$184,500

408 W Genesee Street

Lansing MI, 48933

Description

Here's your opportunity! This 4 unit will bring the CASH FLOW you desire. Live in one unit or rent them all. Down the street from LCC, Cooley Law, and close to highways, shopping, bus lines and MSU. Several updates, new roof, hardwood floors and tile showers this is a low maintenance turn key opportunity. There are Two 2 bedrooms upstairs and two 1 bedrooms on the main floor, 100% occupied. Newer boiler for 3 units paid by landlord, separate electric meters and one 1 bedroom has separate furnace paid by tenant. 3 car garage currently rented for an extra $1,800 a year. Washer and Dryer in the basement currently offered for free but could be swapped for coin laundry as an added source of income.

Details

MLS#243671
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1890
Days On Site32

Features

SQ Feet2,869
Units4
Building(s)1

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Area Information

StateMI
CountyIngham
CityLansing
Zip Code48933
AreaIngham
Listing VS Median (in 48933)
Price:
$184,500
low | high
Med:
$152,450
67.371273712737% of Average
SqFt:
2,869
low | high
Med:
1,807
87.033809689787% of Average
$ / SqFt:
$64
low | high
Med:
$87
15.176780089756% of Average
On Site:
32
low | high
Med:
129
24.806201550388% of Average
Listing Updated: 02/19/2020
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Lansing Association of Realtors® MLS.
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