1606 Coleman Avenue
Great opportunity for cash flowing asset near growing REO Town near downtown Lansing. Fully rented this property could bring in $3250 a month or more! Licensed until 2022, it has has a lot of renovations and is always easy to rent. 1 unit is vacant to allow for showings, the rest are rented for $650 each (one unit is discounted $500 in return for maintenance around the property). Total lot acres are estimated.
View full listing details| Price: | $$175,000 |
|---|---|
| Address: | 1606 Coleman Avenue |
| City: | Lansing |
| State: | Michigan |
| Zip Code: | 48910 |
| Subdivision: | Park Place |
| MLS: | 262512 |
| Year Built: | 1905 |
| Square Feet: | 2,832 |
| Acres: | 0.250 |
| Lot Square Feet: | 0.250 acres |
| annualIncExpenseGrossRent: | 37200 |
|---|---|
| annualIncExpenseTaxExpense: | 4157.48 |
| annualIncExpenseWaterSewerExpense: | 4488 |
| basement: | Concrete |
| building1Description: | 2 story home |
| exterior: | Vinyl Siding |
| heating: | Natural Gas |
| landAcreage: | Up to 1/4 Acre |
| lotDimensions: | 42x132 |
| numOfUnits: | 5 |
| parkingTotal: | 6 |
| roof: | Shingle |
| schoolDistrict: | Lansing |
| sewer: | Public Sewer |
| stateEqValue: | 62100 |
| taxYear: | 2020 |
| taxableValue: | 54223 |
| taxes: | 4157.48 |
| terms: | Conventional, FHA |
| townshipTaxAuthority: | Lansing City |
| unit1Baths: | 1 |
| unit1Bedrooms: | 1 |
| unit1MonthlyIncome: | 650 |
| unit1Unit: | 1 |
| unit2Baths: | 1 |
| unit2Bedrooms: | 1 |
| unit2MonthlyIncome: | 500 |
| unit2Unit: | 2 |
| unit3Baths: | 1 |
| unit3MonthlyIncome: | 650 |
| unit3Unit: | 3 |
| unit4Baths: | 1 |
| unit4Bedrooms: | 1 |
| unit4MonthlyIncome: | 650 |
| unit4Unit: | 4 |
| unitInformationNumWrittenLeases: | 4 |
| unitInformationRegisteredLicenses: | yes |
| waterHeater: | Electric Water Heater |
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