Eastern Michigan Campus location. Three units, an efficiency on the second floor, rents for $450/month, two bedroom on the first floor, rents for $700/month, and a one bedroom in the finished basement, rents for $450/month. Currently rented through August, 2014. Currently the landlord pays all utilities and tenants pay landlord a total of $200 per month which is other income. Brick exterior on the first floor, well cared for, off street parking and a great backyard. Gutter Guards, Newer roof, furnace and air conditioning.
|Cross Street:||East Of College Place, North Of Washtenaw|
|# of Total Units:||3|
|Type||Total Rooms||# of Furnished Rooms||Rent|
|Listing Office:||The Charles Reinhart Company|
|Total Collected Income:||$0|
|Net Operating Income:||$12,310|
Ypsilanti, and adjacent Ypsilanti Township, with a combined
population of about 74,000, are located on Ann Arbor's eastern border.
Many of Ypsilanti's residents work at the businesses and industries
located in Ypsilanti; others work in Ann Arbor and surrounding
communities, or eastward in the greater Detroit area.
Starting in the 1920's, Ypsilanti began to play a role in the
development of the automobile, and auto production continues to be an
important part of Ypsilanti's economy today. Ypsilanti really hit the
map during World War II, when Henry Ford's Willow Run B-24 bomber plant
became the first to produce the planes on an assembly line, turning out
one bomber roughly every hour. The Yankee Air Museum and its annual
Thunder over Michigan air show at the Willow Run Airport are popular
destinations recounting the history of that time.
Ypsilanti is home to Eastern Michigan University, founded in 1849 as
Michigan State Normal School; EMU now enrolls about 24,000 undergraduate
and graduate students. With 12 parks in the city, and another 30 in
the township, recreational opportunities are many. A number of the
parks flank the Huron River or Ford Lake, offering access to a variety
of water sports. Throughout the year, a number of special events dot
the calendar; among the most popular are the Elvisfest and the Ypsilanti
Many housing styles and ages are found in the Ypsilanti area, from stately Italianate and Queen Anne examples to newly built neighborhoods.
**Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.
***Assessments are monthly fees such as Home Owners Association(HOA) Fees etc...
Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed.
7995 Stony Crk
MLS: 3206168 View Full Details
514 Washtenaw Ave
MLS: 3217022 View Full Details
The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange ("IDX") program of Ann Arbor Area Board of Realtors®. Real estate listings held by brokers other than Reinhart Realtors are marked with the IDX Logo. All information is subject to change and should be independently verified.
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