111 Normal StYpsilanti, MI 48197

This exceptional 6-unit apartment building presents a compelling investment opportunity in Ypsilanti, Michigan's historic Midtown district. Located at 111 N Normal St, this three-story walk-up property boasts 5,876 square feet on a 0.351-acre lot (APN: 11-11-40-164-026). Built in 1844 and extensively renovated in 1934 and again in 2024, the building is in excellent condition, showcasing a blend of historic charm and modern updates. The property features a mix of three 2-bedroom and three 1-bedroom units, currently enjoying 100% occupancy with annual leases. All tenants are traditional renters, not students, ensuring stable income and a desirable tenant profile. The building benefits from its prime location, situated one block south of Washtenaw Avenue and Eastern Michigan University, offering a quiet residential setting while enjoying proximity to major thoroughfares. Recent exterior improvements and ongoing aesthetic upgrades further enhance the property's appeal and value. A May 2024 appraisal by a top national appraiser is available. The property is zoned CN - Core Neighborhood, providing investment protection and attracting higher-end renters. This is a rare opportunity to acquire a well-maintained, historically significant multifamily property with strong rental income and significant upside potential in a thriving Michigan community.