533 Cherry Street

Lansing, MI 48933 / Original of Lansing

MLS ID# 275414 Active

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$139,900

2 units

4 parking spaces

sqft

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

Description

Welcome to 533 Cherry St. in the historic district. This well maintained 2 unit duplex has all utilities split so tenants pay their own gas/ electric/water/sewer. Helps make this a very profitable duplex. There are 4 parking spaces on a private driveway. Each unit has its own laundry in the basement. The 2 bedroom unit has nice hardwoods, stained glass windows and very nice size living and dining areas. There are tile floors in the kitchen as well as all appliances( including dishwasher). There is also a Studio apt with a mini split so they control their own heating and cooling. Always easy to rent. Welcome to 533 Cherry St. in the historic district. This well maintained 2 unit duplex has all utilities split so tenants pay their own gas/ electric/water/sewer. Helps make this a very profitable duplex. There are 4 parking spaces on a private driv... show more

Location & Legal Info

• Street # 533
• Street Name Cherry
• Suffix Street
• City Lansing
• State MI
• Zip Code 48933
• Zip +4 2401
• School District Lansing
• Key combo
• TownshipTax Authority Lansing City
• County Ingham
• Subdivision Original of Lansing
• Legal S 2 1/4 R LOT 7 BLOCK 152 ORIG PLAT
• Directions East on St Joseph St. North on S Grand Ave. East on E Hillsdale St. North on Cherry St. Property is on the east side.

General Property Info

• Building 1 Description Multifamily
• # of Units 2
• Year Built 1890
• Above Grade Finished Area 1327
• Living Area Source Assessor
• Parking Total 4
• Lot Size Dimensions 36x69
• Lot Acres 0.11

Tax Info

• State Eq Value 37200
• Eq Year 2022
• Taxes 2443
• Tax Year 2022
• Parcel # 33-01-01-16-457-081
• Taxable Value 30515
• Taxable Value Year 2022
• Zoning Residential

Compensation Info

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

Details

• Annual Inc & Expense

  Gross Rent:16800, Tax Expense:2443, Miscellaneous:1260, Maintenance:900, Total Expense:5349, Insurance:746, Net Income:11451

• Unit 1

  Unit:2 Bedroom, Baths:1, Monthly Income:925

• Unit 1 Appliances

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

• Unit 2

  Unit:Studio, Baths:1, Monthly Income:475

• Laundry Features

  In Basement, Lower Level

• Unit Information

  Registered/Licenses:CR22-0283, License/Register Exp:2025-04-01

• Misc Business Info

  # Parking:6

• Basement

  Full

• Foundation Details

  Brick/Mortar

• Exterior

  Wood Siding

• Parking Features

  Driveway

• Fencing

  Fenced

• Water Source

  Public

• Sewer

  Public Sewer

• Window Features

  Blinds

• Roof

  Shingle

• Patio & Porch Features

  Covered, Front Porch

• Road Frontage Type

  City Street

• Road Surface Type

  Paved

• Heating

  Forced Air, Natural Gas, Separate Meters, Other

• Cooling

  Central Air

• Flooring

  Hardwood, Tile, Vinyl

• Land & Acreage

  Up to 1/4 Acre

• Levels

  Two

• Terms

  Cash, Conventional

• Showing Requirements

  Showing Time