408 N Hamilton Street, Ypsilanti, MI 48197
Local realty services provided by:CENTURY 21 Signature Realty
408 N Hamilton Street,Ypsilanti, MI 48197
- - Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: eric miller
Office: re/max complete
MLS#:20251041154
Source:MI_REALCOMP
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Price summary
- Price:
About this home
Fantastic investment opportunity! This fully occupied triplex generates $40,680 in annual gross rental income with three long-term tenants in place. 2 of the tenants have been in the house for over 15 years and the other tenant has occupied the upstairs for over 5. Tenants pay all utilities. 2 units just renewed for another 12months to February 2027! The third unit plans on renewing their lease in April 2026 for an additional 12 months.
The main floor unit offers 3 bedrooms, 1 full bath, a spacious kitchen, hardwood floors, and a bright sunroom, heated with a forced-air furnace. The upper unit features 2 bedrooms, 1 bath, and a large living room, heated by a boiler system. The basement unit includes 1 bedroom, 1 full bath, and a full kitchen, with heat provided by a wall unit.
Each unit has separate electrical meters and individual hot water tanks. Additional features include a detached garage for storage, a shared basement laundry room, and a shared driveway with ample parking for all three units.
Located within walking distance to Eastern Michigan University, this property combines stable income, strong rental demand, and a highly desirable location....
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Home facts
- Year built:1929
- Listing ID #:20251041154
- Added:182 day(s) ago
- Updated:March 19, 2026 at 06:47 AM
Rooms and interior
- Total bathrooms:3
- Full bathrooms:3
- Basement Description:Daylight, Finished, Full, Walk-Out Access
Heating and cooling
- Cooling:Ceiling Fans
- Heating:Baseboard, Forced Air, Natural Gas, Wall Furnace
Structure and exterior
- Roof:Asphalt
- Year built:1929
- Architectural Style:Triplex
- Construction Materials:Stucco, Wood Siding
- Exterior Features:Covered, Lighting
- Foundation Description:Basement, Block
- Levels:Two
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:
- Tax amount:$11,352
Features and amenities
- Laundry features:Common Area, Laundry Room
- Amenities:High Speed Internet
Parking
- Total parking spaces:5
- Parking description:Garage, Shared Driveway
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