1236 Holmes Rd Ypsilanti, MI 48198
Property details
About 1236 Holmes Rd
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 onlybe allowed after an offer is accepted with listing agent present.
Highlights
Summary
- MLS Number: 81025005632
- MLS Name: Greater Metropolitan Association of REALTORS
- Office Name: Real Estate One
- Office Phone: (734) 662-8600
- Listing Agent: Aleksandr Milshteyn, Guillermo Fleuruqin
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Last updated on: 2/22/2025, 10:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$865,000
1236 Holmes Rd
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 08, 2021 | Home Sold | $419,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $233,200 | $- |
| 2023 | $205,400 | $- |
| 2022 | $165,400 | $- |
| 2021 | $160,500 | $- |
| 2020 | $131,800 | $- |
| 2019 | $127,600 | $- |
| 2018 | $123,000 | $5,742 |
| 2017 | $110,700 | $5,597 |
History based on county public records data.
Nearby schools
1
Holmes Elementary School
Public District 2-5
0.1 mi
•1255 Holmes Rd
3
Global Tech Academy
Public Charter PK-6
0.7 mi
•1715 E Forest Ave
3
Ypsilanti International Elementary School
Public Magnet PK-5
0.8 mi
•503 Oak St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $35,530. The majority of Ypsilanti, MI residents have income less than $<35k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Pro Wrestling- UFC
Where do the neighbors shop?
Burlington
Family Dollar
Forever 21
Where do the neighbors go to eat?
Popeyes
Cicis Pizza
Burger King
What do the neighbors drive?
Dodge
Pontiac
Buick
What do the neighbors listen to?
Urban Contemporary
Jazz
Rhythmic Contemporary Hits
This home is located at 1236 Holmes Rd in Ypsilanti, MI and zip code 48198. Features: 0 bathroom. It has been listed on Rocket Homes since February 14, 2025 and is currently priced at $865,000.
While more than 12 listings in Ypsilanti, MI in January 2025 were sold above asking price, there were more than 9 listings sold at asking price, and more than 24 were sold below. In January 2025 in Ypsilanti, MI there were 1.2% more homes for sale than in December. Listings spent 40 days on the market in January 2025, and had a median list price of $280,918 during the same period.