UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 3,076 sqft
Subdivision College Place Add
MLS Listing ID 20261020203
Style Colonial
Full Baths 4
Year Built 1914
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type MultiFamily
Property Description
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.
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.
Location
State MI
County Washtenaw
Area Area04152Ypsilanti
Rooms
Basement Bath Stubbed, Full, Unfinished, Walk Up Access
Interior
Interior Features EntranceFoyer, ProgrammableThermostat
Heating Natural Gas, Radiant
Cooling Ceiling Fans
Fireplace No
Laundry LaundryRoom
Exterior
Exterior Feature Lighting, PrivateEntrance
Parking Features Garage, ParkingLot
Fence Fenced
Pool None
Community Features Sidewalks
Utilities Available AboveGroundUtilities
View Y/N No
Roof Type Asphalt
Garage true
Building
Foundation Basement, Block, SumpPump
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Ypsilanti
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Yes
Virtual Tour https://youtu.be/xVq3y-jRh0c
Nearby Locations
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