551 E John R, East Lansing, MI 48823 (MLS# 65502)

551 E John R
East Lansing, MI 48823
MLS# 65502
Status: Closed

551 E John R, East Lansing, MI 48823
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551 E John R, East Lansing, MI 48823 551 E John R, East Lansing, MI 48823

Property Description
Excellent opportunity to own a Class IV (licensed for 4 unrelated) Rental License. Excellent rental History, this home has been well cared for by the owners with updated furnace, thermo pane windows, A/C, vinyl siding & gutters just to name a few. Gleaming hardwood floors, 2 BR & Full Bath on the first level, all white kitchen, 2 Large Bedrooms in the lower level with large egress windows, 2nd Full Bath and Laundry/Storage Room. 1 Car Attached Garage, 3 additional parking spaces, all just 2 blocks from the Cata Bus Stop and all the conveniences of Campus Living! Fully rented through Aug 2016. Please allow 24hr notice to show.

Contract Info
List Price: $135,000
Current Price: $115,000
Lease/List Price/SqFt: 185.44
Location & Legal Info
Street #: 551
Street Direction: E
Street Name: John R
State: MI
Zip Code: 48823
Key: KBX
Township/Tax Authority: East Lansing City
County: Ingham
Legal: N 60 FT OF LOTS 172&173 GRAND VIEW NO 1
General Property Info
Property Sub-Type: Income
# of Units: 1
Year Built: 1961
SqFt - Above Appx: 728
Parking Total: 4
ECO Friendly Features: No
Tax Info
State Eq Value: 65500
Taxes: 4993
Tax Year: 13
Parcel #: 33-20-02-17-108-014
Taxable Value: 63390
Zoning: Residential
Remarks & Misc
Photo Instructions: Office Submit
Status Change Info
Status: Closed
Under Contract Date: 2014-12-03
Sold Date: 2014-12-17
Sold Price: 115000
Leased/Sold Price/SqFt: 157.97
Income & Expenses
Tax Expense: 4993
Total Expense: 7662
Net Operating Income: 10098
Unit 1
Unit: 1
Baths: 2
Bedrooms: 4
Monthly Income: 1480
Finished SqFt: 928
Unit 1 Appliances
Dishwashers: 1
Disposal: 1
Dryers: 1
Ovens: 1
Ranges: 1
Refrigerators: 1
Washers: 1
Unit Information
# Deposits: 4
Property Features
Basement: Full
Exterior: Vinyl Siding
Water: Public
Sewer: Public Sewer
Extras: Cable Installed; Fenced Yard; Smoke Alarm
Garage: 1 Car; Attached
Heating: Forced Air - Gas
Water Heater: Gas Natural
Land & Acreage: Up to 1/4 Acre
Type: Ranch
Terms: Cash; Conventional
Showing: 24 Hour Notice; Key Box; No Sign; Tenant

Listing Office: C B Hubbell BriarWood-Delta

Listing Agent: Lisa Fata

Last Updated: April - 13 - 2018

Information deemed reliable but not guaranteed.

Friday 21st of September 2018 12:13 PM