313 W Cesar E. Chavez Avenue, Lansing, MI 48906 (MLS# 235181)


$78,900
313 W Cesar E. Chavez Avenue
Lansing, MI 48906
MLS# 235181



313 W Cesar E. Chavez Avenue, Lansing, MI 48906
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313 W Cesar E. Chavez Avenue, Lansing, MI 48906 313 W Cesar E. Chavez Avenue, Lansing, MI 48906 313 W Cesar E. Chavez Avenue, Lansing, MI 48906 313 W Cesar E. Chavez Avenue, Lansing, MI 48906 313 W Cesar E. Chavez Avenue, Lansing, MI 48906 313 W Cesar E. Chavez Avenue, Lansing, MI 48906

Property Description
3 Unit Multi-Family home, great investment opportunity with 18% cap rate. Near shopping, LCC, Cooley Law school great for students while collecting income! Live in 1 unit and practically live for free with 2 units bringing in income. The 1st floor unit has been completely renovated! Don't miss out on this Great opportunity. Land contract available 25% down

Details
Maps
None
Current Price: $78,900
Contract Info
List Price: $78,900
Location & Legal Info
Street #: 313
Street Direction: W
Street Name: Cesar E. Chavez
Suffix: Avenue
State: MI
Zip Code: 48906
School District: Lansing
Key: CBX
Township/Tax Authority: Lansing City
County: Ingham
Subdivision: None
Legal: W 2 R LOTS 1 & 2 BLOCK 36 ORIG PLAT
Directions: Grand River between Walnut & Seymour
General Property Info
Building 1 Description: Multi-Family
# of Units: 3
Year Built: 1875
SqFt - Above Appx: 1760
Parking Total: 8
Lot Dimensions: 33x132
Lot Acres: 0.1
ECO Friendly Features: No
Tax Info
State Eq Value: 32200
Taxes: 2306
Tax Year: 2018
Parcel #: 33-01-01-09-329-221
Taxable Value: 28990
Zoning: Multi-Family
Remarks & Misc
Photo Instructions: Office Submit
Status Change Info
Status: Active
Annual Inc & Expense
Gross Rent: 18000
Water/Sewer Expense: 250
Tax Expense: 2506
Electricity: 250
Maintenance: 1500
Total Expense: 6000
Insurance: 1500
Net Income: 12000
Unit 1
Unit: 1
Rooms: 5
Baths: 1
Bedrooms: 2
Monthly Income: 600
Finished SqFt: 960
Tenant Name: Vacant
Unit 1 Appliances
Ovens: 1
Ranges: 1
Refrigerators: 1
Unit 2
Unit: 2
Rooms: 3
Baths: 1
Bedrooms: 1
Monthly Income: 500
Finished SqFt: 536
Unit 2 Appliances
Ovens: 1
Ranges: 1
Refrigerators: 1
Unit 3
Unit: 3
Rooms: 1
Monthly Income: 400
Finished SqFt: 264
Unit Information
Registered/Licenses: City of Lansing
# Deposits: 2
# Written Leases: 1
Extras
High Speed Internet: 1
Property Features
Basement: Partial
Exterior: Wood Siding
Driveway: Concrete
Water: Public
Sewer: Public Sewer
Roof: Shingle
Extras: Cable Installed; Smoke Alarm
Garage: No Garage
Heating: Forced Air - Gas
Water Heater: Gas Natural
Land & Acreage: Up to 1/4 Acre
Type: 3 Story
Terms: Cash; Conventional; Land Contract
Showing: Key Box; Sign on Property; Tenant; Showing Time

Listing Office: Laura DeLong Realty

Listing Agent: James Davis

Last Updated: April - 10 - 2019

Information deemed reliable but not guaranteed.

Sunday 21st of April 2019 04:29 AM