Seven-Property Residential Income
For Sale
$2,099,000
718 Lowell St, Ypsilanti, MI 48197
Seven-property residential package near Eastern Michigan University with strong walkability and bicycle access.
Property SizeContact for details
Days on Market12
Property Features for 718 Lowell St
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Gross Income
$280,149
Taxes and HOA fees
Annual Taxes
$6,658
Building Details
Year Built
1914
Buildings
7
Listing Agency:
The Charles Reinhart Company
(734) 645-3110
Listed By:
Ayad Ridha · License #6506044647
(734) 645-3110
Source:
Elliman
Added: Aug 21
Changed: Aug 26
Last Checked: Aug 30 at 10:36PM
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 The Charles Reinhart Company
Investment Insights
Based on property information with market context.
This residential income offering comprises seven properties assembled as Group 1 of 2, with addresses at 718 Lowell St, 705 Pearl St, 118 Ballard St, 11 S Summit St, 9 S Summit St, 17 N Summit St, and 805 N Congress St. The properties were built in 1914 and are described as well kept.
The package is positioned near the Eastern Michigan University Campus in Ypsilanti. WalkScore is 88, classified as Very Walkable; BikeScore is 87, classified as Very Bikeable; and TransitScore is 56, classified as Good Transit. The sale does not include seller financing.
The package is positioned near the Eastern Michigan University Campus in Ypsilanti. WalkScore is 88, classified as Very Walkable; BikeScore is 87, classified as Very Bikeable; and TransitScore is 56, classified as Good Transit. The sale does not include seller financing.
Key Highlights
- Seven‑property residential income package
- Located near the Eastern Michigan University Campus
- Addresses include 718 Lowell St, 705 Pearl St, 118 Ballard St, and four Summit or Congress Street properties
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
982
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?
Residential income property - Seven-property residential package near Eastern Michigan University with strong walkability and bicycle access.
Where is this residential income property located?
The property is located at 718 Lowell St Ypsilanti, MI.
What is the asking price?
The asking price for this property is $2,099,000.
What are key features of this property?
This property features: Seven‑property residential income package; Located near the Eastern Michigan University Campus; Addresses include 718 Lowell St, 705 Pearl St, 118 Ballard St, and four Summit or Congress Street properties
