111 Normal St, Ypsilanti, MI 48197
- Commercial real estate
- 5,876 SF
- 0.35 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 111 Normal St
- Year built
- 1844
- Lot size
- 0.35 lot acres
- Property type
- Commercial real estate
- APN
- 11-11-40-164-026
Description
This exceptional 6-unit apartment building presents a compelling investment opportunity in Ypsilanti, Michigan's historic Midtown district. Located at 111 N Normal St, this three-story walk-up property boasts 5,876 square feet on a 0.351-acre lot (APN: 11-11-40-164-026). Built in 1844 and extensively renovated in 1934 and again in 2024, the building is in excellent condition, showcasing a blend of historic charm and modern updates. The property features a mix of three 2-bedroom and three 1-bedroom units, currently enjoying 100% occupancy with annual leases. All tenants are traditional renters, not students, ensuring stable income and a desirable tenant profile. The building benefits from its prime location, situated one block south of Washtenaw Avenue and Eastern Michigan University, offering a quiet residential setting while enjoying proximity to major thoroughfares. Recent exterior improvements and ongoing aesthetic upgrades further enhance the property's appeal and value. A May 2024 appraisal by a top national appraiser is available. The property is zoned CN - Core Neighborhood, providing investment protection and attracting higher-end renters. This is a rare opportunity to acquire a well-maintained, historically significant multifamily property with strong rental income and significant upside potential in a thriving Michigan community.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ypsilanti
- County
- Washtenaw
- State
- Michigan
- Longitude
- -83.6235855
- Latitude
- 42.2427525
