111 Normal StYpsilanti, MI 48197

Property Details for 111 Normal St

Year built

1844

Lot size

0.35 AC

Property size (Sq ft)

5,876 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Ypsilanti

County

Washtenaw

State

Michigan

Latitude

42.2428

Longitude

-83.6236

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