148 S Main Street

Leslie, MI 49251 / None

MLS ID# 262801 Expired
Income

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$180,000

0.06 acres

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

Description

Back on the market due to buyers financing This commercial building in downtown Leslie Currently downstairs has a long term tenant physical therapy office M/M for 650/month+Utilities. 95% efficient furnace replaced in 2015 for 1st floor space. 2 Bedroom apartment on the second floor was added in 2013. This space has 2 bedrooms with a den. M/M lease paying $950 a month + utilities. Heating (electric heat pump) and cooling installed in 2013 for the apartment. Washer 2020 and disposal 2022. Roof done by previous owner in 2010 and updated façade in 2013. 22x40 Garage: M/M lease paying $500. MSHDA guidelines, a phase I environmental audit completed for lead & other possible environmental. No contaminants or other concerns were found Back on the market due to buyers financing This commercial building in downtown Leslie Currently downstairs has a long term tenant physical therapy office M/M for 650/month+Utilities. 95% efficient furnace replaced in 2015 for 1st floor space. 2 ... show more

Location & Legal Info

• Street # 148
• Street Direction S
• Street Name Main
• Suffix Street
• City Leslie
• State MI
• Zip Code 49251
• School District Leslie
• Key CBX
• TownshipTax Authority Leslie City
• County Ingham
• Subdivision None
• Legal LSV-108 N 22.5 FT OF E 120 FT LOT 6 BLK 7 CITY OF LESLIE T1NR1W
• Directions Bellevue to Main, south on Main

General Property Info

• Property Sub-Type Income
• Building 1 Description Commercial
• # of Units 1
• Year Built 1900
• Foundation Size 1380
• Above Grade Finished Area 2760
• Living Area Source Assessor
• Lot Size Dimensions 23x120x22x120
• Lot Acres 0.06

Tax Info

• State Eq Value 85300
• Eq Year 2022
• Taxes 5806
• Tax Year 2020
• Parcel # 17-14-28-201-019
• Taxable Value 85300
• Taxable Value Year 2022
• Zoning Commercial

Compensation Info

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

Details

• Income & Expenses

  Annual Income:25200, Insurance:800, Tax Expense:5806, Total Other Expense:6606, Net Operating Income:18594

• Annual Inc & Expense

  Gross Rent:25200, Total Expense:5806, Insurance:800

• Unit 1

  Unit:Commercial, Baths:1, Monthly Income:650, Finished SqFt:1380, Tenant Name:Sam's

• Unit 2

  Unit:Apartment, Baths:1, Monthly Income:950, Finished SqFt:1380

• Unit 3

  Unit:Garage, Monthly Income:500, Finished SqFt:880

• Appliances

  Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Washer/Dryer, Water Heater

• Laundry Features

  In Unit

• Basement

  Full, Michigan

• Exterior

  Aluminum Siding, Concrete

• Parking Features

  Garage Spaces:1, Alley Access, Attached, Paved

• Water Source

  Public

• Sewer

  Public Sewer

• Heating

  Forced Air, Natural Gas

• Cooling

  Central Air, Exhaust Fan

• Utilities

  Cable Available, High Speed Internet Available

• Land & Acreage

  Up to 1/4 Acre

• Levels

  Two

• Terms

  Cash, Conventional

• Showing Requirements

  Appointment Only, Combination Lockbox, Showing Time

• Showing Days

  Sunday, Tuesday, Friday, Saturday

• Disclosures

  Lead Based Paint, Sellers Disclosures