115 College Pl, Ypsilanti, MI

Name: 115 College Pl, For Sale in Ypsilanti - eXp Commercial Brokerage
Brand: J Dillon Realty
SKU: 20250034364
Price: 500000 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 3076 sqft

Garage Yes

Taxes $7,757

Days Active 0

Lot Size

Approx. Age 1914

Avg. Price Per Sqft $162

MLS® Number 20250034364

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Investment Opportunity in the Heart of Ypsilanti – 4-Unit Multifamily Welcome to 115 College Place, a well-maintained and updated 4-unit multifamily residence in one of Ypsilanti’s most sought-after investment corridors. Located just minutes from Eastern Michigan University and Downtown Ypsi’s growing cultural and dining scene, this property presents an outstanding opportunity for both seasoned investors and those entering the multifamily market. Each of the four units is currently leased, generating immediate rental income with long-term upside. The building features numerous capital improvements including a new boiler system, durable vinyl siding, and Trex composite decking that ensures low maintenance and curb appeal. Many units have been updated with fresh finishes, offering clean and functional living spaces while still leaving room for future value-add potential. Tenants enjoy a common secured front entry, shared on-site laundry, and private parking, a rare commodity in the area. The full basement features glass block windows and is prepped for finishing, ideal for additional storage, a shared lounge space, or future expansion. Above, a spacious walk-up attic offers even more room for future development—whether additional units, creative loft space, or enhanced storage options. A detached garage provides extra storage for maintenance tools, seasonal items, or additional revenue possibilities. Located on a quiet, residential street just blocks from EMU, Depot Town, and expressways, this property is in a high-demand rental area with strong tenant retention. All units are occupied; please do not disturb tenants. Private tours are available by appointment only through the listing agent. Whether you’re looking to expand your portfolio or secure a cash-flowing property in a vibrant college town, 115 College Place is a rock-solid opportunity with multiple avenues for future growth.Show Description

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MLS® Number20250034364

Laundry LevelLaundry Room

Central VacNo

FireplaceNo

Acreage

ExteriorLighting, Private Entrance

GarageYes

Approx. Age1914

BasementBath Stubbed, Full, Unfinished, Walk Up Access

DrivewayOne Car Garage

Garage Spaces

HeatNatural Gas, Radiant

A/CCeiling Fans

Heating Fuel

Extras

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