115 College Place

Ypsilanti, Michigan 48197

  • 4 Bed(s)
  • 6 Bath(s)
  • 3,076 Sqft
$500,000

Description

Investment opportunity in the heart of ypsilanti – 4-unit multifamily

welcome 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.

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 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.

all 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.

  • Property Type

    Multifamily

  • Subdivision

    College Place Add

  • County

    Washtenaw

  • Style

    Colonial

  • AD ID

    49724449

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Property Details

  • Bathroom Information

    • Total Baths: 6
    • Full Baths: 6

    Room Information

    • Porches: Porch

    Interior Features

    • Smoke Alarm,100 Amp Service,Carbon Monoxide Alarm(s),Circuit Breakers,Other,Laundry Facility,Programmable Thermostat
    • Basement Description: Unfinished,Walk-Up Access

    Heating & Cooling

    • Cooling: Ceiling Fan(s)
    • Heating: Radiant
    • Heating Fuel: Natural Gas

    Water Heater

    • Natural Gas,Tankless

  • Building Information

    • Year Built: 1914
    • Building Stories: 2 Story
    • Total Units: 4
    • Foundation/Basement: Basement
    • Architecture: Colonial

    Exterior Features

    • Lighting,Private Entry,Fenced
    • Construction: Vinyl

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)
    • Water Heat: Natural Gas,Tankless

  • Lot Information

    • Dimensions: 52.00 x 120.00

    Property Information

    • SQ ft: 3076
    • Subdivision: COLLEGE PLACE ADD
    • Financing: Cash,Conventional,FHA,VA

  • Listing Price Information

    • Original List Price: $500,000

    Listing Information

    • Possession: At Close
    • Legal Description: *OLD SID - 11 11-170-010-00 YP CITY 20W-12 LOT 10 COLLEGE PLACE ADDITION.

  • Tax Information

    • Annual Tax: $7,757
    • Parcel Number: 111140430018

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: *OLD SID - 11 11-170-010-00 YP CITY 20W-12 LOT 10 COLLEGE PLACE ADDITION.

  • Virtual Tour

    Parking Information

    • Parking: 1
    • Has Garage: Yes

    Multi-Unit Information

    • Presently Zoned: 1
    • Road Frontage: Paved,Pub. Sidewalk

    Unit 1 Information

    • # of Bedrooms: 4

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 05/16/2025 @ 20:56

  • MLS: 626403826
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 4 bedrooms which is for sale, it has 3,076 sqft, 3,076 sized lot, and 0 parking. are nearby neighborhoods.