716 W Shiawassee Street

Lansing, MI 48915 / Claypool

MLS ID# 255819 Active

$154,900



Description

3 Unit $2100 Gross CASH FLOW. Great opportunity for a fully rented 3 unit in Lansing. Close to colleges, bus routes and highway. Stable tenants already in place. One 1 bed apt with 2 baths and private laundry ($800). One 1 bed upstairs ($675) and... show more

Contract Info

  • Status Active
  • Street # 716
  • Street Direction W
  • Street Name Shiawassee
  • Suffix Street
  • City Lansing
  • State MI
  • Zip Code 48915
  • Zip +4 2805
  • School District Lansing
  • Key CBX
  • TownshipTax Authority Lansing City
  • County Ingham
  • Subdivision Claypool
  • Legal W 2 R OF E 2 1/2 R LOT 2 BLOCK 2 CLAYPOOL SUB
  • Directions Saginaw to Sycamore South, N on St.

General Property Info

  • Building 1 Description Residential
  • # of Units 3
  • Year Built 1900
  • Parking Total 4
  • Lot Dimensions 33x198
  • Lot Acres 0.15

Tax Info

  • State Eq Value 44700
  • Taxes 3423.14
  • Tax Year 2019
  • Parcel # 33-01-01-17-232-151
  • Taxable Value 39245
  • Zoning Residential

Compensation Info

  • Sub Agency Fee 0
  • Broker Agency Fee 3

Details

  • Annual Inc & Expense

    Gross Rent 25200 , Water/Sewer Expense 400 , Tax Expense 3342 , Electricity 1600 , Less Fuel 960
  • Unit 1

    Unit 1 , Baths 2 , Monthly Income 800 , Finished SqFt 909
  • Unit 2

    Unit 2 , Baths 1 , Monthly Income 675 , Finished SqFt 577
  • Unit 3

    Unit 3 , Baths 1 , Monthly Income 625 , Finished SqFt 228
  • Unit Information

    Registered/Licenses Yes , License/Register Exp 2021-11-01 , # Deposits 3 , # Written Leases 3
  • Misc Business Info

    # Parking 4 , Parking Surface Concrete , Roof Type Shingles

    Zoning

    Multi
  • Basement

    Concrete , Daylight , Michigan
  • Exterior

    Vinyl Siding
  • Sewer

    Public Sewer
  • Roof

    Shingle
  • Heating

    Forced Air , Natural Gas
  • Land & Acreage

    Up to 1/4 Acre
  • Terms

    Cash , Conventional , FHA , MSHDA , VA Loan


This listing was last updated on 2021-06-23T09:25:09Z