• 1436 E Michigan Ave - 1436 E Michigan Ave, Ypsilanti, MI 48198

For Sale

Office
Retail

For Sale

This property is available for sale
2,000
SF
$110,900
Sale Price
  • Year Built
    1960
  • Overview

    BUILDING WITH PAYING TENANTS.......2 BUILDINGS THAT ARE CURRENTLY BEING RENTED, THE FIRST IS A BARBER SHOP WITH A REMODELED BATHROOM WITH A DOUBLE SINK AND CUSTOM CABINETS AND A BASEMENT AND CURRENTLY BEING LEASED FOR $620 A MONTH, THE SECOND IS A BUILDING CURRENTLY BEING LEASED TO A CHURCH BEING LEASED WITH NEW FRONT FLOORS AND CARPET FOR $950 A MONTH, TENANTS ARE UP TO DATE WITH RENT AND SELLER HAS NO PROBLEMS WITH THEM. THE BARBER SHOP HAS TENANTS WITH A 10 YEAR CONTRACT AND THE CHURCH HAS A 5 YEAR CONTRACT THAT MUST BE HONORED BY NEW OWNER(S). BOTH BUILDINGS ARE ON THE SAME TAX RECORD AND CAN'T BE SEPARATED. TENANTS ARE RESPONSIBLE FOR THE WATER BILL AND FOR PICKING UP THEIR OWN TRASH. FRONT TENANT IS RESPONSIBLE FOR THE LAWN AND IS REFLECTED IN THE RENT

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Property Details

BUILDING WITH PAYING TENANTS.......2 BUILDINGS THAT ARE CURRENTLY BEING RENTED, THE FIRST IS A BARBER SHOP WITH A REMODELED BATHROOM WITH A DOUBLE SINK AND CUSTOM CABINETS AND A BASEMENT AND CURRENTLY BEING LEASED FOR $620 A MONTH, THE SECOND IS A BUILDING CURRENTLY BEING LEASED TO A CHURCH BEING LEASED WITH NEW FRONT FLOORS AND CARPET FOR $950 A MONTH, TENANTS ARE UP TO DATE WITH RENT AND SELLER HAS NO PROBLEMS WITH THEM. THE BARBER SHOP HAS TENANTS WITH A 10 YEAR CONTRACT AND THE CHURCH HAS A 5 YEAR CONTRACT THAT MUST BE HONORED BY NEW OWNER(S). BOTH BUILDINGS ARE ON THE SAME TAX RECORD AND CAN'T BE SEPARATED. TENANTS ARE RESPONSIBLE FOR THE WATER BILL AND FOR PICKING UP THEIR OWN TRASH. FRONT TENANT IS RESPONSIBLE FOR THE LAWN AND IS REFLECTED IN THE RENT

  • Property Type
    Office, Retail
  • Year Built
    1960
  • Sale Price
    $110,900
  • Total Building Size
    2,000RSF
  • Property ID
    501381

Landlord's Sales Representative

  • Darlene Lewis
    CENTURY 21 Premier