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427 Ballard St, Ypsilanti, MI, 48197

14beds
3baths
4,473sqft
$430,000
$96price/sqft
$3,351/moest. monthly cost
$134,040/yrincome needed

About This Home

Exceptional investment opportunity at 427 Ballard in Ypsilanti. This licensed 14-room boarding house offers strong income potential in a high-demand rental area near Eastern Michigan University, Depot Town, downtown Ypsilanti, and major commuter routes. The property features fourteen individual rentable rooms, a shared kitchen, and shared bathrooms conveniently located on each level. The layout is functional and well-suited for room-by-room leasing, providing consistent occupancy opportunities. Common areas are designed for practical daily use, and the structure offers solid fundamentals for continued rental operation. Situated in an established neighborhood with close proximity to public transportation, campus amenities, dining, and shopping, this property appeals to students, workforce tenants, and long-term room renters alike. Whether you are looking to expand your rental portfolio or acquire a turnkey income-producing property in the Ypsilanti market, 427 Ballard presents a compelling opportunity. Serious investors with proof of funds/ commercial pre-approval - inquire for financials and current occupancy details.

Getting Around

84
WalkingVery Walkable
55
TransitGood Transit
84
BikeVery Bikeable

Schools

--
3/10
Estabrook SchoolGrades 1-81.1 mi
2/10
AC Tech High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 1894

Materials

  • Foundation: Basement,Poured
  • Roof: Asphalt
  • Construction materials: Aluminum Siding,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Early American
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedrooms & Bathrooms

  • Bedrooms: 14
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Finished area below ground: 1,191
  • Finished area above ground: 3,282

Heating

  • Heating features: Baseboard,Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 4,473 sqft

Property

Details

  • Parcel number: 111140113019
  • Zoning description: MultiFamily
  • Special condition: Short Sale No,Standard
  • Exclusions: Exclusion(s) Do Not Exist

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Porch

Lot

  • Lot size: 0.26 Acres
  • Lot size dimensions: 76 x 151

Parking

  • Parking features: Garage,Parking Lot
  • Has garage: Yes