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About This Home

This 8-bedroom, 4-bathroom single family at 217 N Normal Street in Ypsilanti, MI is listed for $399,900 ($140 per sqft). Built in 1909, the home offers 2,862 sqft of living space on a 0.24 acres lot.

Agent Description

Exceptional investment opportunity just steps from Eastern Michigan University! This long-time student rental offers incredible flexibility for investors and owner-occupants alike. Live in one unit and rent the others, continue leasing the units separately, or lease the entire property to a single group.

Currently configured as three separate rental units generating a total of $4,400 per month in rental income, with one lease for two units in place through 7/31/2026 and the remaining tenant on a month-to-month agreement. The property features 7/8 bedrooms, four full bathrooms, and four kitchens - one on each level - providing numerous options for future use.

Shared laundry is located in the basement, and tenants pay all utilities, with separate electrical meters and shared gas and water service. Ample off-street parking and abundant storage add to the property's appeal. Whether you're looking to expand your portfolio, generate immediate cash flow, or build long-term equity in a prime rental location, this property presents a rare opportunity you don't want to miss!

Showings begin 6/17. A minimum 48-hour notice is required for all showings. Sale is subject to tenants' rights.

Key Features

  • Built in 1909
  • 0.24 acre lot
  • 3 stories
  • Fireplace

Property Details

3 stories
4 full
1909

Amenities

FireplaceA/C

Monthly Cost Estimate

$2,139/mo

20% down · 6.5% · 30 years

Principal$289
Interest$1,733
Insurance$117

Estimates only. Actual payments may vary.

Location

217 N Normal Street

Ypsilanti, MI 48197

Property Details

Flooring

WoodTile

Construction

Stucco

Pool Features

Porch

Parking

Garage

Heating

Hot Water(Heating)Steam

Cooling

Window Unit(s)

Appliances

DryerOvenRangeRefrigeratorWasher

Questions & Answers

This 8-bedroom, 4-bathroom single family at 217 N Normal Street is listed at $399,900 ($140/sqft). The estimated monthly payment is $1,733 based on 20% down at 6.5% interest.

Key features include: Built in 1909, 0.24 acre lot, 3 stories, Fireplace.

This property is listed by Aleksandr Milshteyn and can be reached at 7344173560 or alex@alexmi.com.

AM

Aleksandr Milshteyn

Agent at Real Estate One Inc

(734) 417-3560

Listed by Real Estate One Inc · View on Broker Site

MLS# 26028463· Source: listhub· Updated 6 days ago

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217 N Normal Street, Ypsilanti, MI 48197

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