225 Shepard Street

Lansing, MI 48912 / None

MLS ID# 247606 Active

$110,000


Map Layers

Description

HUGE Opportunity to acquire a cash flowing 3 unit investment in the derirable East Side Neighborhood. Two 1 bedroom apartments are upstairs with a large 2 bedroom on the main floor. Separate gas meters and electric meters for each unit! Two tiled sh... show more

Contract Info

  • Status Active
  • Street # 225
  • Street Name Shepard
  • Suffix Street
  • City Lansing
  • State MI
  • Zip Code 48912
  • Zip +4 2797
  • School District Lansing
  • Key CBX
  • TownshipTax Authority Lansing City
  • County Ingham
  • Subdivision None
  • Legal LOT 36 BLOCK 3 ASSESSORS PLAT NO 16
  • Directions OFF MICHIGAN, BETWEEN PENN AND CLEMENS, SOUTH ON SHEPARD TO HOME ON EAST OF ROAD

General Property Info

  • Building 1 Description 3 UNIT
  • # of Units 3
  • Year Built 1919
  • SqFt - Above Appx 1920
  • Parking Total 4
  • Lot Dimensions 38.5x127.88
  • Lot Acres 0.11

Tax Info

  • State Eq Value 38600
  • Taxes 2588.06
  • Tax Year 2020
  • Parcel # 33-01-01-15-432-091
  • Taxable Value 29540
  • Zoning Residential

Compensation Info

  • Sub Agency Fee 3
  • Broker Agency Fee 3

Details

  • Annual Inc & Expense

    Gross Rent 1535 , Tax Expense 2588.06
  • Unit 1

    Unit 1st Floor , Baths 1 , Monthly Income 575 , Finished SqFt 800
  • Unit 2

    Unit 2nd Floor , Baths 1 , Monthly Income 485 , Finished SqFt 600 , Tenant Name Vacant
  • Unit 3

    Unit 2nd Floor Rear , Baths 1 , Monthly Income 475 , Finished SqFt 300
  • Misc Business Info

    # Parking 4
  • Basement

    Daylight Windows , Full
  • Exterior

    Aluminum Siding
  • Driveway

    Concrete
  • Water

    Public
  • Sewer

    Public Sewer
  • Roof

    Shingle
  • Garage

    2 Car , Detached
  • Heating

    Forced Air - Gas
  • Water Heater

    Gas Natural
  • Land & Acreage

    Up to 1/4 Acre
  • Type

    Two Story
  • Terms

    Cash , Conventional
  • Showing

    24 Hour Notice , Combo , Sign on Property , Tenant , Vacant , Showing Time

Local Information (click to view details)

Neighborhood noise levels

Map of this property's surrounding noise levels

Data provided by HowLoud




This listing was last updated on 2020-08-12T17:53:13Z