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Jim Blehm

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

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115 College Pl , Ypsilanti, MI 48197
$415,000
Est. Payment: $2,137.04/mo
0 Bed
4 Bath
0 Sqft
Status: pending | Days on site: 95
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jim Blehm
Team Owner, Realtor®

House Description

Investment Opportunity in the Heart of Ypsilanti – 4-Unit MultifamilyWelcome 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.All four units are 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.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.

Highlights

Listed by Joshua A Dillon , 734-777-4448 J Dillon Realty , 734-777-4448. MichRIC

Property Type

Multi-Family

Lot/Acreage
0.14

HOA Fee

Year Built

1914

County

Washtenaw

Neighborhood

Ypsilanti City

School District

Ypsilanti

Listing ID

20261020203

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:4
  • Full Bathrooms:
Other:Public

Exterior Features

Lot:Sidewalk
Principal Interest
$2,137
Taxes
$657
HOA
$0

Home Price

$415,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$83,000
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:
$2,137.04

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,137.04 $656.83 $0.00 $2,793.87
Yearly $25,644.48 $7,882.00 $0.00 $33,526.48
Total $769,334.47 $236,460.00 $0.00 $1,005,794.47
Lender profile image
Brian Belinger
Loan Originator
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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.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

© 2026 MichRIC