830 Gates Avenue Active Save Request In-Person Tour Request Virtual Tour
Ypsilanti,MI 48198 6150
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 850 sqft
Price per Sqft $261
Subdivision South Devonshire
MLS Listing ID 60921779
Style 1 Story
Bedrooms 3
Full Baths 1
Abv Grd Liv Area 850
Year Built 1966
Annual Tax Amount $4,963
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 120 X 140 X 120 X 140
Property Sub-Type Single Family
Property Description
INVESTOR-READY | TURNKEY INCOME PROPERTY – MLS ONLY LISTING (Contact Property Manager Directly) Perfect for both seasoned and first-time investors, this fully renovated all-brick ranch features 3 bedrooms, 1 bathroom, and is currently tenant-occupied under a month-to-month lease. The reliable tenant has resided in the property for over 3 years, paying $1,850/month through a State of Michigan Section 8 program, and is eager to remain - making this a seamless, cash-flowing, turnkey opportunity from day one. The home has been thoughtfully updated throughout, featuring new flooring, fresh paint, updated fixtures, and a refinished jetted Jacuzzi tub. The kitchen and bathroom boast new faucets, and some new windows in the living room enhance both natural light and energy efficiency. Major mechanical systems have also been upgraded, including a newer furnace, central air, electrical system, and stylish black appliances (stove, microwave, and refrigerator). Enjoy a large, fully fenced backyard and a well-maintained lawn - perfect for tenant outdoor use - with a private driveway offering off-street parking. Located near major freeways, shopping, and public transit, this property offers convenience and long-term rental appeal. Property is being sold as-is and does not have a basement. Investors should allow 24–48 hours for showings. Cap rate supports pricing based on stable, government-backed rental income. Investor financing available through Chandra Lake, Licensed Mortgage Loan Officer (NMLS# 1878842), NEXA Mortgage. BATVAI.
Location
State MI
County Washtenaw
Area Ypsilanti Twp (81020)
Interior
Heating Forced Air
Appliance Microwave,Range/Oven,Refrigerator
Exterior
Garage No
Building
Story 1 Story
Foundation Slab
Water Public Water
Architectural Style Ranch
Structure Type Brick
Schools
School District Ypsilanti Public School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,Conventional Blend