NEW! Buy and sell safely with virtual options - Learn More
About the Listing 105171 - 628250
Investment Opportunity in the Heart of Ypsilanti – 4-Unit Multifamily Welcome to 115 College Place, a well-maintained and updated 4-unit multifamily residence in one of Ypsilanti's most sought-after investment corridors. Located just minutes from Eastern Michigan University and Downtown Ypsi's growing cultural and dining scene, this property presents an outstanding opportunity for both seasoned investors and those entering the multifamily market. Each of the four units is currently leased, generating immediate rental income with long-term upside. The building features numerous capital improvements including a new boiler system, durable vinyl siding, and Trex composite decking that ensures low maintenance and curb appeal. Many units have been updated with fresh finishes, offering clean and functional living spaces while still leaving room for future value-add potential. Tenants enjoy a common secured front entry, shared on-site laundry, and private parking, a rare commodity in the area. The full basement features glass block windows and is prepped for finishing, ideal for additional storage, a shared lounge space, or future expansion. Above, a spacious walk-up attic offers even more room for future development - whether additional units, creative loft space, or enhanced storage options. A detached garage provides extra storage for maintenance tools, seasonal items, or additional revenue possibilities. Located on a quiet, residential street just blocks from EMU, Depot Town, and expressways, this property is in a high-demand rental area with strong tenant retention. All units are occupied; please do not disturb tenants. Private tours are available by appointment only through the listing agent. Whether you're looking to expand your portfolio or secure a cash-flowing property in a vibrant college town, 115 College Place is a rock-solid opportunity with multiple avenues for future growth.
Listing Highlights for 115 College Pl
Status
Active
Days on Site
123
Property Type
Multi-Family
MLS ®
60394098
Year Built
1914
Total Square Footage
3,076
Lot/Acreage
52.00 x 120.00
County
Washtenaw
Neighborhood
College Place Add
Area
Ypsilanti (81033)
School District
Ypsilanti Public School District
Interior Details
- Bedrooms: 0
- Bathrooms: 6 Full
- Appliances:
- Air Cond: Ceiling Fan(s)
- Heating: Radiant
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3076
- Below Ground Sq Ft: n/a
- Basement: Block,Outside Entrance
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 52.00 x 120.00
- Zoning: Multi-Family
- Roof:
- Others: Fenced Yard,Porch
- Sewer:
Financial Details
- Tax Amount: $7,757
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
115 College Pl Ypsilanti, MI 48197
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
