1032 Gordon Avenue, Lansing, MI 48910 (MLS# 240740)


$63,900
1032 Gordon Avenue
Lansing, MI 48910
MLS# 240740



1032 Gordon Avenue, Lansing, MI 48910
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1032 Gordon Avenue, Lansing, MI 48910 1032 Gordon Avenue, Lansing, MI 48910 1032 Gordon Avenue, Lansing, MI 48910 1032 Gordon Avenue, Lansing, MI 48910 1032 Gordon Avenue, Lansing, MI 48910 1032 Gordon Avenue, Lansing, MI 48910 1032 Gordon Avenue, Lansing, MI 48910 1032 Gordon Avenue, Lansing, MI 48910 1032 Gordon Avenue, Lansing, MI 48910 1032 Gordon Avenue, Lansing, MI 48910 1032 Gordon Avenue, Lansing, MI 48910

Property Description
Nice 2-unit investment property with hardwood floors and excellent cash flow. Licensed rental with City of Lansing though 2021. Could also be a great primary residence with income stream through upstairs unit. Sold as-is.

Details
Maps
None
Current Price: $63,900
Contract Info
Status: Active
Listing Date: 2019-09-11
List Price: $63,900
Location & Legal Info
Street #: 1032
Street Name: Gordon
Suffix: Avenue
State: MI
Zip Code: 48910
Zip +4: 2723
School District: Lansing
Key: comb
Township/Tax Authority: Lansing City
County: Ingham
Subdivision: Elmhurst
Legal: LOT 16 & E 10 FT LOT 15 BLOCK 10 ELMHURST SUB
Directions: E off of Martin Luther King Blvd to Gordon
General Property Info
Building 1 Description: Duplex
# of Units: 2
Year Built: 1926
SqFt - Above Appx: 1210
Parking Total: 4
Lot Dimensions: 52x115.5
Lot Acres: 0.12
ECO Friendly Features: No
Tax Info
State Eq Value: 34500
Taxes: 2667
Tax Year: 2018
Parcel #: 33-01-01-29-232-061
Taxable Value: 33757
Zoning: Residential
Remarks & Misc
Photo Instructions: Office Submit
Annual Inc & Expense
Gross Rent: 17760
Water/Sewer Expense: 2640
Tax Expense: 2667
Less Fuel: 1200
Insurance: 498
Management: 1776
Net Income: 8979
Unit 1
Unit: 1032
Rooms: 6
Baths: 1
Bedrooms: 3
Monthly Income: 855
Finished SqFt: 704
Unit 1 Appliances
Dishwashers: 1
Ovens: 1
Ranges: 1
Refrigerators: 1
Unit 2
Unit: 1032.5
Rooms: 4
Baths: 1
Bedrooms: 1
Monthly Income: 625
Finished SqFt: 506
Expire Date: 2020-06-01
Unit 2 Appliances
Ovens: 1
Ranges: 1
Refrigerators: 1
Property Features
Basement: Full
Exterior: Wood Siding
Driveway: Concrete; Gravel
Water: Public
Sewer: Public Sewer
Roof: Shingle
Extras: Fenced Yard; Smoke Alarm
Garage: No Garage
Heating: Forced Air - Gas
Water Heater: Gas Natural
Land & Acreage: Up to 1/4 Acre
Type: 1 1/2 Story
Terms: Cash; Conventional
Showing: 24 Hour Notice; Combo; Sign on Property; Tenant; Showing Time

Listing Office: Community Realty, LLC

Listing Agent: Kellie Garrett

Last Updated: February - 12 - 2020

Information deemed reliable but not guaranteed.

Wednesday 26th of February 2020 10:03 AM