32-42 N. Huron is aretail property for lease in Ypsilanti, MI.
10,276 sf two story building located in the heart of Downtown Ypsilanti. Four commercial/office suites on the first floor. Six residential suites on the second floor.
- 3 of 4 Commercial units and 5 of 6 apartments have wood flooring.
- Laundry room on second floor is income producing.
- Privately owned parking lot at the rear of the building.
2016 PROJECTED INCOME:
6 apartments (all occupied) - $3,500/month
42 N. Huron suite - $850/month (projected)
40 N. Huron suite - $850/month
36 N. Huron suite - $1200/month
32 N. Huron suite - $1360/month (5 year average)
2016 ESTIMATED EXPENSES:
Property taxes - $14,538 (post sale according to City of Ypsilanti)
Utilities - $3,366
Maint/trash - $4,468
Insurance - $2,220
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- Kelly Higgs, agent and Rofo Pro