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217 N Normal St

Ypsilanti MI 48197

0.24 ac.
Multi-Family
Currently for sale - view listing

Overview

Exceptional investment opportunity just steps from Eastern Michigan University! This long-time student rental offers incredible flexibility for investors and owner-occupants alike. Live in one unit and rent the others, continue leasing the units separately, or lease the entire property to a single group. Currently configured as three separate rental units generating a total of $4,700 per month in rental income, with one lease for two units in place through 7/31/2026 and the remaining tenant on a month-to-month agreement. The property features 7/8 bedrooms, four full bathrooms, and four kitchens - one on each level - providing numerous options for future use. Shared laundry is located in the basement, and tenants pay all utilities, with separate electrical meters and shared gas and water service. Ample off-street parking and abundant storage add to the property's appeal. Whether you're looking to expand your portfolio, generate immediate cash flow, or build long-term equity in a prime

Features

0.24 ac. lot size
Multi-Family

Property history for 217 N Normal St

2019
Sold
$332,000
17 May 2019 by Larry Gotcher, of Resource Realty Group
2019
Sold
$332,000
17 May 2019 by Larry Gotcher, of CENTURY 21 CIRCLE

Happy sellers in Ypsilanti

56%
56% of sellers in Ypsilanti reported that their sale price either exceeded or met their price expectations.

Ypsilanti stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Ypsilanti over the last 12 months.

Local market activity for multi families in Ypsilanti

In the last 12 months, 14 multi families similar to 217 N Normal St, have been sold.

This represents a 34% increase in multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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