115 College Place, Ypsilanti, MI 48197
115 College Place, Ypsilanti, MI 48197
115 College Place, Ypsilanti, MI 48197
115 College Place, Ypsilanti, MI 48197
115 College Place, Ypsilanti, MI 48197
115 College Place, Ypsilanti, MI 48197
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Salvatore Palazzolo

Salvatore Palazzolo

+1(248) 927-8521
$ 425,000
Est. payment | /mo

4 Baths

6,098 Sqft Lot

Save Virtual Tour
$ 425,000
Est. payment | /mo
Save Virtual Tour

4 Baths

6,098 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Ypsilanti City

Subdivision Ypsilanti City

MLS Listing ID 20261020203

HOA Y/N true

Year Built 1914

Annual Tax Amount $7,882

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 52.00 x 120.00

Source Realcomp

Property Description

Investment Opportunity in the Heart of Ypsilanti – 4-Unit MultifamilyWelcome to 115 College Place, a well-maintained and updated 4-unit multifamily residence in one of Ypsilanti's most sought-after investment corridors. Located just minutes from Eastern Michigan University and Downtown Ypsi's growing cultural and dining scene, this property presents an outstanding opportunity for both seasoned investors and those entering the multifamily market.All four units are 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 development—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.Units are occupied; please do not disturb tenants. Private tours are available by appointment only through the listing agent.Whether you'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

Zoning Multi-Family

Direction S. of Washtenaw W of Hamilton

Interior

Heating Radiant

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Lot Description Sidewalk

Water Public

Structure Type Vinyl Siding

Schools

School District Ypsilanti

Others

Tax ID 111140430018

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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

Listed by J Dillon Realty
Salvatore Palazzolo

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(248) 927-8521

salpalazzolo@icloud.com

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115 College Place