1606 Coleman Avenue
![](https://exitrealtyathome.com/wp-content/uploads/2022/05/262512.jpg)
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 detailsPrice: | $$175,000 |
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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 |
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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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