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