625 N Adams Street
Ypsilanti, MI 48197
Single Family Residence · MLS # 81026049779 · Listing courtesy of Good Company
About this home
Live in one, rent the other, and let your home help pay for itself!! Welcome to 625 N Adams, a two-unit home in the heart of Ypsilanti, just minutes from Depot Town, downtown Ypsi, EMU, and WCC. Whether you're a first-time buyer looking for a smarter way into homeownership or an investor ready to grow your portfolio, this one checks every box. The front unit, a bright 2 bedroom, 1 bath home, will be vacant by the end of November and ready for you to move in and make it your own. Behind it, the second 2 bedroom, 1 bath unit is occupied by an excellent long-term tenant, providing steady rental income from day one to offset your mortgage. Live close to the coffee shops, restaurants, farmers market, and community spirit that make Ypsi so special, while your tenant helps you build wealth. Opportunities like this don't come around often.Updates include, new water heaters in both units (2024), new washer & dryer in unit 2 (2026)Showings are subject to tenants' rights ??? 48 hours notice required. Contact agent directly to arrange showings. Seller is a licensed agent in the State of Michigan.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Ypsilanti
Over the last 90 days, 215 homes sold in Ypsilanti for a median of $300,000, about $182 per square foot, and the typical one went under contract in 15 days. This home is listed at $275,000, or $158 per square foot, 13% below the city median, and has been on the market 39 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Ypsilanti sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $8,387 a year. A buyer who lives here would pay about $6,707 to $8,790 a year once the taxable value resets after the sale, at the 2025 homestead rate of 63.29 mills for Ypsilanti City and Ypsilanti schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Ypsilanti
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