Fully Occupied Four-Unit
For Sale
$395,000
126 College Place, Ypsilanti, MI 48197
Four tenant-occupied residential units offer immediate rental income with convenient access to EMU and Ypsilanti amenities.
Property SizeContact for details
Days on Market95
Property Features for 126 College Place
General Information
Standard status
Active
Property subtype
Multi Family
Listing Agency:
Prospect Realty Group
(248) 417-1396
Listed By:
Colleen Kennedy
Source:
Charterpropertiesgr
Added: Jun 7
Changed: Sep 8
Last Checked: Sep 8 at 4:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prospect Realty Group
Investment Insights
Based on property information with market context.
This property is a four-unit quadplex with all units currently tenant occupied. As a residential income building, it provides a straightforward four-residence configuration for an owner seeking a fully occupied asset. Financial information, rent roll, leases, and additional property details are available upon request.
The quadplex is located in the Eastern Michigan University area, just blocks from campus, and is also close to downtown Ypsilanti and Depot Town. The surrounding area provides access to parks, shopping, dining, and major commuter routes. Mobility and daily errand access are supported by a walk score of 91, a bike score of 66, and a transit score of 57.
For buyers looking for a stabilized, turn-key rental setup, the fully occupied status and existing tenant occupancy can be important considerations. The mix of campus proximity and nearby commercial and entertainment options may appeal to tenants seeking convenient daily access, whether commuting or taking advantage of local destinations.
The quadplex is located in the Eastern Michigan University area, just blocks from campus, and is also close to downtown Ypsilanti and Depot Town. The surrounding area provides access to parks, shopping, dining, and major commuter routes. Mobility and daily errand access are supported by a walk score of 91, a bike score of 66, and a transit score of 57.
For buyers looking for a stabilized, turn-key rental setup, the fully occupied status and existing tenant occupancy can be important considerations. The mix of campus proximity and nearby commercial and entertainment options may appeal to tenants seeking convenient daily access, whether commuting or taking advantage of local destinations.
Key Highlights
- Four residential units in a tenant‑occupied, fully occupied investment property
- Year built: 1890
- Located in the Eastern Michigan University area, just blocks from campus
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,150
Businesses Nearby
Explore this area
Business Placement
Demographics for 48197, MI
67,895
Population
28,649
Households
2.4
Avg Household Size
33
Median Age
47%
College-Educated
94%
High-School Grad
41.2 sq mi
ZIP Area
1,648
Density / Sq Mi
$70,913
Median Household Income
$39,314
Median Earnings
$1,203
Median Rent
$274,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four tenant-occupied residential units offer immediate rental income with convenient access to EMU and Ypsilanti amenities.
Where is this quadplex located?
The property is located at 126 College Place Ypsilanti, MI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Four residential units in a tenant‑occupied, fully occupied investment property; Year built: 1890; Located in the Eastern Michigan University area, just blocks from campus
