800 N Capitol Avenue, Lansing MI 48906 Photo 1 800 N Capitol Avenue, Lansing MI 48906 Photo 2 800 N Capitol Avenue, Lansing MI 48906 Photo 3

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800 N Capitol Avenue - Corner Lot, the address of the Madison Street unit is 128 W Madison. Don't let the exterior fool you, this apartment house has excellent cash flow! This is a 7 unit apartment building; 2 of the units are 1 bedroom and 5 are studio layout. All units have own bath and kitchens. Unit 1 is a studio and rents 450 mo; Unit 2 is a studio and rents 450 mo; Unit 3 is a 1 Br and rents 475 mo; Unit 4 is a studio and rents for 385 mo; Unit 5 is a studio and rents for 450 mo; Unit 6 is a studio and rents for 365 mo; Unit 7 is a 1 Br and rents for 550 month. Gross yearly rents are around $36,000; owner does pay utilities which are about $10,500 yr.

Listing information

  • MLS® ID: 212815
  • Status: Active
  • New Construction: No
  • Lot Area: 0.20
  • County: Ingham
  • Style: Commercial
  • Stories: 0
  • Foreclosure: No
  • Lot Size: 66*79
  • School District: Lansing
  • Year Built: 1865
  • Parking Type Description: None 0 cars
  • Total Square Footage: 4,648 ($64.54 per sq. foot)
  • Estimated Annual Taxes: $2,900
  • Subdivision: Taylor

Features

Appliances Oven, Range, Refrigerator
Basement Michigan, Partial
Current Use Other, Residence
Driveway Gravel
Exterior Hardboard
Garage No Garage
Heating Hot Water - Gas
Land & Acreage Up to 1/4 Acre
Other Building 1 Description - Two Story, ECO Friendly Features - No, Lease/List Price/SqFt - 85.03, Parcel # - 01-01-09-381-061, Parking Total - 10, Tax Year - 2016, Total Dishwashers - 0, Total Disposals - 0, Total Dryers - 0, Total Microwaves - 0, Total Ovens - 5, Total Ranges - 5, Total Refrigerators - 5, Total Washers - 0, Total Water Softeners - 0, Zoning - Commercial
Roof Shingle
Sewer Public Sewer
Type Two Story
Water Public
Water Heater Gas Natural
Listing Courtesy of David M Bueche of Musselman Realty Company