111 Normal St, Ypsilanti, MI 48197

6 Unit Apartment Building | $700,000 ($116,667/Unit) | Ypsilanti, MI 48197

Asking Price $700,000

Property Type: Multifamily
Square Feet: 5,876 SF

Listing Contacts

Joseph Evangelista

Verified Profile

Jim Porth

Verified Profile

Property Info

Property Overview

6-unit [(3) 2-bdrm + (3) 1-bdrm] apartment complex located along the west side of N. Normal Street, one block south of Washtenaw
Avenue and Eastern Michigan University. It is a 6-unit, three-story, multi-family walk-up property situated on a 0.33-acre site. The
improvements were constructed in 1844 and have been adequately maintained over the years. The property is currently 100%
leased.

Property Details

Class: C
Year Built/Renovated: 1844/2024
Stories: 3
Lot Size (sq. ft): 15,246 SF
Units: 6

Highlights

6 Unit Apartment Complex - 100% Occupied, Annual Leases
Located in Ypsilanti's Historic Midtown District
"The Property was Constructed in 1844 and has been adequately maintained over the years" May, 2024 Appraisal Completed by Top USA Nation Wide Appraise
Exterior Refresh Completed 2024. Additional "Aesthetic" CapEx Improvements Ongoing. Structure Shows in Great Shape due to Proper Ownership Maintenance
Current Tenant Mix: 100% Traditional Renters (non-student).
Being centrally located between Michigan Ave and Washtenaw Ave offers not only a residential buffer but also an excellent logistical advantage.This lo

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