408 N Hamilton Street
Ypsilanti, MI 48197

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Description

Fantastic investment opportunity! This fully occupied triplex generates $40,680 in annual gross rental income with three long-term tenants in place. Tenants pay all utilities. 2 units just renewed for another 12months to February 2027! The third unit plans on renewing their lease in April 2026 for an additional 12 months. The main floor unit offers 3 bedrooms, 1 full bath, a spacious kitchen, hardwood floors, and a bright sunroom, heated with a forced-air furnace. The upper unit features 2 bedrooms, 1 bath, and a large living room, heated by a boiler system. The basement unit includes 1 bedroom, 1 full bath, and a full kitchen, with heat provided by a wall unit.Each unit has separate electrical meters and individual hot water tanks. Additional features include a detached garage for storage, a shared basement laundry room, and a shared driveway with ample parking for all three units.Located within walking distance to Eastern Michigan University, this property combines stable income, strong rental demand, and a highly 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: 1929
• Subdivision/Neighborhood: Ypsilanti City
• School District: Ypsilanti
• Basement: Daylight, Yes
• Lot Size: 6098 sq ft lot
• Association: Yes
• Association Amenities: Pets Allowed
• Construction Materials: Stucco, Wood Siding
• Directions: Located on Hamilton between Cross and Florence
• Extras: Laundry Facility
• Gross Income: 40680
• Heat Source: Natural Gas
• Heating: Baseboard, Forced Air
• Lot Features: Sidewalk
• Lot Size Area: 0.14
• Lot Size Square Feet: 6098.4
• Lot Size Units: Acres
• MLS Area Major: Ann Arbor/Washtenaw - A
• MLS Area Minor: Ann Arbor/Washtenaw - A
• Main Type: Multi Family
• Operating Expense: 1500
• Parcel Number: 111140109012
• Road Frontage: 36
• SEV: 141400
• Street Type: Paved
• Tax Annual Amount: 11352.42
• Tax Legal Description: *OLD SID - 11 11-441-397-20 YP CITY 44W-100 S 36 FT OF LOT 397 NORRIS & CROSS ADDITION.
• Total Approx Sq Ft All Bldgs: 2250
• Total Num Units: 3
• Township: Ypsilanti City
• Water Source: Public