3-unit Residential Rental Property! Great Monthly Income!
716 W. Shiawassee
Lansing, MI 48915
108-277914
$99,900.00
1694 sq ft
3
4
This is a 3-unit income property currently registered through the City of Lansing Compliance Office. This home has very stable rent history. ALL UNITS ARE CURRENTLY OCCUPIED BY TENANTS, $1,300 in monthly rent! Unit descriptions are as follows: Unit #1, 1 Bedroom, 2 Full Baths, Laundy Room, Full Kitchen, Formal Dining Room, Living Room and Foyer, Front Porch Entry with private back porch. Current Rent Received $550/month Approximately 900 square feet Unit #2, 1 Bedroom, 1 Full Bath, Living Room, Full Kitchen, Front Porch Current Rent Received: $450/month Approximately 500 square feet Unit #3, 1 Bedroom Studio, 1 Full Bath, Full Kitchen, Rear private 2nd story porch, Current Rent Received: $300/month Approximately 350 square feet This home is located in great area and is easy to rent, 3 blocks to LCC and 5 blocks to downtown Govt offices. Home is full of character with hardwood floors, high ceilings and original oak trim in Unit #1. Updates to Unit #1 also include new linoleum flooring in kitchen and bathroom, fresh paint and several new faucets and sinks. Unit #2 was recently remodeled to include new oak kitchen cabinets, linoleum flooring in kitchen, new carpetings, fresh paint new kitchen sink and new pedestal sink in bath. Unit #3 updates include new exterior stairway and various plumbing/faucet updates. Updates to the property include water heater (2004), exterior stairway (2006), rubber roof over front porch (2006), landscaping (2006) and many plumbing/electrical updates. Furnace recently inspected (2006) and in great working condition. Roof is newer and in excellent condition. A great investment opportunity!Call today to make an appointment to view this great property!! We are highly motivated to sell. Property is currently listed through Richard Williams with Fidelity Realty in East Lansing, MI.
