422 N River Street
Ypsilanti, MI 48198
- – beds
- – baths
- – sqft
- 4,792 sqft lot
- 1875 build
- – on site
Amazing, rare investment opportunity! Charming 4-unit, multi-family income property close to the best of Ypsilanti including Depot Town, Frog Island and Riverside Parks, Hyperion and Vertex Coffee Roasters, the Ypsilanti Food Co-op, Eastern Michigan University, and more. Solid, turn-key property, very well-maintained and updated with charming vibes inside and out. Three 1-bedroom units (2 currently rented long-term) go for $1,125, and $1,150/month and efficiency unit, also currently rented, goes for $725/month. All units have their own entrance from the outside, kitchens, bathrooms, and washer/dryers (a huge plus). Newly updated Certificate of Occupancy good through 2026 with potential for short- or long-term rental potential--could also be owner occupied.Owner pays for gas and water and renters pay for separate-metered electricity. Newer boiler, 2-car garage, beautiful landscapingthis is a must see property!
Last checked:
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Last updated Jan 8, 2025
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MLS# 81025000469 —
The Building
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Year Built:1875
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Construction Materials:Other
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Basement:true
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Foundation Details:MichiganBasement
Interior
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Laundry Features:SeeRemarks
Location
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Directions:From downtown Ypsilanti, take Michigan Avenue to Rivers Street and turn left. The property is on the right side just before Maple Street.
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Cross Street:E Cross St
The Property
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Parcel Number:111104495010
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Property Type:ResidentialIncome
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Property Sub Type:MultiFamily
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Lot Features:CornerLot
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Lot Size Acres:0.11
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Lot Size Area:4966.0
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Lot Size Dimensions:4966 SF
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Lot Size Units:SquareFeet
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Zoning Description:Other
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Road Frontage Feet:50
Listing Agent
- Contact info:
- Agent phone:
- (248) 497-5205
- Office phone:
- (734) 237-6901
Taxes
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Tax Legal Description:*OLD SID - 11 11-360-429-00 YP CITY 21E-5 LOT 429 AND N 1/2 OF LOT 428422 N RIVER
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Tax Assessed Value:64352
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Tax Annual Amount:5104.0
Heating & Cooling
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Heating:NaturalGas, Radiant
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Heating:true
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Cooling:WindowUnits
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Cooling:true
Utilities
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Utilities:ElectricityConnected, NaturalGasConnected, SewerConnected
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Sewer:PublicSewer, SewerAtStreet
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Water Source:Public, WateratStreet
Schools
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High School District:Ypsilanti
The Community
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Waterfront:false
Parking
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Parking Total:2.0
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Parking Features:Gravel
IDX provided courtesy of Realcomp II Ltd., via Estately and Greater Metropolitan Association of REALTORS, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
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.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/5/25
Jan 5, 2025
|
Listed / Active | REALCOMP | $450,000 |
