427 Ballard Street
Ypsilanti, MI 48197

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Description

Exceptional investment opportunity at 427 Ballard in Ypsilanti. This licensed 14-room boarding house offers strong income potential in a high-demand rental area near Eastern Michigan University, Depot Town, downtown Ypsilanti, and major commuter routes.The property features fourteen individual rentable rooms, a shared kitchen, and shared bathrooms conveniently located on each level. The layout is functional and well-suited for room-by-room leasing, providing consistent occupancy opportunities. Common areas are designed for practical daily use, and the structure offers solid fundamentals for continued rental operation.Situated in an established neighborhood with close proximity to public transportation, campus amenities, dining, and shopping, this property appeals to students, workforce tenants, and long-term room renters alike.Whether you are looking to expand your rental portfolio or acquire a turnkey income-producing property in the Ypsilanti market, 427 Ballard presents a compelling opportunity.Serious investors with proof of funds/ commercial pre-approval - inquire for financials and current occupancy details.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Washtenaw County
• Zip Code: 48197
• Year Built: 1894
• Subdivision/Neighborhood: Ypsilanti City
• School District: Ypsilanti
• Basement: Yes
• Lot Size: 11326 sq ft lot
• Construction Materials: Aluminum Siding, Vinyl Siding
• Directions: S Forest to N on Ballard
• Gross Income: 58800
• Heat Source: Natural Gas
• Heating: Baseboard, Forced Air
• Lot Size Area: 0.26
• Lot Size Square Feet: 11325.6
• Lot Size Units: Acres
• MLS Area Major: Ann Arbor/Washtenaw - A
• MLS Area Minor: Ann Arbor/Washtenaw - A
• Main Type: Multi Family
• Parcel Number: 111140113019
• Road Frontage: 76
• SEV: 175500
• Street Type: Paved
• Tax Annual Amount: 8687
• Tax Legal Description: *OLD SID - 11 11-424-029-00 YP CITY 43W-28 LOT 29 AND N 10 FT OF LOT 30NORMAL SCHOOL ADDITION. 427 BALLARD
• Total Approx Sq Ft All Bldgs: 3282
• Total Num Units: 14
• Township: Ypsilanti City
• Water Source: Public