120-122 E Elm Street, Lansing, MI 48910 (MLS# 231968)


$134,900
120-122 E Elm Street
Lansing, MI 48910
MLS# 231968



Exterior
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Exterior 120-122 E Elm Street, Lansing, MI 48910 120-122 E Elm Street, Lansing, MI 48910 120-122 E Elm Street, Lansing, MI 48910 120-122 E Elm Street, Lansing, MI 48910 120-122 E Elm Street, Lansing, MI 48910 120-122 E Elm Street, Lansing, MI 48910 120-122 E Elm Street, Lansing, MI 48910 120-122 E Elm Street, Lansing, MI 48910 120-122 E Elm Street, Lansing, MI 48910 120-122 E Elm Street, Lansing, MI 48910 120-122 E Elm Street, Lansing, MI 48910 120-122 E Elm Street, Lansing, MI 48910 120-122 E Elm Street, Lansing, MI 48910 120-122 E Elm Street, Lansing, MI 48910 120-122 E Elm Street, Lansing, MI 48910 120-122 E Elm Street, Lansing, MI 48910 120-122 E Elm Street, Lansing, MI 48910 120-122 E Elm Street, Lansing, MI 48910

Property Description
Tenant occupied 4-unit, 2-story property. 1st floor units are spacious efficiencies with basement, deck and fenced exterior. Both have long term tenants. 2nd floor units are one bedroom. All units have separate gas meters. 2 electric meters for entire property. 2 water meters for entire property. All utilities are included for 3 of the units. Unit 122-2 has reduced rent - tenant pays gas. Two locked exterior storage units, not for tenant use. Seller will entertain reasonable land contract offers.

Details
Maps
Documents
None
Current Price: $134,900
Contract Info
List Price: $134,900
Location & Legal Info
Street #: 120-122
Street Direction: E
Street Name: Elm
Suffix: Street
State: MI
Zip Code: 48910
School District: Lansing
Key: CBX
Township/Tax Authority: Lansing City
County: Ingham
Subdivision: None
Legal: W 53.5 FT OF E 7 R LOT 17 SPARROWS SUB OF BLOCK 200
Directions: Elm between Washington & Cedar
General Property Info
Building 1 Description: 120-122 E Elm
# of Units: 4
Year Built: 1925
SqFt - Above Appx: 2048
Parking Total: 2
Lot Dimensions: 53X44
Lot Acres: 0.054
ECO Friendly Features: No
Tax Info
State Eq Value: 26300
Taxes: 2204
Tax Year: 2018
Parcel #: 33-01-01-21-257-175
Taxable Value: 24798
Zoning: Residential
Remarks & Misc
Photo Instructions: Office Submit
Status Change Info
Status: Active
Annual Inc & Expense
Gross Rent: 24480
Water/Sewer Expense: 1442
Tax Expense: 2204
Electricity: 1442
Less Fuel: 1896
Unit 1
Unit: 120-1 E Elm
Rooms: 2
Baths: 1
Monthly Income: 525
Tenant Name: Occupied
Expire Date: 2019-10-31
Unit 1 Appliances
Ovens: 1
Ranges: 1
Refrigerators: 1
Unit 2
Unit: 120-2 E Elm
Rooms: 3
Baths: 1
Bedrooms: 1
Tenant Name: Occupied
Expire Date: 2018-12-31
Unit 2 Appliances
Ovens: 1
Ranges: 1
Refrigerators: 1
Unit 3
Unit: 122-1 E Elm
Rooms: 2
Baths: 1
Monthly Income: 505
Tenant Name: Occupied
Expire Date: 2019-05-31
Unit 3 Appliances
Ovens: 1
Ranges: 1
Refrigerators: 1
Unit 4
Unit: 122-2 E Elm
Rooms: 3
Baths: 1
Bedrooms: 1
Monthly Income: 485
Tenant Name: Occupied
Expire Date: 2019-10-31
Unit 4 Appliances
Ovens: 1
Ranges: 1
Refrigerators: 1
Unit Information
Registered/Licenses: 1
License/Register Exp: 2020-06-01
# Deposits: 4
# Written Leases: 4
Misc Business Info
# Parking: 2
Property Features
Basement: Michigan
Exterior: Vinyl Siding
Driveway: Concrete
Water: Public
Sewer: Public Sewer
Roof: Shingle
Extras: Cable Installed; Fenced Yard; Smoke Alarm
Garage: No Garage
Heating: Forced Air - Gas
Water Heater: Gas Natural
Land & Acreage: Up to 1/4 Acre
Type: Two Story
Terms: Cash; Conventional; Land Contract
Showing: 24 Hour Notice; Combo; Tenant; Showing Time

Listing Office: 1st Choice Real Estate

Listing Agent: Jill Powell

Last Updated: November - 14 - 2018

Information deemed reliable but not guaranteed.

Wednesday 21st of November 2018 07:37 AM