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148 S. PROSPECT ST.YPSILANTI, MI 48195 - Available Opportunity

Updated: Jan 30

Real Estate Investment Property


40-Unit Apartment Building - Investment Opportunity

Address: 148 S. Prospect St., Ypsilanti, MI 48195

Type: Multi-Family Residential

Units: 40

Bedrooms: 46

Bathrooms: 40

Occupancy: Fully Occupied

Asking Price: $2,225,000

Property Details:

This multi-family investment opportunity at 148 S. Prospect St., Ypsilanti, MI, features a fully occupied 40-unit apartment building. With a total of 46 bedrooms and 40 baths, this property is a solid income-generating asset.

Financial Overview:

  • Asking Price: $2,225,000

Residential Property Details:

The additional residential property is a 4-bed, 2.5-bath pool home located near Disney in Florida. As the original owner and investor since 2003, the property offers a unique investment opportunity with no rental restrictions.

Flexible Financing Options:

  1. 0% Down Option:

  • Purchase Price: $470,000

  • $40,000 Rebate for Down Payment, Closing Costs, Upgrades, and Furniture Package

  1. Owner Financing:

  • Purchase Price: $429,900

  • Down Payment: $110,000 to $130,000

  • Monthly Payments: $1,550 to $2,150 (plus insurance and taxes)

  1. Assume Mortgage:

  • 3.9% Interest Rate

  • Down Payment: Approximately $145,000 (Subject to lender approval)

  • Requirements: Good credit and income


A&R Development & Acquisitions

Eric Brinson, REALTOR and General Contractor

Mobile: 615-987-7897

*Note* You DO NOT have permission to market this property in anyway to anyone on any social media platforms, email, or direct to someone you know. You DO NOT have permission to mark up the property for your profit. If you know someone who may want to invest with us on this property contact directly to discuss. This is an off market investment opportunity.

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