Six-Unit Apartment
For Sale
$175,000
360 1st Ave, Ypsilanti, MI 48197
Value-add six-unit multifamily property includes four studio apartments and two two-bedroom apartments.
Property Size2,874 SF
Days on Market12
Property Features for 360 1st Ave
General Information
Standard status
Active
Size
2,874 SF
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
6
Building Details
Building Size
2,874 SF
Year Built
1889
Tenancy
Multi
Listing Agency:
eXp Realty
(888) 501-7085
Listed By:
Monica Bullock
(888) 501-7085
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Aug 5 at 9:00AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This six-unit apartment building offers a mix of apartment layouts, including four studio units and two two-bedroom units. The property is described as requiring a full renovation, making it a fit for buyers prepared to invest in capital improvements.
The building is located near EMU and is also noted to be convenient to shopping, dining, and major expressways. WalkScore and transit indicators are provided in the remarks, supporting general day-to-day accessibility for residents.
The current configuration is straightforward, with seven total bedrooms across the two-bedroom units and four studio apartments comprising the remainder of the building’s unit mix.
The building is located near EMU and is also noted to be convenient to shopping, dining, and major expressways. WalkScore and transit indicators are provided in the remarks, supporting general day-to-day accessibility for residents.
The current configuration is straightforward, with seven total bedrooms across the two-bedroom units and four studio apartments comprising the remainder of the building’s unit mix.
Key Highlights
- Value‑add 6‑unit multifamily with 4 studio apartments and 2 two‑bedroom apartments
- Year built: 1889
- Property requires a full renovation
Property Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
281
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?
Apartment building - Value-add six-unit multifamily property includes four studio apartments and two two-bedroom apartments.
Where is this apartment building located?
The property is located at 360 1st Ave 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: Value‑add 6‑unit multifamily with 4 studio apartments and 2 two‑bedroom apartments; Year built: 1889; Property requires a full renovation
