1236 Holmes Road

Sold 3/25/25
Sold 3/25/25
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Bedroom5
Bedroom6
Bathroom1
Sold
Last Sold Price
$840,000
14 beds
1236 Holmes Road, Ypsilanti, MI 48198
Multi FamilyProperty Type
0.58 acresLot Size
1968Year Built
21 carsParking Spaces

Description

Fantastic opportunity to expand your investment portfolio with this fully rented 7-unit apartment building with great proximity to Depot Town and EMU! This well-maintained building is set back from the road with plenty of parking for tenants and guests. Each unit has 2 bedrooms and 1 full bathroom furnished with refrigerator, range/oven, and wall air conditioner. Landlord pays for dumpster and water (single meter - most tenants charged an additional water fee) while the rest of the utilities are...Fantastic opportunity to expand your investment portfolio with this fully rented 7-unit apartment building with great proximity to Depot Town and EMU! This well-maintained building is set back from the road with plenty of parking for tenants and guests. Each unit has 2 bedrooms and 1 full bathroom furnished with refrigerator, range/oven, and wall air conditioner. Landlord pays for dumpster and water (single meter - most tenants charged an additional water fee) while the rest of the utilities are paid by the tenants. Shared coin-operated laundry machines are leased and provide additional income. Gross rents are currently $86,736/year with room to increase - see attachments for rent roll, proforma P&L, and additional information. Since all units are occupied, showings/inspections will only be allowed after an offer is accepted with listing agent present.
  • Listed by: Aleksandr Milshteyn 734.417.3560 alex@alexmi.com Brokerage DRE #6505081149 • Real Estate One Inc
  • Listed by: Guillermo Fleuruqin 734.276.1701 GF@AlexMI.com Brokerage DRE #6505081149 • Real Estate One Inc
Listing closed: 03/25/2025 12:00 AM • Source: Michigan Regional Information Center, MLS#: 25005632

Recent comparable sales

Median sold price

$590,000

Avg days on market

62

Sale-to-list ratio

92.0%

Ypsilanti, MI

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Location

Listing Courtesy of Real Estate One Inc

Sold By Real Estate One Inc

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$14,634 per month

30 year fixed, 6.71% Interest

Principal and Interest

$4,341

Property Taxes

$1,011

HOA Dues

$9,282

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Property Information for 1236 Holmes Road

