108 N Wallace Blvd, Ypsilanti, MI 48197

$399,900

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List Price
$399,900
MLS#
81026043925
Status
ACTIVE
Subdivision
NORMAL PARK

Property Description

Charming 1930s duplex offering historic character, extensive updates, and a prime location on a tree-lined street in Ypsilanti's sought-after Normal Park neighborhood! Just blocks from schools, parks, and the EMU campus, this turn-key investment property combines timeless charm with the modern conveniences tenants (and landlords!) appreciate. Major recent improvements include a new 30-year roof, new porch, HVAC, windows, drainage, and tankless water heater. Both units are currently leased through summer 2027, generating combined rents of $3,805/month, with residents responsible for all utilities. The main-level unit welcomes you into a spacious formal dining room open to a generous living room with a bay window and wood-burning fireplace. The renovated kitchen provides ample cabinet and counter space, stainless steel appliances, and a convenient breakfast/storage nook. Two generous bedrooms, including one with French doors, share a full bathroom. Upstairs, the second unit features aspacious combined living and dining room with glowing wood floors and a generous kitchen. One bedroom with French doors offers flexibility as a family room or additional living space, while a cozy office or dining area leads to the second bedroom. A full bathroom completes this unit. Each residence enjoys private front and rear entrances, while a full unfinished basement provides shared full-size laundry and additional storage. Outside, enjoy a large private yard shaded by mature trees and a shared two-car garage accessed from the alley. With tenants already in place and the major improvements completed, this is an ideal opportunity to add a turn-key rental to your portfolio. Prefer to owner-occupy while rental income helps offset your mortgage? One tenant is open to a lease buyout, offering additional flexibility for the next owner. Don't miss this rare opportunity to own a turn-key income property in one of Ypsilanti's most desirable neighborhoods - schedule your private showing today! 48-hour notice required for showings. Sale subje

Additional Information

Site Description
Level
Year Built
1936
Basement Type
Full
Acres
0.18
Acres
0.18
School District
Ypsilanti
Cooling
Central Air
Heating
Forced Air, Natural Gas
Garage Description
Shared Driveway, Unpaved

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