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115 COLLEGE Place, 
Ypsilanti, MI 48197

$500,000


Bed


6

Baths


3,076

Sq Ft


Multi-Family

Active

Listed by

Joshua A Dillon

J Dillon Realty

734-777-4448

Last updated:

May 20, 2025, 10:02 AM

MLS#

20250034364

Source:

MI REALCOMP

About This Home

115 COLLEGE Place

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. Each of the four units is 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. All 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.

Home Facts

Multi-Family

6 Baths

Built in 1914

Price Summary

500,000

$162 per Sq. Ft.

MLS #:

20250034364

Last Updated:

May 20, 2025, 10:02 AM

Added:

6 day(s) ago


Rooms & Interior

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

3,076 Sq. Ft.


Structure

Structure

Architectural Style:

Colonial

Year Built:

1914


Finances & Disclosures

Finances

Price:

$500,000

Price per Sq. Ft:

$162 per Sq. Ft.

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