Homes for sale - 115 COLLEGE Place, Ypsilanti, MI 48197 2699

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Christopher Parker

christopher@reconrealestate.net +1(989) 214-1038

$500,000

Est. payment - /mo

6 Baths

3,076 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,076 sqft

Price per Sqft $162

Subdivision Mi

MLS Listing ID 60394098

Style 2 Story

Full Baths 6

Year Built 1914

Annual Tax Amount $7,757

Lot Dimensions 52.00 x 120.00

Property Sub-Type Multi-Family

Property Description

Investment Opportunity in the Heart of Ypsilanti â€“ 4-Unit Multifamily Welcome to 115 College Place, a well-maintained and updated 4-unit multifamily residence in one of Ypsilantiâ€™s most sought-after investment corridors. Located just minutes from Eastern Michigan University and Downtown Ypsiâ€™s growing cultural and dining scene, this property presents an outstanding opportunity for both seasoned investors and those entering the multifamily market. Each of the four units is currently leased, generating immediate rental income with long-term upside. The building features numerous capital improvements including a new boiler system, durable vinyl siding, and Trex composite decking that ensures low maintenance and curb appeal. Many units have been updated with fresh finishes, offering clean and functional living spaces while still leaving room for future value-add potential. Tenants enjoy a common secured front entry, shared on-site laundry, and private parking, a rare commodity in the area. The full basement features glass block windows and is prepped for finishing, ideal for additional storage, a shared lounge space, or future expansion. Above, a spacious walk-up attic offers even more room for future developmentâ€”whether additional units, creative loft space, or enhanced storage options. A detached garage provides extra storage for maintenance tools, seasonal items, or additional revenue possibilities. Located on a quiet, residential street just blocks from EMU, Depot Town, and expressways, this property is in a high-demand rental area with strong tenant retention. All units are occupied; please do not disturb tenants. Private tours are available by appointment only through the listing agent. Whether youâ€™re looking to expand your portfolio or secure a cash-flowing property in a vibrant college town, 115 College Place is a rock-solid opportunity with multiple avenues for future growth.

Location

State MI

County Washtenaw

Area Ypsilanti (81033)

Zoning Multi-Family

Rooms

Basement Block, Outside Entrance

Interior

Heating Radiant

Cooling Ceiling Fan(s)

Fireplace No

Exterior

Exterior Feature Vinyl Siding

Amenities Available Laundry Facility, Private Entry

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Vinyl Siding

Schools

School District Ypsilanti Public School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional,FHA,VA

Virtual Tour https://youtu.be/xVq3y-jRh0c

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MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by J Dillon Realty

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Christopher Parker

+1(989) 214-1038

Broker Associate | License ID: 164141; 6506049280

Broker Associate License ID: 164141; 6506049280

115 COLLEGE Place Ypsilanti, MI 48197 2699

Christopher Parker

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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