1606 Coleman Avenue

Lansing, MI 48910 / Park Place

MLS ID# 260684 Active

$180,000

sqft


Description

Great opportunity for cash flowing asset. Property is near fast growing REO Town in Lansing. Fully rented, this property could bring in $3250 a month or more! Licensed until 2022. Property has lots of renovations and is always easy to rent. 1 unit... show more
  • Status Active
    • Street # 1606
    • Street Name Coleman
    • Suffix Avenue
    • City Lansing
    • State MI
    • Zip Code 48910
    • Zip +4 1400
    • School District Lansing
    • Key CBX
    • TownshipTax Authority Lansing City
    • County Ingham
    • Subdivision Park Place
    • Owner Name KW
    • Legal N 42 FT OF S 73 FT LOTS 1 & 2 BLOCK 3 PARK PLACE
    • Directions Moores River Drive and S Washington, West of Moores River Drive, South on Coleman to home on West of street

    General Property Info

    • Building 1 Description 2 story home
    • # of Units 5
    • Year Built 1905
    • Above Grade Finished Area 2832
    • Living Area Source Assessor
    • Parking Total 6
    • Access Code Combo
    • Lot Size Dimensions 42 x 132
    • Lot Acres 0.25
    • Elementary School District Lansing

    Tax Info

    • State Eq Value 62100
    • Eq Year 2021
    • Taxes 4157.48
    • Tax Year 2020
    • Parcel # 33-01-01-21-377-131
    • Additional Parcels No
    • Taxable Value 54223
    • Taxable Value Year 2021
    • Zoning Multi-Family

    Details

    • Annual Inc & Expense

      Gross Rent 37200 , Water/Sewer Expense 4488 , Tax Expense 4157.48
    • Unit 1

      Unit 1 , Baths 1 , Monthly Income 650 , Expire Date 2022-05-31
    • Unit 2

      Unit 2 , Baths 1 , Monthly Income 500 , Expire Date 2022-02-28
    • Unit 3

      Unit 3 , Baths 1
    • Unit 4

      Unit 4 , Baths 1 , Monthly Income 650 , Expire Date 2022-05-31
    • Laundry Features

      None
    • Lot Features

      City Lot
    • Unit Information

      Registered/Licenses yes , License/Register Exp 2022-06-01 , # Written Leases 4
    • Basement

      Concrete
    • Foundation Details

      Brick/Mortar
    • Exterior

      Vinyl Siding
    • Parking Features

      Gravel , Off Street
    • Fencing

      None
    • Water Source

      Public
    • Sewer

      Public Sewer
    • Roof

      Shingle
    • Road Frontage Type

      City Street
    • Road Surface Type

      Asphalt
    • Heating

      Natural Gas
    • Cooling

      None
    • Water Heater

      Electric Water Heater
    • Flooring

      Carpet , Vinyl , Wood
    • Land & Acreage

      Up to 1/4 Acre
    • Levels

      Two
    • Terms

      Conventional , FHA
    • Showing Requirements

      Combination Lockbox , Occupied , Showing Time
    • Showing Days

      Sunday , Monday , Tuesday , Wednesday , Thursday , Friday , Saturday
    • Disclosures

      Lead Based Paint , Sellers Disclosures


    This listing was last updated on 2021-10-26T19:23:27Z