510 Park Street

Grand Ledge, MI 48837 / Lampsons

MLS ID# 275440 Active

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$350,000

3 units

6 parking spaces

sqft

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

Description

Investor's Dream! This impressive real estate opportunity at 510 Park Grand Ledge, MI 48837 boasts a versatile 3-unit property with excellent income potential. Each unit is separately metered for gas and electricity, ensuring tenants take care of their own utilities. Recent upgrades include a new roof and windows, offering worry-free ownership. Hardwood flooring adds a touch of elegance to the units. The convenience of 2 storage units enhances tenant satisfaction. With the sellers covering trash and water expenses, the gross rent of $2,750 provides a steady stream of income. All units are fully leased, making this a turnkey investment you won't want to miss. Seize this chance to expand your real estate portfolio today! Investor's Dream! This impressive real estate opportunity at 510 Park Grand Ledge, MI 48837 boasts a versatile 3-unit property with excellent income potential. Each unit is separately metered for gas and electricity, ensuring tenants take care of th... show more

Location & Legal Info

• Street # 510
• Street Name Park
• Suffix Street
• City Grand Ledge
• State MI
• Zip Code 48837
• Zip +4 1742
• School District Grand Ledge
• Key CBX
• TownshipTax Authority Grand Ledge City
• County Eaton
• Subdivision Lampsons
• Legal LOT 5 BLOCK 58 LAMPSONS ADDITION CITY OF GRAND LEDGE
• Directions Saginaw to Degroff to Lincoln to Park

General Property Info

• Building 1 Description Multi Family
• # of Units 3
• Year Built 1960
• Above Grade Finished Area 3744
• Living Area Source Assessor
• Parking Total 6
• Lot Size Dimensions 66x165
• Lot Acres 0.25

Tax Info

• State Eq Value 99000
• Eq Year 2023
• Taxes 4985
• Tax Year 2022
• Parcel # 23-400-061-658-050-00
• Taxable Value 99000
• Taxable Value Year 2023
• Zoning Multi-Family

Compensation Info

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

Details

• Annual Inc & Expense

  Gross Rent:2750

• Unit 1

  Unit:1 Lower, Baths:2.5, Monthly Income:1250, Expire Date:2024-09-01

• Unit 1 Appliances

  Dishwashers:1, Disposal:1, Dryers:1, Microwaves:1, Ovens:1, Ranges:1, Refrigerators:1, Washers:1

• Unit 2

  Unit:2 Upper, Baths:1, Monthly Income:750

• Unit 2 Appliances

  Disposal:1, Microwaves:1, Ovens:1, Ranges:1, Refrigerators:1

• Unit 3

  Unit:3 Upper, Baths:1, Monthly Income:750, Expire Date:2024-02-01

• Unit 3 Appliances

  Disposal:1, Microwaves:1, Ovens:1, Ranges:1, Refrigerators:1

• Laundry Features

  In Basement, In Unit

• Lot Features

  Back Yard, Front Yard

• Basement

  Full

• Exterior

  Aluminum Siding

• Exterior Features

  Rain Gutters, Storage

• Parking Features

  Garage Spaces:2, Attached, Driveway, Garage

• Water Source

  Public

• Sewer

  Public Sewer

• Window Features

  Triple Pane Windows

• Patio & Porch Features

  Front Porch

• Heating

  Electric, Forced Air

• Cooling

  Central Air, Wall Unit(s)

• Water Heater

  Gas Water Heater

• Land & Acreage

  1/4+ thru 1/2 Acre

• Levels

  Two

• Terms

  Cash, Conventional

• Showing Requirements

  24 Hour Notice, Combination Lockbox, Occupied, Showing Time, Sign on Property