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Leased Multifamily Property with New Garage
For Sale
$175,000

766 Ford St, Ypsilanti, MI 48198

Currently leased to two long-term tenants, with a 2021 garage and a separately identified buildable lot.

Property Size1,410 SF
Price / SF$124.11
Days on Market53

Property Features for 766 Ford St

General Information

Standard status Active
Size 1,410 SF
Property subtype Multi-Family

Additional Details

Highway Access Yes

Building Details

Year Built 1925
Listing Agency: Community Choice Realty Inc
Listed By: In Network Real Estate Group
Source: Innetworkrealestate
Added: Jul 10 Changed: Aug 31 Last Checked: Aug 31 at 2:38PM

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 Community Choice Realty Inc

Investment Insights

Based on property information with market context.

This 1,410-square-foot multifamily property was built in 1925 and is currently occupied by two long-term tenants. The garage dates to 2021, providing a newer supporting improvement for the property.

The property is located near shopping areas, Michigan Avenue, and I-94. A separate buildable lot with its own tax ID is also available as an additional component. The property is classified for non-homestead taxes.

Key Highlights

  • 1,410‑square‑foot multifamily property built in 1925
  • Currently leased to 2 long‑term tenants
  • Garage added in 2021

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office HVAC Service Electrical Service Kitchen & Bath Showroom Furniture & Home Goods Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

584
Businesses Nearby

Demographics for 48198, MI

40,067
Population
17,379
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
92%
High-School Grad
33.4 sq mi
ZIP Area
1,200
Density / Sq Mi
$63,678
Median Household Income
$36,671
Median Earnings
$1,197
Median Rent
$178,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Currently leased to two long-term tenants, with a 2021 garage and a separately identified buildable lot.
Where is this multifamily property located?
The property is located at 766 Ford St Ypsilanti, MI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,410‑square‑foot multifamily property built in 1925; Currently leased to 2 long‑term tenants; Garage added in 2021
More about this property
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