1436 E Michigan Avenue
Ypsilanti Twp, MI 48198

$129,000

Description

BUILDING WITH PAYING TENANTS.......2 BUILDINGS THAT ARE CURRENTLY BEING RENTED, THE FIRST IS A BARBER SHOP WITH A REMODELED BATHROOM WITH A DOUBLE SINK AND CUSTOM CABINETS AND A BASEMENT AND CURRENTLY BEING LEASED FOR $620 A MONTH, THE SECOND IS A BUILDING CURRENTLY BEING LEASED TO A CHURCH BEING LEASED WITH NEW FRONT FLOORS AND CARPET FOR $950 A MONTH, TENANTS ARE UP TO DATE WITH RENT AND SELLER HAS NO PROBLEMS WITH THEM. THE BARBER SHOP HAS TENANTS WITH A 10 YEAR CONTRACT AND THE CHURCH HAS A 5 YEAR CONTRACT THAT MUST BE HONORED BY NEW OWNER(S). BOTH BUILDINGS ARE ON THE SAME TAX RECORD AND CAN'T BE SEPARATED. TENANTS ARE RESPONSIBLE FOR THE WATER BILL AND FOR PICKING UP THEIR OWN TRASH. FRONT TENANT IS RESPONSIBLE FOR THE LAWN AND IS REFLECTED IN THE RENT

Details

MLS#218058316
StyleIndustrial
Sub-TypeResale
StatusActive
Year1960
Days On Site256

Features

SQ Feet2,600
Story(s)1
ZoningCommercial

Market Activity 48198

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Area Information

StateMI
CountyWashtenaw
CityYpsilanti Twp
Zip Code48198
AreaYpsilanti Twp
Listing VS Median (in 48198)
Price:
$129,000
low | high
Med:
$224,900
24.341085271318% of Average
SqFt:
2,600
low | high
Med:
1,620
87.711538461538% of Average
$ / SqFt:
$50
low | high
Med:
$140
100% of Average
On Site:
256
low | high
Med:
7
100% of Average
Listing Updated: 03/24/2019
MLS Number: 218058316
Listing Provided By:
Darlene Lewis  of  Century 21 Castelli
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by realcomp II Ltd.® MLS.