1315 Knollwood Avenue

Lansing, MI 48906 / Knollwood Park

MLS ID# 246321 Active

$89,000


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Description

Great investment opportunity! Nice cash flowing 3 unit in North Lansing area. The main unit covers the mortgage by itself. When fully rented property has a total gross rents of $1660 per month. 2 of the units are currently rented. Third unit to be r... show more

Contract Info

  • Status Active
  • Street # 1315
  • Street Name Knollwood
  • Suffix Avenue
  • City Lansing
  • State MI
  • Zip Code 48906
  • Zip +4 6705
  • School District Lansing
  • Key CMBO
  • TownshipTax Authority Lansing City
  • County Ingham
  • Subdivision Knollwood Park
  • Legal KNOLLWOOD PK, GLENDALE PL, ASSESSOR NO 15
  • Directions WILLOW & PINE W TO KNOLLWOOD, N TO PROPERTY

General Property Info

  • Building 1 Description 1315 Knollwood Ave
  • # of Units 3
  • Year Built 1885
  • SqFt - Above Appx 1157
  • Parking Total 4
  • Lot Dimensions 44x160
  • Lot Acres 0.16

Tax Info

  • State Eq Value 28700
  • Taxes 2201
  • Tax Year 2019
  • Parcel # 01-01-08-282-271
  • Taxable Value 24864
  • Zoning Residential

Compensation Info

  • Sub Agency Fee 0
  • Broker Agency Fee 3

Details

  • Annual Inc & Expense

    Gross Rent 19680 , Tax Expense 2537.96
  • Unit 1

    Unit Upstairs , Baths 1 , Monthly Income 520 , Tenant Name Vacant
  • Unit 2

    Unit Main - 1st Floor , Baths 1 , Monthly Income 720 , Tenant Name Ashely Tanner , Expire Date 2020-09-30
  • Unit 3

    Unit Efficiency - 1st Fl , Baths 1 , Monthly Income 420 , Tenant Name Vacant
  • Misc Business Info

    # Parking 4
  • Basement

    Full
  • Exterior

    Wood Siding
  • Driveway

    Concrete , Dirt , Gravel
  • Water

    Public
  • Sewer

    Public Sewer
  • Roof

    Shingle
  • Garage

    No Garage
  • Heating

    Forced Air - Gas
  • Water Heater

    Gas Natural
  • Land & Acreage

    Up to 1/4 Acre
  • Type

    Two Story
  • Terms

    Cash , Conventional
  • Showing

    Showing Time

Local Information (click to view details)

Neighborhood noise levels

Map of this property's surrounding noise levels

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This listing was last updated on 2020-06-24T16:48:47Z