228 Woodlawn Avenue, Lansing, MI 48910 (MLS# 233756)


$83,900
228 Woodlawn Avenue
Lansing, MI 48910
MLS# 233756



228 Woodlawn Avenue, Lansing, MI 48910
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228 Woodlawn Avenue, Lansing, MI 48910 228 Woodlawn Avenue, Lansing, MI 48910

Property Description
REO town money maker. 3 units all rented. Walking distance to REO town and downtown. 1 block from the bus line. Solid rental history. Just inspected for City Rental License renewal.

Details
Maps
None
Current Price: $83,900
Contract Info
List Price: $83,900
Location & Legal Info
Street #: 228
Street Name: Woodlawn
Suffix: Avenue
State: MI
Zip Code: 48910
School District: Lansing
Key: KBX
Township/Tax Authority: Lansing City
County: Ingham
Subdivision: Johnson
Legal: Lot 16 Johnsons addition
Directions: Baker Street / South Washington North to Woodlawn Ave then West
General Property Info
Building 1 Description: Multi family
# of Units: 3
Year Built: 1908
SqFt - Above Appx: 2207
Parking Total: 5
Lot Dimensions: 47x203
Lot Acres: 0.219
Tax Info
State Eq Value: 32800
Taxes: 2531
Tax Year: 201
Parcel #: 33-01-01-21-328-281
Taxable Value: 29497
Zoning: Multi-Family
Remarks & Misc
Photo Instructions: Office Submit
Status Change Info
Status: Active
Annual Inc & Expense
Gross Rent: 18000
Water/Sewer Expense: 2879
Tax Expense: 2531
Miscellaneous: 306
Total Expense: 8269
Less Fuel: 1743
Insurance: 800
Net Income: 10042
Unit 1
Unit: One
Rooms: 4
Baths: 1
Bedrooms: 2
Monthly Income: 600
Unit 1 Appliances
Ranges: 1
Unit 2
Unit: Two
Rooms: 5
Baths: 1
Bedrooms: 1
Monthly Income: 450
Unit 2 Appliances
Ranges: 1
Refrigerators: 1
Unit 3
Unit: Three
Rooms: 3
Baths: 1
Bedrooms: 1
Monthly Income: 450
Property Features
Basement: Full; Michigan
Exterior: Wood Siding
Driveway: Gravel
Water: Public
Sewer: Public Sewer
Roof: Shingle
Extras: High Speed Internet; High Speed Internet; High Speed Internet; High Speed Internet; High Speed Internet; 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
Showing: 24 Hour Notice; Key Box; Sign on Property; Tenant

Listing Office: Real Estate One 1st

Listing Agent: Thomas Hands

Last Updated: February - 08 - 2019

Information deemed reliable but not guaranteed.

Tuesday 19th of February 2019 05:26 AM