1943 Adelpha Avenue, Holt, MI 48842 (MLS# 234203)


$150,000
1943 Adelpha Avenue
Holt, MI 48842
MLS# 234203
Status: Pending



1943 Adelpha Avenue, Holt, MI 48842
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1943 Adelpha Avenue, Holt, MI 48842 1943 Adelpha Avenue, Holt, MI 48842 1943 Adelpha Avenue, Holt, MI 48842 1943 Adelpha Avenue, Holt, MI 48842 1943 Adelpha Avenue, Holt, MI 48842 1943 Adelpha Avenue, Holt, MI 48842 1943 Adelpha Avenue, Holt, MI 48842 1943 Adelpha Avenue, Holt, MI 48842 1943 Adelpha Avenue, Holt, MI 48842 1943 Adelpha Avenue, Holt, MI 48842 1943 Adelpha Avenue, Holt, MI 48842

Property Description
Calling all investors! Here is your perfect opportunity to invest in this hot real estate market! Enjoy passive income from these two great units both with 1.5 car attached garages. Both units are leased out to two impeccable tenants at $840/month and $825/month and tenants pay utilities. Unit 1945 lease ends 6/1/2019 and Unit 1943 has been long term month-to-month. Owner has lovingly maintained this property and the tenants are mindful of its condition. Sellers are offering a $5,000 roofing allowance for full price offer.

Details
Maps
None
Current Price: $150,000
Contract Info
List Price: $150,000
Location & Legal Info
Street #: 1943
Street Name: Adelpha
Suffix: Avenue
State: MI
Zip Code: 48842
School District: Holt/Dimondale
Key: Supra
Township/Tax Authority: Delhi Twp
County: Ingham
Subdivision: Phillips
Legal: (DP 1602) Lot 60 Phillip's Subdivision
Directions: From 127, head W on Holt Rd past N. Aurelius Rd. Turn S onto Adelpha ave.
General Property Info
Building 1 Description: Duplex
# of Units: 2
Year Built: 1972
SqFt - Above Appx: 1664
Parking Total: 2
Lot Dimensions: 65x132
Lot Acres: 0.197
Tax Info
State Eq Value: 59000
Taxes: 4000.08
Tax Year: 2017
Parcel #: 33-25-05-22-227-021
Taxable Value: 54530
Zoning: Residential
Remarks & Misc
Photo Instructions: Office Submit
Status Change Info
Status: Pending
Under Contract Date: 2019-03-11
Annual Inc & Expense
Gross Rent: 19980
Tax Expense: 4000.08
Total Expense: 4000.08
Net Income: 15979.92
Unit 1
Unit: 1945
Rooms: 4
Baths: 1
Bedrooms: 2
Monthly Income: 840
Finished SqFt: 832
Tenant Name: Sandra Rabell
Tenant Phone: 517-930-6498
Expire Date: 2019-06-01
Unit 1 Appliances
Dishwashers: 1
Disposal: 1
Ovens: 1
Ranges: 1
Refrigerators: 1
Unit 2
Unit: 1943
Rooms: 4
Baths: 1
Bedrooms: 2
Monthly Income: 825
Finished SqFt: 832
Tenant Name: Doug Wood
Tenant Phone: 517-202-3065
Unit 2 Appliances
Disposal: 1
Ovens: 1
Ranges: 1
Refrigerators: 1
Unit Information
# Deposits: 2
# Written Leases: 2
Misc Business Info
Roof Type: Composition
Zoning: Residential
Property Features
Basement: Daylight Windows; Full; Slab
Exterior: Aluminum Siding; Brick
Driveway: Concrete
Water: Public
Sewer: Public Sewer
Roof: Shingle
Garage: 1.5 Car; Attached; Concrete Floor; Door Opener
Heating: Forced Air - Gas
Water Heater: Gas Natural
Land & Acreage: Up to 1/4 Acre
Type: Ranch
Terms: Cash; Conventional
Showing: Call List Office

Listing Office: Keller Williams GR East

Listing Agent: Ryan Lipinski

Last Updated: March - 12 - 2019

Information deemed reliable but not guaranteed.

Tuesday 26th of March 2019 02:42 AM