Listing provided courtesy of J Dillon RealtyMLS# 60981926MLS Provider
  • 83 days on site
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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. 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.

Source: Great Lakes Repository, MLS#: 60981926

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  • Property Type
    Residential Income
  • Lot
    0.14 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 115 College Place


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/18/2026Source: Great Lakes Repository Price Reduction
$415,000 -2.4%
5/31/2026Source: Great Lakes Repository Price Reduction
$425,000 -5.6%
5/14/2026Source: Great Lakes Repository Status Change
Active
4/27/2026Source: Great Lakes Repository Status Change
Accepting Backup Offers
4/13/2026Source: Great Lakes Repository Status Change
Closed
4/8/2026Source: Great Lakes Repository Added to Database
April 08, 2026
4/6/2026Source: Great Lakes Repository Price Reduction
$1,100 -8.3%
3/2/2026Source: Great Lakes Repository Price Increase
$1,200 9.1%
1/19/2026Source: Great Lakes Repository Price Reduction
$1,100 -8.3%
12/16/2025Source: Great Lakes Repository Added to Database
December 16, 2025