4-Unit Multifamily
New
For Sale
$375,000
425 N Adams St, Ypsilanti, MI 48197
Four one-bedroom apartments share basement storage and laundry facilities, with a detached garage on the property.
Property SizeContact for details
Days on Market3
Property Features for 425 N Adams St
General Information
Standard status
Active
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$37,740
Taxes and HOA fees
Annual Taxes
$7,125
Amenities
locked private storage
shared washer and dryer facilities
detached garage
Building Details
Year Built
1915
Units
4
Listing Agency:
@propertiesChristie's Int'l AA
Listed By:
Beau La Fleur · License #6501442431
(734) 368-5667
Source:
Elliman
Added: Oct 4
Last Checked: Oct 5 at 6:37PM
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 @propertiesChristie's Int'l AA
Investment Insights
Based on property information with market context.
Built in 1915, this four-unit multifamily property contains four one-bedroom, one-bath apartments. Each unit has a private, locked storage area in the basement, and residents share washer and dryer facilities. A detached garage is also part of the property.
All four apartments are currently occupied. The property is at 425 N Adams St in Ypsilanti, near downtown, Eastern Michigan University, shopping, restaurants, parks and major commuter routes. Walk Score is 72, Bike Score is 68 and Transit Score is 41.
All four apartments are currently occupied. The property is at 425 N Adams St in Ypsilanti, near downtown, Eastern Michigan University, shopping, restaurants, parks and major commuter routes. Walk Score is 72, Bike Score is 68 and Transit Score is 41.
Key Highlights
- Four occupied apartments, each with 1 bedroom and 1 bath
- Detached garage currently generating rental income
- Private locked basement storage assigned to each unit
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
938
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom apartments share basement storage and laundry facilities, with a detached garage on the property.
Where is this quadplex located?
The property is located at 425 N Adams St Ypsilanti, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four occupied apartments, each with 1 bedroom and 1 bath; Detached garage currently generating rental income; Private locked basement storage assigned to each unit
