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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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108 N Wallace Boulevard , Ypsilanti, MI 48197
$399,900
Est. Payment: $888.67/mo
0 Bed
2 Bath
0 Sqft
Status: Active | Days on site: 27
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House Description

Charming 1930s duplex offering historic character, extensive updates, and a prime location on a tree-lined street in Ypsilanti's sought-after Normal Park neighborhood! Just blocks from schools, parks, and the EMU campus, this turn-key investment property combines timeless charm with the modern conveniences tenants (and landlords!) appreciate. Major recent improvements include a new 30-year roof, new porch, HVAC, windows, drainage, and tankless water heater. Both units are currently leased through summer 2027, generating combined rents of $3,750/month, with residents responsible for all utilities. The main-level unit welcomes you into a spacious formal dining room open to a generous living room with a bay window and wood-burning fireplace. The renovated kitchen provides ample cabinet and counter space, stainless steel appliances, and a convenient breakfast/storage nook. Two generous bedrooms, including one with French doors, share a full bathroom. Upstairs, the second unit features a spacious combined living and dining room with glowing wood floors and a generous kitchen. One bedroom with French doors offers flexibility as a family room or additional living space, while a cozy office or dining area leads to the second bedroom. A full bathroom completes this unit. Each residence enjoys private front and rear entrances, while a full unfinished basement provides shared full-size laundry and additional storage. Outside, enjoy a large private yard shaded by mature trees and a shared two-car garage accessed from the alley. With tenants already in place and the major improvements completed, this is an ideal opportunity to add a turn-key rental to your portfolio. Prefer to owner-occupy while rental income helps offset your mortgage? One tenant is open to a lease buyout, offering additional flexibility for the next owner. Don't miss this rare opportunity to own a turn-key income property in one of Ypsilanti's most desirable neighborhoods - schedule your private showing today! 48-hour notice required for showings. Sale subject to tenant's rights.

Highlights

Listed by Aleksandr Milshteyn , 734-417-3560 and Guillermo Fleurquin , 734-276-1701 Real Estate One Inc , 734-662-8600.

Property Type

Multi-Family

Lot/Acreage
0.18

Year Built

1936

County

Washtenaw

Neighborhood

Normal Park

School District

Ypsilanti

Listing ID

26043925

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Basement:Full

Exterior Features

Lot:Level,Sidewalk
Garage Capacity:2
Roof:Composition
Principal Interest
$889
Taxes
$989

Home Price

$399,900

Loan Details

30 yrs
%

Down Payment

20%
$79,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$888.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $888.67 $988.77 $0.00 $1,877.44
Yearly $10,664.00 $11,865.28 $0.00 $22,529.28
Total $319,920.00 $355,958.40 $0.00 $675,878.40

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Ypsilanti, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.