125 W Barnes Avenue

Lansing, MI 48910 / None

MLS ID# 259925 Closed

Closed $153,900

2 units
sqft


Description

Check out this amazing investment opportunity close to Reo Town, Downtown, LCC and the Capitol. A two unit completely redone in 2008 including roof, windows, siding, mechanicals and electrical as well as both interiors remodeled. All utilities a... show more
  • Street # 125
  • Street Direction W
  • Street Name Barnes
  • Suffix Avenue
  • City Lansing
  • State MI
  • Zip Code 48910
  • School District Lansing
  • Key CMBO
  • TownshipTax Authority Lansing City
  • County Ingham
  • Subdivision None
  • Legal N 107.25 FT LOT 9 BLK 17 PARK PLACE
  • Directions W Barnes Avenue

General Property Info

  • Building 1 Description 2 Story Residential
  • # of Units 2
  • Year Built 1910
  • Above Grade Finished Area 2752
  • Living Area Source Assessor
  • Parking Total 4
  • Lot Size Dimensions 55x107.25
  • Lot Acres 0.14

Tax Info

  • State Eq Value 54600
  • Eq Year 2020
  • Taxes 3787.48
  • Tax Year 2020
  • Parcel # 01-01-21-381-001
  • Taxable Value 46750
  • Taxable Value Year 2020
  • Zoning Residential

Compensation Info

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

Details

  • Annual Inc & Expense

    Gross Rent:18000, Tax Expense:3075, Maintenance:3500, Insurance:645, Net Income:10780
  • Unit 1

    Unit:125 W Barnes, Baths:1.5, Monthly Income:750
  • Unit 1 Appliances

    Disposal:1, Dryers:1, Ovens:1, Ranges:1, Refrigerators:1, Washers:1
  • Unit 2

    Unit:127 W. Barnes, Baths:1.5, Monthly Income:750
  • Unit 2 Appliances

    Disposal:1, Dryers:1, Ovens:1, Ranges:1, Refrigerators:1, Washers:1
  • Laundry Features

    In Basement
  • Lot Features

    Corner Lot
  • Unit Information

    Registered/Licenses:CR19-2134, License/Register Exp:2022-11-01, # Deposits:2, # Written Leases:2
  • Basement

    Full
  • Exterior

    Vinyl Siding
  • Parking Features

    Alley Access, Basement, Gravel, No Garage
  • Electric

    100 Amp Service
  • Water Source

    Public
  • Sewer

    Public Sewer
  • Window Features

    Double Pane Windows
  • Roof

    Shingle
  • Patio & Porch Features

    Front Porch
  • Road Frontage Type

    City Street
  • Road Surface Type

    Asphalt
  • Heating

    Forced Air, Natural Gas
  • Cooling

    None
  • Water Heater

    Electric Water Heater
  • Flooring

    Carpet, Laminate
  • Security Features

    Smoke Detector(s)
  • Utilities

    Cable Not Available, High Speed Internet Available
  • Land & Acreage

    Up to 1/4 Acre
  • Architectural Style

    Traditional
  • Levels

    Two
  • Terms

    Cash, Conventional
  • Showing Requirements

    24 Hour Notice, No Lockbox


This listing was last updated on 2022-05-05T18:10:07Z

The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.