16850 Chadwell, East Lansing, MI 48823 (MLS# 227699)


$425,000
16850 Chadwell
East Lansing, MI 48823
MLS# 227699
8 baths  |  1536 sqft


16850 Chadwell, East Lansing, MI 48823
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Property Description
The properties consist of 2 single family homes and 3 duplex. The first single family home has 3 bed, 1 bath approx. sq ft is 1500, second single family home is a 2-bedroom 1 bath approx. sq ft is 720. There is a total of 3 duplex, each side has 2 bedrooms, 1 bath, approximate sq ft of each side is 768. They are all on slabs. There are total of 5 boilers and 8 electrical meters. The water is on a well and there is public sewer. The Sellers pay the utilities, but these can be passed down to the tenants. All 8 units are leased. Bath Township will allow the development to be converted to condominiums. Buyer to call Township for all requirements and restrictions.

Details
Maps
Documents
Contract Info
List Price: $425,000
Current Price: $425,000
Lease/List Price/SqFt: 276.69
Location & Legal Info
Street #: 16850
Street Name: Chadwell
State: MI
Zip Code: 48823
Zip +4: 9453
School District: Haslett
Key: NA
Township/Tax Authority: Bath Charter Twp
County: Clinton
Subdivision: None
Legal: BEG 30.00 FT N OF SW COR SEC 34, T5N R4W, TH N 55 DEG E 792.96 FT, TH S 33 DEG E 60.78 FT, TH N 54 DEG E 147.5 FT, TH N
Directions: Marsh/Saginaw St - 69 W to Chadwell
General Property Info
Property Sub-Type: Income
Building 1 Description: Residential
# of Units: 8
Year Built: 1960
SqFt - Appx Total Finished: 1536
SqFt - Above Appx: 1536
Baths - Total: 8
Lavs: 8
Stories: 1
Parking Total: 24
Lot Dimensions: 7 acres
Lot Acres: 7
Tax Info
State Eq Value: 315900
Taxes: 11400
Tax Year: 2017
Parcel #: 010-034-300-130-01
Taxable Value: 200735
Zoning: Commercial
Remarks & Misc
Photo Instructions: Office Submit
Status Change Info
Status: Active
Income & Expenses
Annual Income: 79680
Utilities: 15600
Insurance: 2000
Tax Expense: 11400
Total Expense: 34712
Annual Inc & Expense
Gross Rent: 79680
Water/Sewer Expense: 2820
Tax Expense: 11400
Insurance: 2000
Net Income: 44968
Lessor Expenses
Trash Removal: Yes
Water Expense: No
Unit 1
Unit: 1
Rooms: 4
Baths: 1
Bedrooms: 2
Monthly Income: 830
Finished SqFt: 768
Expire Date: 2019-02-01
Unit 2
Unit: 2
Rooms: 4
Baths: 1
Bedrooms: 2
Monthly Income: 830
Finished SqFt: 768
Expire Date: 2019-02-01
Unit 3
Unit: 3
Rooms: 4
Baths: 1
Bedrooms: 2
Monthly Income: 830
Finished SqFt: 768
Expire Date: 2019-02-01
Unit 4
Unit: 4
Rooms: 4
Baths: 1
Bedrooms: 2
Monthly Income: 830
Finished SqFt: 768
Expire Date: 2019-02-01
Unit 5
Unit: 5
Rooms: 4
Baths: 1
Bedrooms: 2
Monthly Income: 830
Finished SqFt: 768
Expire Date: 2019-02-01
Unit Information
# Deposits: 8
# Written Leases: 8
Misc Business Info
# Parking: 24
Construction Type: Stick built
Overall Building Size: 1536
Parking Surface: Gravel
Roof Type: Shingle
Zoning: Development
Property Features
Current Use: Residence
Appliances: Microwave; Oven; Range; Refrigerator
Basement: Slab
Exterior: Brick
Driveway: Gravel
Water: Well
Sewer: Public Sewer
Roof: Shingle
Extras: Cable Installed; Smoke Alarm
Heating: Hot Water - Gas
Water Heater: Electric
Land & Acreage: 5+ thru 10 Acres
Type: Ranch
Terms: Cash; Conventional
Showing: 24 Hour Notice

Listing Office: RE/MAX Real Estate Pros Dewitt

Listing Agent: Christina Tamburino

Last Updated: September - 30 - 2018

Information deemed reliable but not guaranteed.

Tuesday 18th of December 2018 02:49 PM