Private Address

Sold

Private Address

$375,000

$80.23 per sqft

Sold

9 Baths

4,674 sqft

Commercial

Built in 1968

Lease values for all units comes to $5745 per month, $68940 a year! Proforma with market rents on the property would equal $6350 a month, $76200 a year conservatively with minimal expense on turns. Improvements with dishwashers, cabinets, counter tops and vanities could increase rents over the proforma an additional $100 per month! The exterior stairs and walk-way have almost $100k in improvements in the past 3 years, there are no further major expenses on the horizon for this property.

265516

MLSⓇ ID

June 2, 2022

Listed

February 11, 2024

Updated

Map

Private Address

Interior Features

Total Stories: 3
Bathrooms: 9 Baths
Laundry Description: Common Area, Lower Level
Floor Description: Carpet, Ceramic Tile, Vinyl
Fireplace: No
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Baseboard, Hot Water, Natural Gas

Exterior/Building Features

Lot Size: 0.28 Acres
Exterior Features: Barbecue
Architectual Style: Other
Roof: Flat
Sewer: Public Sewer

School Information

School District: Lansing

Other Property Details

Taxes: $11,329
Tax Frequency: Annually
Garage: No
Parking: Asphalt
View: No
County: Ingham
Municipality: Lansing City
Water Source: Public
Pool: No

Listed by Christopher Silker, Keller Williams Realty Lansing-East, 517-853-1200

Based on information from Greater Lansing Association of REALTORS (GLAR) as of 2/11/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Data last updated 2:43 PM UTC, 2/11/2024