Lansing, MI, 48910

$425,000

$272 per ft²
$425,000
$272 per ft²
Active Under Contract
Active Under Contract
 - For Sale
baths
9 Baths
carpenters-square
1,558 ft²
property_type
Commercial
calendar
Built 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.
MLS® ID:
265516
Listed:
6/1/22
Updated:
12/9/22
Coldwell Banker
The Carin Whybrew Project

Interior Features

Kitchen Appliances
Oven, Range, Refrigerator
Total Bedrooms
0
Total Bathrooms
9
Laundry Description
Common Area, Lower Level
Floor Description
Carpet, Ceramic Tile
Cooling
None
Heating
Baseboard, Hot Water

Exterior/Building Features

Lot Size
0.28 acres lot
Exterior Features
Barbecue
Sewer
Public Sewer

School Information

High School
Lansing

Other Property Details

Taxes
$11329
Tax Frequency
per YEAR
Garage
No
Parking
Asphalt
View
N
County
Ingham
Utilities
Water Connected, Sewer Connected, Natural Gas Connected, High Speed Internet Available, Electricity Connected, Cable Available
Pool
No
Total Stories
2

Property History

Date
Event
Price
Value
11/2/22
Active Under Contract
-
-
9/26/22
Price Change
$425,000
-29%
9/1/22
Price Change
$600,000
133%
7/14/22
Price Change
$450,000
-8%

Listed by Christopher Silker, Keller Williams Realty Lansing-East,

Based on information from Greater Lansing Association of REALTORS (GLAR) as of 12/9/22. 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.

©2022 Greater Lansing Association of REALTORS (GLAR). All rights reserved.

Data last updated 5:11 AM UTC, 12/9/22

Coldwell Banker
The Carin Whybrew Project
Contact