102 Spring Street
Ypsilanti, MI 48197

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Description

This well-maintained 4-unit property offers a strong rental history and immediate income potential. All four units are currently leased—three with long-term tenants and the fourth on a flexible month-to-month agreement—providing stable cash flow and minimal vacancy risk for investors or owner-occupants.Each unit features solid oak hardwood floors, updated stainless steel appliances, dishwashers, and garbage disposals—a rare and sought-after upgrade in rental properties. Interiors are clean, well-kept, and reflect ongoing care and quality maintenance.A standout feature is the spacious, mostly finished garage, which includes two heated areas. Whether used for parking, storage, or creative use, this space offers an opportunity for additional income or expanded utility.Adding even more long-term potential, the property is uniquely situated on a natural spring, opening possibilities for eco-conscious ventures or future development—an uncommon and valuable characteristic.Whether you're looking for a turnkey, income-generating asset or a multi-family property with flexibility and character, this opportunity checks all the boxes.Don't miss your chance to own a versatile, income-generating property in a desirable location!

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Washtenaw County
• Zip Code: 48197
• Year Built: 1904
• Subdivision/Neighborhood: Ypsilanti City
• School District: Ypsilanti
• Basement: Yes
• Lot Size: 12632 sq ft lot
• Construction Materials: Aluminum Siding, Vinyl Siding
• Directions: West Ecorse Rd East Michigan Ave
• Gross Income: 53700
• Heat Source: Natural Gas
• Heating: Forced Air
• Lot Size Area: 0.29
• Lot Size Square Feet: 12632.4
• Lot Size Units: Acres
• MLS Area Major: Ann Arbor/Washtenaw - A
• MLS Area Minor: Ann Arbor/Washtenaw - A
• Main Type: Multi Family
• Parcel Number: 111139403027
• Road Frontage: 92
• SEV: 106100
• Street Type: Paved
• Tax Annual Amount: 5244
• Tax Legal Description: ASSR REQUEST ****FROM 1139403024 05/07/96YPC 1W-27A-1A-1 COM AT SE COR SEC 9, TH N 18-42-30 W 1063.88 FT, TH S 71-17-30 W 721.49 FT, TH S 88-32-40 W 1385.75 FT, TH S 79-37-40 W 233.69 FT, TH N 00-03-43 E 20.30 FT, TH S 75-29-57 W 58.77 FT, TH S 75-13-37 W 24.53 FT TO POBTH S 75-13-37 W 92.02 FT, THN 47-00-27 W 10.36 FT, TH N 04-26-15 E 144.62 FT, TH N 59-48-32 E 70.19 FT, TH S 08-36-40 E 164.94 FT
• Total Approx Sq Ft All Bldgs: 1884
• Total Num Units: 4
• Township: Ypsilanti City
• Water Source: Public