$84,900
Lansing, MI 48912
MLS# 24004691
1 / 43
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!
Details
Maps
Location & Property Info
County: Ingham
Street #: 811
Street Name: Larned
Suffix: Street
State: MI
Zip Code: 48912
Cross Streets: Homer
Property Sub-Type: 2 to 4 Units
Area: Grand Rapids - G
Municipality: Lansing Twp
Office/Contract Info
Status: Active
Current Price: $84,900
List Price: $84,900
Auction or For Sale: For Sale
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-01-25
General Property Info
Lot Measurement: Acres
Lot Square Footage: 1324
Lot Acres: 0.03
Lot Dimensions: 39.5x120
Year Built: 1908
New Construction: No
Cert of Compliance: Yes
Road Frontage: 39.5
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 2
Total Parking Spaces: 4
Waterfront: No
School District: Lansing
Tax Info
Tax ID #: 33-01-01-15-356-081
Taxable Value: 42500
SEV: 42500
For Tax Year: 2023
Annual Property Tax: 3987
Tax Year: 2022
Spec Assessment & Ty: NA
Zoning: res
Remarks & Misc
Directions: Kalamazoo W to Hosmer S to Larned L to Residence
Legal: LOT 13 BLOCK 11 LANSING IMPROVEMENT COMPANYS ADD
Access Feat
Accessibility Features: No
Unit 1
Unit Description: Lower
SqFt: 662
Occupied: No
Monthly Rent: 675
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: Upper
SqFt: 662
Occupied: Yes
Monthly Rent: 675
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: None
Exterior Material: Vinyl Siding; Wood Siding
Substructure: Full
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas; Telephone Line
Util Avail at Street: None
Owner Pays: None
Tenant Pays: Electric; Gas; Sewer; Trash; Water
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Street Type: Public
Terms Available: Cash; Conventional
Sale Conditions: None
Listing Office: Keller Williams GR East
Listing Agent: Jessica Hart
Last Updated: May - 08 - 2024
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