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20-Unit Multifamily Building

900 Oakwood Street, Ypsilanti, MI 48197

For Sale
Contact for pricing

Residents have access to an enclosed parking structure, with unit updates and a new roof among recent improvements.

Property SizeContact for details
Days on Market19

Property Features for 900 Oakwood Street

General Information

Standard status Active
Property subtype Multifamily
Occupancy 90%
Net Operating Income $181,085

Units

Unit Mix 11 x 1BD/1BA, 7 x 2BD/1BA, 1 x 3BD/1BA, 1 x Studio
Multifamily Units 20

Additional Details

Gross Income $261,000
Tenant in Place Yes

Amenities

enclosed parking structure

Building Details

Stories 3
Listing Agency: Toman & Co.
Listed By: Team Toman
Source: Crexi
Added: Oct 23 Changed: Nov 8 Last Checked: Nov 10 at 7:25AM

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 Toman & Co.

Rey
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Investment Insights

Based on property information with market context.

This 20-unit apartment community spans three stories and includes an enclosed parking structure. The unit mix comprises 11 1BD/1BA apartments, 7 2BD/1BA apartments, 1 3BD/1BA apartment, and 1 studio. Recent work includes a new roof and updates to units, while the mechanical systems are described as well maintained. Occupancy is 90%.

Key Highlights

  • 20‑unit apartment property with 90% occupancy
  • Unit mix: 11 1BD/1BA, 7 2BD/1BA, 1 3BD/1BA, and 1 studio
  • Three‑story building with an enclosed parking structure

Property Analytics

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Lease Details

20
Residential units
90%
Occupancy

Location Intelligence

Trade Area within ½ mile

561
Businesses Nearby

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

Properties on Market for Apartment buildings in Ypsilanti

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Residents have access to an enclosed parking structure, with unit updates and a new roof among recent improvements.
Where is this apartment building located?
The property is located at 900 Oakwood Street Ypsilanti, MI.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 20‑unit apartment property with 90% occupancy; Unit mix: 11 1BD/1BA, 7 2BD/1BA, 1 3BD/1BA, and 1 studio; Three‑story building with an enclosed parking structure
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