$72,500
$84,900
14.6%For more information regarding the value of a property, please contact us for a free consultation.
1,324 Sqft Lot
SOLD DATE : 06/21/2024
Key Details
Sold Price $72,500
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Lansing Twp
MLS Listing ID 24004691
Sold Date 06/21/24
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1908
Annual Tax Amount $3,987
Tax Year 2023
Lot Size 1,324 Sqft
Acres 0.03
Lot Dimensions 39.5x120
Property Description
Calling all investors and first time homeowners!!This is your chance to build wealth through real estate with a super low barrier to entry! Occupy one unit as an owner occupant and collect rent from the other unit with only 5% down through a new Fannie Mae loan option. Investors enjoy a minimum cash on cash return of 14%!! Upper unit occupied $695 per month. Lower units needs a cosmetic refresh but priced accordingly to build some sweat equity. The easiest entry into investment real estate you'll ever find!
Location
State MI
County Ingham
Area Grand Rapids - G
Direction Kalamazoo W to Hosmer S to Larned L to Residence
Rooms
Basement Full
Interior
Heating Forced Air
Cooling None
Fireplaces Number 2
Laundry None
Exterior
Utilities Available Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Waterfront No
View Y/N No
Total Parking Spaces 4
Building
Sewer Public Sewer
Structure Type Vinyl Siding,Wood Siding
New Construction No
Schools
School District Lansing
Others
Tax ID 33-01-01-15-356-081
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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