2710 W Miller Road, Lansing, MI 48911 (MLS# 235122)


$129,900
2710 W Miller Road
Lansing, MI 48911
MLS# 235122



2710 W Miller Road, Lansing, MI 48911
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Property Description
What an opportunity!! This 3 Unit property boasts more then $2,000 a month cash flow. Recently remodeled, this property is maintenance free. Vinyl siding, newer roof, refinished hardwood floors, new vinyl plank flooring in lower unit and efficiency, paint, tiled shower surrounds, updated throughout, inspected and currently cash flowing! If you want a turn key investment this is it! Double Lot, plenty of parking and stable tenants. More than a 10% CAP rate with room for even higher returns. Seller is a licensed agent. No showings without preapproval or proof of funds.

Details
Maps
None
Current Price: $129,900
Contract Info
List Price: $129,900
Location & Legal Info
Street #: 2710
Street Direction: W
Street Name: Miller
Suffix: Road
State: MI
Zip Code: 48911
Zip +4: 4572
School District: Lansing
Key: CBX
Township/Tax Authority: Lansing City
County: Ingham
Subdivision: None
Legal: COM 945.5 FT E OF S 1/4 POST, TH E 120 FT, N 233 FT, W 120 FT, S 233 FT TO BEG; SEC 6 T3N R2W
Directions: MLK & MILLER WEST TO HOME ON NORTH SIDE
General Property Info
Building 1 Description: BLDG 1
# of Units: 3
Year Built: 1964
SqFt - Above Appx: 2245
Parking Total: 6
Lot Dimensions: 120X200
Lot Acres: 0.551
ECO Friendly Features: No
Tax Info
State Eq Value: 39200
Taxes: 2664
Tax Year: 2018
Parcel #: 33-01-05-06-455-171
Taxable Value: 39200
Zoning: Residential
Remarks & Misc
Photo Instructions: Office Submit
Status Change Info
Status: Active
Annual Inc & Expense
Gross Rent: 24600
Tax Expense: 2664
Electricity: 1200
Maintenance: 1230
Less Fuel: 1200
Insurance: 800
Management: 2400
Net Income: 15045
Unit 1
Unit: A
Rooms: 5
Baths: 1
Bedrooms: 2
Monthly Income: 775
Finished SqFt: 1060
Expire Date: 2020-01-01
Unit 1 Appliances
Ovens: 1
Ranges: 1
Refrigerators: 1
Unit 2
Unit: B
Rooms: 4
Baths: 1
Bedrooms: 2
Monthly Income: 750
Finished SqFt: 800
Expire Date: 2019-12-31
Unit 2 Appliances
Ovens: 1
Ranges: 1
Refrigerators: 1
Unit 3
Unit: C
Rooms: 3
Baths: 1
Monthly Income: 525
Finished SqFt: 480
Expire Date: 2019-12-01
Unit 3 Appliances
Ovens: 1
Ranges: 1
Refrigerators: 1
Unit Information
Registered/Licenses: 2/1/2019
# Deposits: 3
# Written Leases: 3
Misc Business Info
# Parking: 6
Parking Surface: GRAVEL
Roof Type: SHINGLE
Property Features
Basement: Crawl; Full; Partially Finished
Exterior: Vinyl Siding
Driveway: Gravel
Water: Public
Sewer: Public Sewer
Roof: Shingle
Extras: Smoke Alarm
Garage: No Garage
Heating: Forced Air - Gas
Water Heater: Gas Natural
Land & Acreage: 1/2+ thru 1 Acre
Type: Bi-Level; Two Story
Terms: Cash; Conventional; FHA; VA Loan
Showing: 24 Hour Notice; Combo; Tenant; Showing Time

Listing Office: Coldwell Banker Hubbell BriarWood-Delta

Listing Agent: David Hall

Last Updated: April - 15 - 2019

Information deemed reliable but not guaranteed.

Sunday 21st of April 2019 04:21 AM