Multiple offers. Highest and best due Sunday June 9 at 6:00pm. Scarce four-unit apartment building in a quiet residential neighborhood only 1 block from EMU campus. Quality-built brick income property, designed as an apartment building and not a residential conversion. Two 1-bed and two 3-bed units, always fully leased. Specious units with over 4600 sq-ft total. Numerous upgrades among the units including granite counters, carpeting plus newer roof and parking lot. Great location...short walk to EMU or Depot Town, across from Huron River and Frog Island. Private off-street parking. In-house laundry, separate front and rear entrances. 100% leased, and tenants require lead time for viewing requests. Please contact listing agent to schedule showings.
Sold
$550,013
507 N Washington St, Ypsilanti, MI 48197
8beds
6baths
4,740sqft
2 to 4 Units
Built in 1965
-- sqft lot
$627,000 Zestimate®
$116/sqft
$1,149 Estimated rent
Home value
$627,000
$583,000 - $677,000
$1,149/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Barry Kenyon 734-635-2000,
Real Estate One Inc
Bought with:
Camille Prochazka
Source: MichRIC,MLS#: 24026621
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
Heating
- Baseboard
Cooling
- Wall Unit(s)
Appliances
- Laundry: Common Area, Laundry Closet, Lower Level
Features
- Basement: Slab
Interior area
- Total interior livable area: 4,740 sqft
Property
Parking
- Total spaces: 6
- Parking features: Asphalt, Driveway
Lot
- Size: 7,840 Square Feet
- Dimensions: 49.5 x 118.5
- Features: Level, Sidewalk, Wooded
Details
- Parcel number: 111140107011
- Zoning description: CM-Mid
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Brick
- Roof: Composition
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer, Storm Sewer
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Community & HOA
Community
- Subdivision: Norris and Cross Addition
Location
- Region: Ypsilanti
Financial & listing details
- Price per square foot: $116/sqft
- Tax assessed value: $118,280
- Annual tax amount: $9,228
- Date on market: 5/28/2024
- Listing terms: Cash,Conventional,Tax Def Exchange
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/3/2024 | Sold | $550,013+11.1%$116/sqft |
Source:  MichRIC #24026621 Report a problem | ||
| 6/10/2024 | Pending sale | $495,000$104/sqft |
Source: MichRIC #24026621 Report a problem | ||
| 5/28/2024 | Listed for sale | $495,000$104/sqft |
Source: MichRIC #24026621 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Riverside
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Nearby schools
GreatSchools rating
- NAPerry Early Learning CenterGrades: PK-1Distance: 1.1 mi
- 3/10Estabrook SchoolGrades: PK,1-8Distance: 1.3 mi
- 2/10AC Tech High SchoolGrades: 9-12Distance: 1.6 mi
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Estimated market value
$627,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$627,000
- Michigan
- Washtenaw County
- Ypsilanti
- 48197
- Riverside
- 507 N Washington St
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