
    2014-- $50,800
    2013-- $50,800
    2012-- $50,800 -7.6%
    2011-- $55,000 -1.8%
    2010-- $56,000 -4.8%
    2009-- $58,800 -3.6%
    2008-- $61,000 -9%
    2007-- $67,065 -4.2%
    2005-- $70,000 +9.4%
    2004-- $64,000 +4.6%
    2003-- $61,200 +29.1%
    2002$2,285 +18.4%$47,400 +11%
    2001$1,931 +32.1%$42,700 +15.1%
    2000$1,462 +138.4%$37,100 +4.2%
    1999$613 $35,600
    Find assessor info on the county website

    Neighborhood: 48198

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $228,400
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    Estimated market value
    $228,400