Building Details

Year Built 1893

Listing Agency: Beal Properties LLC Show Phone

Listed By: Andre Kingston

Source: Katie-k

Added: Jul 10 Changed: Aug 28 Last Checked: Aug 29 at 11:53AM

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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 Beal Properties LLC

Investment Insights

Based on property information with market context.

This multifamily property is configured for student housing and was built in 1893. The property is described as well maintained and is situated near a university on the edge of the city.

The asset is located at 518 W Michigan Ave in Ypsilanti City, Michigan.

Key Highlights

• Student housing property near a university
• Built in 1893
• Positioned on the edge of the city

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office Pharmacy HVAC Service Skin Care Clinic (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

Location Intelligence

Trade Area within ½ mile

1,233

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Located near a university on the edge of the city, this established property serves student housing needs.

Where is this multifamily property located?

The property is located at 518 W Michigan Ave Ypsilanti, MI.

What is the asking price?

The asking price for this property is $312,000.

What are key features of this property?

This property features: Student housing property near a university; Built in 1893; Positioned on the edge of the city