115 College Place, Ypsilanti, Michigan 48197

$450,000

Property Details

MLS#: 20261020203
Bedrooms: N/A
Bathrooms: 4
Square Feet: 3,076
Price per Sqft: $146
Lot Size: 0.14 acres
Year Built: 1914
Property Type: ResidentialIncome
Status: Active
Days on Market: 13

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. Three of the 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.

Location

This property is located in Ypsilanti, Michigan. Ypsilanti is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 115 College Place?

115 College Place is listed at $450,000, or $146 per square foot.

How many bedrooms does 115 College Place have?

This property has N/A bedrooms and 4 bathrooms, with 3,076 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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