Six-Unit Apartment
For Sale
$175,000
360 1st Ave, Ypsilanti, MI 48197
Apartment property with a varied unit mix and comprehensive renovation needs.
Property Size2,874 SF
Price / SF$60.89
Days on Market41
Property Features for 360 1st Ave
General Information
Standard status
Active
Size
2,874 SF
Property subtype
Residential Income
Property Condition
Severity
Major Repairs Needed
Evidence
requires a full renovation
Units
Unit Mix
4 x studio, 2 x 2BR
Multifamily Units
6
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,869
Listing Agency:
EXP Realty Main
(248) 790-3959
Listed By:
Lashawn Peterson
(248) 790-3959
Source:
Exprealty
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 18 at 10:16AM
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 Main
Investment Insights
Based on property information with market context.
This 1889 apartment building contains six units across 2,874 square feet, including four studio apartments and two two-bedroom apartments. The property requires comprehensive renovation, offering a clear opportunity to reposition the existing residential layout through updated interiors and building improvements.
The property is near EMU, shopping, dining, and major expressways, providing access to area amenities and regional transportation routes. Its established apartment configuration and mix of smaller and two-bedroom units create a straightforward multifamily redevelopment profile.
The property is near EMU, shopping, dining, and major expressways, providing access to area amenities and regional transportation routes. Its established apartment configuration and mix of smaller and two-bedroom units create a straightforward multifamily redevelopment profile.
Key Highlights
- Six‑unit apartment building totaling 2,874 square feet
- Unit mix includes 4 studio apartments and 2 two‑bedroom apartments
- Built in 1889
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
561
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with a varied unit mix and comprehensive renovation needs.
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: Six‑unit apartment building totaling 2,874 square feet; Unit mix includes 4 studio apartments and 2 two‑bedroom apartments; Built in 1889
