316 S Rosemary Street

Lansing, MI 48917 / None

MLS ID# 270042 Active

Get directions

$140,000

2 units

2 parking spaces

sqft

• Images
• Map

View Larger

 

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

Description

Great investment opportunity! Unit #1 is currently leased and Unit #2 still needs to be licensed as a rental. Recent updates include new carpet, flooring and appliances. Heat and electricity separated and paid by the tenants, water and trash are paid by the landlord. 3-year rental license certification inspection was held 5/20/22, All leases automatically renew for one year on anniversary date unless cancelled by either party. Property is part of 7-bldg/16-unit portfolio that is also available as a package deal. Contact listing agent for details on other properties. NOTE: One of these additional properties is 312 S Rosemary, a duplex right next door. Great investment opportunity! Unit #1 is currently leased and Unit #2 still needs to be licensed as a rental. Recent updates include new carpet, flooring and appliances. Heat and electricity separated and paid by the tenants, water and trash are pai... show more

Location & Legal Info

• Street # 316
• Street Direction S
• Street Name Rosemary
• Suffix Street
• City Lansing
• State MI
• Zip Code 48917
• Zip +4 3856
• School District Waverly
• Key Combo
• TownshipTax Authority Lansing Twp
• County Ingham
• Subdivision None
• Legal LOT 40 WEST MICHIGAN AVENUE SUBDIVISION.
• Directions Heading east on W Michigan Avenue from Waverly Road, turn right on S Rosemary Ave, house is on the right, just past Washtenaw St.

General Property Info

• Building 1 Description 1
• # of Units 2
• Year Built 1940
• Above Grade Finished Area 1223
• Living Area Source Assessor
• Parking Total 2
• Lot Size Dimensions 40 x 135
• Lot Acres 0.12
• ECO Friendly Features No
• Elementary School District Waverly

Tax Info

• State Eq Value 37400
• Eq Year 2022
• Taxes 1956
• Tax Year 2021
• Parcel # 33-21-01-18-406-015
• Additional Parcels No
• Taxable Value 25243
• Taxable Value Year 2022
• Zoning Residential

Compensation Info

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

Details

• Unit 1

  Unit:1, Baths:1, Monthly Income:755, Tenant Name:Leased to 7/31/23

• Unit 1 Appliances

  Dryers:1, Ranges:1, Refrigerators:1, Washers:1

• Unit 2

  Unit:2, Baths:1, Monthly Income:650, Tenant Name:Needs to be licensed

• Unit 2 Appliances

  Ranges:1, Refrigerators:1

• Laundry Features

  In Basement

• Basement

  Full

• Exterior

  Vinyl Siding

• Parking Features

  Gravel, No Garage

• Water Source

  Public

• Sewer

  Public Sewer

• Roof

  Shingle

• Heating

  Forced Air, Natural Gas

• Cooling

  None

• Land & Acreage

  Up to 1/4 Acre

• Levels

  Two

• Terms

  Cash, Conventional, FHA, MSHDA, VA Loan

• Showing Requirements

  Call Listing Agent, Combination Lockbox, Email Listing Agent, Showing Time, Sign on Property

• Disclosures

  Lead Based Paint, Sellers Disclosures