228 S Pennsylvania Avenue

Lansing, MI 48912 / None

MLS ID# 261059 Closed

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Closed $72,500

2 units

4 parking spaces

sqft

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

Description

Take a look at this long term money maker that is part of a large portfolio of rental homes being sold. The home is in good condition with a newer roof and two solid tenants. The home has passed a City of Lansing home inspection and has a current rental license. All utilities are separate, including water which is quite rare, and paid for by the tenants. At least 48 hour notice is required for showings and the tenants may be present. Take a look at this long term money maker that is part of a large portfolio of rental homes being sold. The home is in good condition with a newer roof and two solid tenants. The home has passed a City of Lansing home inspection and has a current r... show more

Location & Legal Info

• Street # 228
• Street Direction S
• Street Name Pennsylvania
• Suffix Avenue
• City Lansing
• State MI
• Zip Code 48912
• School District Lansing
• Key CMBO
• TownshipTax Authority Lansing City
• County Ingham
• Subdivision None
• Legal LOT 11 & ADJ PARTS VAC S PENNSYLVANIA AVE, EXC W 33 FT AND ALSO EXC S 33 FT OF E 99 FT SAID LOT & PARTS SAID VAC STREET ADJ THERETO; BLOCK 8 GREEN OAK ADD
• Directions S Pennsylvania Avenue

General Property Info

• Building 1 Description Residential Multi Family
• # of Units 2
• Year Built 1895
• Above Grade Finished Area 1273
• Living Area Source Assessor
• Parking Total 4
• Lot Size Dimensions 33x66
• Lot Acres 0.13

Tax Info

• State Eq Value 31500
• Eq Year 2020
• Taxes 2100.58
• Tax Year 2020
• Parcel # 33-01-01-15-306-132
• Taxable Value 24488
• Taxable Value Year 2020
• Zoning Multi-Family

Compensation Info

• Buyer Agency Compensation 3.00%
• Sub Agency Compensation 0.00%

Details

• Annual Inc & Expense

  Gross Rent:12600, Tax Expense:2100, Maintenance:3600, Insurance:440

• Unit 1

  Unit:228 S. Pennsylvania, Baths:1, Tenant Name:Peasley, Expire Date:2021-11-14

• Unit 1 Appliances

  Ranges:1, Refrigerators:1

• Unit 2

  Unit:228 1/2 S. Pennsylva, Baths:1, Tenant Name:Atterberry, Expire Date:2020-09-30

• Laundry Features

  None

• Lot Features

  City Lot

• Basement

  None

• Exterior

  Wood Siding

• Parking Features

  Additional Parking

• Water Source

  Public

• Sewer

  Public Sewer

• Roof

  Shingle

• Heating

  Forced Air, Natural Gas

• Cooling

  None

• Land & Acreage

  Up to 1/4 Acre

• Levels

  One and One Half

• Terms

  Cash, Conventional

• Showing Requirements

  Appointment Only, Occupied, Restricted Hours, Showing Time

• Showing Days

  Thursday