200 S Fairview Avenue

Lansing, MI 48912 / None

MLS ID# 262362 Closed

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Closed $80,000

2 units

1 parking spaces

sqft

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• Description
• Location & Legal Info
• General Property Info
• Tax Info
• Compensation Info
• Details

Description

Great Investment opportunity as a two unit multi-family dwelling, however could easily revert back to a single family home. Currently, one unit on second story, one unit on main floor. Both units have two bedrooms, and one bathroom. Roof, and drainage work around perimeter, as well as new driveway, has been done in the last couple of years. Both units can access the basement for laundry. Both current tenants have been there for over 10 years, have leases through 7/30/22, and would like to stay. Subject to tenant rights. Great Investment opportunity as a two unit multi-family dwelling, however could easily revert back to a single family home. Currently, one unit on second story, one unit on main floor. Both units have two bedrooms, and one bathroom. Roof, and draina... show more

Location & Legal Info

• Street # 200
• Street Direction S
• Street Name Fairview
• Suffix Avenue
• City Lansing
• State MI
• Zip Code 48912
• School District Lansing
• Key CBX
• TownshipTax Authority Lansing City
• County Ingham
• Subdivision None
• Legal LOT 134 & S 11 FT LOT 133 LESLIE PARK SUB
• Directions 127 N to Michigan Ave W, to Fairview S to home

General Property Info

• Building 1 Description Residential Home
• # of Units 2
• Year Built 1918
• Above Grade Finished Area 1514
• Living Area Source Estimated
• Parking Total 2
• Lot Size Dimensions 48x124
• Lot Acres 0.13

Tax Info

• State Eq Value 52800
• Taxes 4002
• Tax Year 2020
• Parcel # 33010114302311
• Taxable Value 49381
• Zoning Multi-Family

Compensation Info

• Buyer Agency Compensation 2.50%
• Sub Agency Compensation 0.00%

Details

• Annual Inc & Expense

  Gross Rent:1200, Tax Expense:4002, Insurance:600

• Unit 1

  Unit:Upstairs, Baths:1, Monthly Income:600, Finished SqFt:757, Expire Date:2022-07-31

• Unit 2

  Unit:Main Floor, Baths:1, Monthly Income:600, Finished SqFt:757, Expire Date:2022-07-31

• Laundry Features

  In Basement

• Basement

  Interior Entry

• Exterior

  Aluminum Siding

• Exterior Features

  Storage

• Parking Features

  Garage Spaces:1, Detached

• Fencing

  Chain Link

• Water Source

  Public

• Sewer

  Public Sewer

• Heating

  Forced Air, Natural Gas

• Cooling

  Exhaust Fan

• Land & Acreage

  Up to 1/4 Acre

• Levels

  Two

• Terms

  Cash, Conventional

• Showing Requirements

  24 Hour Notice, Showing Time, Sign on Property