Property Details
  • Taxes: $12,131 / year
  • Condo/Co-op Fees: $9,282 / month
  • MLS Type: Residential Income / 5+ Units
  • County: Washtenaw County
  • Zoning: RM-LD
  • ZoningDescription: RM-LD
Building Information
  • Residences: 7
  • Year Built: 1968
  • Lot Size: 0.58 AC / 25,265 SF
Summary
Location and General Information
  • Cross Streets: Holmes and N. Ford
  • Municipality: Ypsilanti Twp
  • Directions: South Side of Holmes Road Between Bagley Avenue and N. Harris Road
  • Area - Major: Ann Arbor/Washtenaw - A
  • Street #: 1236
  • Street Name: Holmes
  • Suffix: Road
  • City: Ypsilanti
  • State: MI
  • Zip Code: 48198
  • County: Washtenaw
  • Latitude: 42.252805
  • Longitude: -83.588309
  • Area - Minor: Ann Arbor/Washtenaw - A
Taxes and HOA
  • Taxable Value: 188005.0
  • Approx. Assoc Fee: $0
  • Tax ID #: K-11-03-400-009
  • Homestead: 0
  • SEV: 232200
Parking
  • Parking Features: Paved
  • Parking Total: 21.0
  • Attached Garage: No
  • Driveway: Paved, Shared Paved
Virtual Tour
  • Total Virtual Tours Count: 0
  • Total Open Houses Count: 0
Property
Lot Information
  • Lot Features: Sidewalk
  • Lot Dimensions: 99 x 256.58
  • Lot Measurement: Acres
  • Lot Acres: 0.58
  • Lot Square Footage: 25265.0
  • Lot Size Area: 0.58
Property and Assessments
  • Tax Year: 2025
  • Road Surface Type: Paved
  • Legal: COM AT E 1/4 COR SEC 3, TH S 88-42-10 W 1336.26', TH S 01-33-50 E 183.42' TO POB. TH S 01-33-50 E 256.58', TH S 88-42-10 W 99', TH N 01-33-50 W 256.58' TH N 88-42-10 E 99' TO POB. CONT .583 AC.
  • Property Sub-Type: 5+ Units
  • New Construction: No
  • Total Floor Plans Count: 0
  • Property Type: Multi Family
  • Year Built: 1968
  • Video Groups: 0
  • Accessibility Features YN: No
Utilities
  • Utilities: Phone Connected, Natural Gas Connected, Electricity Connected, Storm Sewer
  • Electric: True
  • Sewer: Public Sewer, True
  • Util Avail at Street: Storm Sewer
  • Utilities Attached: Electricity Connected, Natural Gas Connected, Phone Connected
  • Water: Public Water
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Street Type: Paved, Public
  • Exterior Material: Brick
  • Substructure: Crawl Space
  • Extras: Laundry Facility, Sep Electric Meter, Sep Gas Meter
Interior Features
  • Heating: Forced Air
  • Laundry Features: Common Area
  • Basement: No
  • Cooling: Wall Unit(s)
  • Basement Yes/No: No
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): 0.0
  • Bathrooms Total (Notational): 0.0
  • Cooling: Yes
  • Heating: Yes
  • Heat Source: Natural Gas
  • Heat Type: Forced Air
  • Air Conditioning: Wall Unit(s)
Multi Family
Multi Family Information
  • Number of Units: 7
Income & Expense
  • Manager Expense: $7,140.00
  • Maintenance Expense: $9,282.00
  • Insurance Expense: $2,100.00
  • Net Operating Income: $62,729.00
  • Operating Expense: $39,263.00
  • Gross Income: $106,242.00
Unit Information
Unit 1
  • BathsTotal: 1
  • BedsTotal: 2
  • FullBaths: 1
  • HalfBaths: 0
  • Occupied: Yes
  • Description: Ranch
Unit 2
  • BathsTotal: 1
  • BedsTotal: 2
  • FullBaths: 1
  • HalfBaths: 0
  • Occupied: Yes
  • Description: Ranch
Unit 3
  • BathsTotal: 1
  • BedsTotal: 2
  • FullBaths: 1
  • HalfBaths: 0
  • Occupied: Yes
  • Description: Ranch
Unit 4
  • BathsTotal: 1
  • BedsTotal: 2
  • FullBaths: 1
  • HalfBaths: 0
  • Occupied: Yes
  • Description: Ranch
Unit 5
  • BathsTotal: 1
  • BedsTotal: 2
  • FullBaths: 1
  • HalfBaths: 0
  • Occupied: Yes
  • Description: Ranch
Unit 6
  • BathsTotal: 1
  • BedsTotal: 2
  • FullBaths: 1
  • HalfBaths: 0
  • Occupied: Yes
  • Description: Ranch
Unit 7
  • BathsTotal: 1
  • BedsTotal: 2
  • FullBaths: 1
  • HalfBaths: 0
  • Occupied: Yes
  • Description: Ranch
Unit 8
  • BathsTotal: 0
Unit 9
  • BathsTotal: 0
Unit 10
  • BathsTotal: 0
Unit 11
  • BathsTotal: 0
Unit 12
  • BathsTotal: 0
Rental
Rental Information
  • Tenant Pays: Electric, Gas, Water
  • Owner Pays: Sewer, Trash Collection, Water
  • Terms Available: Cash, Conventional

Property History for 1236 Holmes Road

DateEvent & SourcePriceAppreciation
Mar 25, 2025

Sold

MiRealSource #70452292

$840,000—
Mar 25, 2025

Sold

Realcomp #81025005632

$840,000—
Mar 25, 2025

Sold

Michigan Regional Information Center #25005632

$840,000—
DateEvent & SourcePrice
03/25/2025

Sold

MiRealSource #70452292

$840,000
03/25/2025

Sold

Realcomp #81025005632

$840,000
03/25/2025

Sold

Michigan Regional Information Center #25005632

$840,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1236 Holmes Road

Taxable ValueLand-Additions-Total-
Home Facts
Total Finished SqFt5,328 SqFtAbove Grade Finished SqFt5,328 SqFtLot Size19,602 SqFtStyleMiscellaneous CommercialYear Built1968Year Renovated1968ZoningBACountyWASHTENAWAPNK -11-03-400-009

Schools near 1236 Holmes Road

This home is within Ypsilanti Community Schools.
Rating
School
Type
Grades
Distance
Holmes Elementary Learning Center
Public - K to 6
Ypsi Connected Community School
Public - K to 8
Achieving College & Career Education (ACCE)
Public - 6 to 12
Ypsilanti International Elementary School
Public - PK to 5
Rating
School
Distance
Holmes Elementary Learning Center
PublicK to 6

Ypsi Connected Community School
PublicK to 8

Achieving College & Career Education (ACCE)
Public6 to 12

Ypsilanti International Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1236 Holmes Road, Ypsilanti, MI 48198
$840,000
14
–
25,265
1236 Holmes Road, Unit 17, Ypsilanti, MI 48198
$419,000
–
–
–
19,602
1234 Holmes Road, Ypsilanti, MI 48198
$325,000
–
–
–
2,613
1244 Holmes Road, Ypsilanti, MI 48198
–
–
–
–
181,210
1240 Holmes Road, Ypsilanti, MI 48198
–
3
1
1,304
23,958
1230 Holmes Road, Ypsilanti, MI 48198
–
3
1.5
1,433
17,860

Explore Nearby Homes

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Listing Courtesy of Real Estate One Inc

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