111 N Normal St
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111 N Normal St
6 Unit Block of Flats £489,562 (£81,594/Unit) Ypsilanti, MI 48197
Investment Highlights
- 6 Unit Apartment Complex - 100% Occupied, Annual Leases
- "The Property was Constructed in 1844 and has been adequately maintained over the years" May, 2024 Appraisal Completed by Top USA Nation Wide Appraise
- Current Tenant Mix: 100% Traditional Renters (non-student).
- Located in Ypsilanti's Historic Midtown District
- Exterior Refresh Completed 2024. Additional "Aesthetic" CapEx Improvements Ongoing. Structure Shows in Great Shape due to Proper Ownership Maintenance
- Being centrally located between Michigan Ave and Washtenaw Ave offers not only a residential buffer but also an excellent logistical advantage.This lo
Executive Summary
6-unit [(3) 2-bdrm + (3) 1-bdrm] apartment complex located along the west side of N. Normal Street, one block south of Washtenaw
Avenue and Eastern Michigan University. It is a 6-unit, three-story, multi-family walk-up property situated on a 0.33-acre site. The
improvements were constructed in 1844 and have been adequately maintained over the years. The property is currently 100%
leased.
Avenue and Eastern Michigan University. It is a 6-unit, three-story, multi-family walk-up property situated on a 0.33-acre site. The
improvements were constructed in 1844 and have been adequately maintained over the years. The property is currently 100%
leased.
Property Facts
| Price | £489,562 | Building Class | C |
| Price Per Unit | £81,594 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 5,876 SF |
| No. Units | 6 | Number of Floors | 3 |
| Property Type | Residential | Year Built/Renovated | 1844/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.49/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | £489,562 |
| Price Per Unit | £81,594 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 5,876 SF |
| Number of Floors | 3 |
| Year Built/Renovated | 1844/2024 |
| Parking Ratio | 1.49/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Wooden Floors
- Refrigerator
- Oven
- Tub/Shower
- Freezer
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Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (77)
zoning
| Zoning Code | CN (Core Neighborhood) |
| CN (Core Neighborhood) |
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111 N Normal St
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