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$840,000

  • Sold
  • Closed
  • Single Family
See This Home
Save This Home
See This Home
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Fantastic opportunity to expand your investment portfolio with this fully rented 7-unit apartment building with great proximity to Depot Town and EMU! This well-maintained building is set back from the road with plenty of parking for tenants and guests. Each unit has 2 bedrooms and 1 full bathroom furnished with refrigerator, range/oven, and wall air conditioner. Landlord pays for dumpster and water (single meter - most tenants charged an additional water fee) while the rest of the utilities are paid by the tenants. Shared coin-operated laundry machines are leased and provide additional income. Gross rents are currently $86,736/year with room to increase - see attachments for rent roll, proforma P&L, and additional information. Since all units are occupied, showings/inspections will only be allowed after an offer is accepted with listing agent present.

Full Property Details for 1236 Holmes Rd

General

  • Sold For: $840,000
  • Taxes: $12,131
  • Status: Closed
  • Type: Single Family
  • Source: SWMRIC_MLS
  • MLS ID: 25005632
  • Added to Site: 378 day(s) ago

Interior

  • Number of Fireplaces: 1

Parking

  • Total Spaces: 21
  • Parking Features: Paved

Location

  • Area: Ann Arbor/Washtenaw - A
  • County: Washtenaw
  • Cross Streets: Holmes and N. Ford
  • Driving Directions: South Side of Holmes Road Between Bagley Avenue and N. Harris Road

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall Unit(s)
  • Heating Type: Forced Air

Utilities

  • Utility Description: Phone Connected, Natural Gas Connected, Electricity Connected, Storm Sewer

Structural Information

  • # Buildings: 1
  • Construction: Brick
  • Basement: Yes
  • Year Built: 1968

Lot Features

  • Lot Size (Acres): 0.58
  • Lot Size (Sq. Ft.): 25,265
  • Frontage: Paved
  • Lot Features: Sidewalk
  • Zoning: RM-LD

Financial Considerations

  • Tax Amount: $12,131.14
  • Terms: Cash, Conventional
  • Landlord Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Water, Gas

Disclosures and Reports

  • Legal Description: COM AT E 1/4 COR SEC 3, TH S 88-42-10 W 1336.26', TH S 01-33-50 E 183.42' TO POB. TH S 01-33-50 E 256.58', TH S 88-42-10 W 99', TH N 01-33-50 W 256.58' TH N 88-42-10 E 99' TO POB. CONT .583 AC.
  • Property ID: K-11-03-400-009

Listed by Real Estate One, Aleksandr Milshteyn and Guillermo Fleuruqin
Sold by Real Estate One, Cepha Nixon

Listing agents

— 1236 Holmes Rd —

  • Aleksandr Milshteyn

    Real Estate One

  • Guillermo Fleuruqin

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1236 Holmes Rd

School District:Ypsilanti Community Schools
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1236 Holmes Rd

Date
Details
Price
Change
Source
3/25/2025
Sold
$840,000
-2.89%
MLS
2/14/2025
Listed
$865,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Real Estate One, Aleksandr Milshteyn and Guillermo Fleuruqin
Sold by Real Estate One, Cepha Nixon

1236 Holmes Road, Ypsilanti, MI 48198 (MLS# 25005632) is a Single Family property that was sold at $840,000 on March 25, 2025. Want to learn more about 1236 Holmes Road? Do you have questions about finding other Single Family real estate for sale in Ypsilanti? You can browse all Ypsilanti real estate or contact a Coldwell Banker agent to request more information.