120 South Prospect Street

Ypsilanti, MI 48198

$930,000
Price
Beds
11
Baths
9,120 Sq. Ft.
$102 / Sq. Ft.
9,120
Sq. Ft.
$102
per Sq. Ft.

Description

11 unit apartment building fully leased with huge potential. 1BR rents average $829/mo in the area make for easy rental increases. Property highly cared for. Tenant amenities include a short walk to Depot Town and all of its bars and restaurants. Huron River and many beautiful parks also just a short walk away. Eastern Michigan University less than 2 miles away with lots of public transportation options. University of Michigan Ann Arbor 8.5 miles away make this a possible student housing conversion....

Property Details for 120 South Prospect Street

Waterfront
No
Subdivision Name
HUNTERS ADD
Architecture Style
Common Entry Building
Pets Allowed
Yes
Zoning
Multi-Family

Location

Listing Courtesy of Griffin Properties & Management Co

Property Details for 120 South Prospect Street

StatusActive
MLS #2210030622
Days on Market137
Taxes$12,763 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiFamily / Multifamily
Year Built1966
Lot Size0.46 AC / 20,037 SF
CountyWashtenaw County

Listing Agent

Chris Griffin

Chris Griffin

Griffin Properties & Management Co

cgriffin1128@gmail.com

P: (313) 383-3938

Contact Agent(s)

Location

Listing Courtesy of Griffin Properties & Management Co

Building Information for 120 South Prospect Street

Stories-Residences11Year Built1966Building Size-Lot Size0.46 AC / 20,037 SF

Payment Calculator

$4,180 per month

30 year fixed, 2.95% Interest

Principal and Interest

$3,117

Property Taxes

$1,064

HOA Dues

$0

Property Information for 120 South Prospect Street

Summary
    Location and General Information
  • Directions: North bound on S huron st from 94. East on michigan, south of s. prospect. Property is on the west side of the street
  • Directions From East West: E
  • Directions From East West Detail: South Huron St.
  • Directions From North South: S
  • Directions From North South Deta: Michigan
  • Road Frontage Type: Paved
  • MLS Area Major Number: 04152
  • MLS Area Major: Ypsilanti
    Taxes and HOA Information
  • Tax Legal Description: ASSR REQUEST **FROM 1109405037 12/01/94 **FROM 1109405038 12/01/94 YP CITY 16E-104C PCLS "A&B"BEG AT NE COR LOT 98 HUNTERSADDITION, TH S'LY ALNG W LN PROSPECT ST. 35.00 FT, TH W'LY PARALLEL WITH S LN SAIDLOT 237.75 FT, TH N'LY 35.00 FT, TH E'LY 122.75 FT,TH N'LY 100.00 FT, TH E'LY 115.0 FT, TH S'LY 100.00 FT TO POB. PT OF LOTS 97 & 98 HUNTERS ADDITION TO VILLAGE OF YPSILANTI.
  • State Equalized Value: $283,000.00
  • Protection Period: 180
  • Percent Homestead Exempt: No
  • Tax Amount Summer: $12,275.00
  • Tax Amount Winter: $488.00
  • Total Tax: $12,763.00
    School Information
  • School District: Ypsilanti
Property
    Lot Information
  • Lot Size Dimensions: 135x237.75x35X115
  • Land Contract: No
  • Lot Size Area: 0.46
    Property and Assessments
  • Settlement: City
  • Assessment: 0
  • Encroachment: No
  • Year Built: 1966
  • Title: Private - Owned
  • Property Type: Multifamily
  • Short Sale: No
    Utilities
  • Sewer: Sewer-Sanitary
  • Water Source: Municipal Water
Interior and Exterior Features
    Exterior Features
  • Pool: No
  • Foundation Details: Basement
  • Foundation Materials: Block
  • Construction Materials: Brick
  • Architecture Level: 2 Story
    Interior Features
  • Basement: Yes
  • Baths Total: 11.00
  • Baths Full: 11
  • Baths Half: 0
  • Square feet Combined: 9120
  • Square feet Total: 9120
  • Square feet Total Basement: 3000
  • Rooms Total: 0
  • Living Area Source: Public Records
  • Basement Type: Private Storage Locker
  • Heating: Other
  • Heating Fuel: Natural Gas
Room Information
    Room
  • Room Count: 0
Multi Family
    Multi-Family Information
  • Unit Efficiency Number Of: 0
  • Unit Four Bed Number Of: 0
  • Unit Loft Number Of: 0
  • Unit One Bed Number Of: 11
  • Unit Three Bed Number Of: 0
  • Unit Two Bed Number Of: 0
  • Number Of Units Total: 11
  • Unit Count: 1
    Income & Expenses
  • Gross Scheduled Income: $81,600.00
  • Net Operating Income: $61,600.00
  • Income Projection: Projected
Rental
    Rent Information
  • Existing Lease: Yes
  • Legal Rental Certified: Yes
  • Monthly Rental Income: $6,800.00
  • Number Of Units Leased: 11
  • Rent Includes: Garbage Pickup, Heat, Snow Removal, Water/Sewer, Yard Maintenance

Property History for 120 South Prospect Street

DateEvent & SourcePriceAppreciation
Apr 30, 2021

Listed (Active)

REALCOMP #2210030622

$930,000
DateEvent & SourcePrice
04/30/2021

Listed (Active)

REALCOMP #2210030622

$930,000

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

Schools near 120 South Prospect Street


SchoolTypeGradesDistanceRating
New Beginnings AcademyCharterK-60.3 mi
NR
Washtenaw International Middle AcademyPublic5-80.4 mi
6
Washtenaw International High SchoolPublic9-120.4 mi
7
Ypsilanti Community Middle SchoolPublic5-80.4 mi
1

New Beginnings Academy

K-6, 0.3 mi, Charter

NR

Washtenaw International Middle Academy

5-8, 0.4 mi, Public

6

Washtenaw International High School

9-12, 0.4 mi, Public

7

Ypsilanti Community Middle School

5-8, 0.4 mi, Public

1

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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120 South Prospect Street is a multi-family home for sale in Ypsilanti, MI 48198. This property was listed for sale on April 30, 2021 by Griffin Properties & Management Co at $930,000. This listing's school district is Ypsilanti Community Schools. Nearby schools include Washtenaw International Middle Academy, Acce and Erickson Elementary. 120 South Prospect Street is a 0-bed, 11-bath, 9,120 sqft multi-family home built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Griffin Properties & Management Co

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