1310 Sunset Avenue

    Lansing, MI 48917
    • $425,000
    • STATUS: Active
    • ON SITE: 47 days
    • ID#: 630000231649
    UPDATED: 57 min ago
    $425,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,860
      SQFT
    • $54
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1969
    County:
    Area:
    Zoning: Commercial
    Lot Size Dimensions: 0.383

    School Ratings & Info

    School District:

    Description

    This 12 unit apartment complex is a great investment. All units have 2 bedrooms, 1 bathroom, and all 2nd & 3rd level units have balconies. 1 unit rents for $425 a month, all the rest are between $600 & $700 a month. However, leases are up for renewal and all units will rent for $700 a month. Tenants pay electric, owner pays for the rest (trash, water, etc.). Additional features include: coin laundry on the ground level, boiler heat, an out building for storage, and rental license is good for 2 years. Please see attached rent rolls.

    Monthly Payment Calculator

    Copyright 2018 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Keller Williams West Bloomfield are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2018-12-13T12:57:17.167.
    www.purchasemi.com/homes/88887939

    1310 Sunset Avenue Lansing, MI 48917

    • Price: $425,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: 630000231649
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    7,860
    SQFT
    $54
    $/SQFT
    1969
    Built
    Neighborhood:
    None
    County:
    Ingham
    Area:
    Lansing
    School District:
    LANSING
    Property Description
    This 12 unit apartment complex is a great investment. All units have 2 bedrooms, 1 bathroom, and all 2nd & 3rd level units have balconies. 1 unit rents for $425 a month, all the rest are between $600 & $700 a month. However, leases are up for renewal and all units will rent for $700 a month. Tenants pay electric, owner pays for the rest (trash, water, etc.). Additional features include: coin laundry on the ground level, boiler heat, an out building for storage, and rental license is good for 2 years. Please see attached rent rolls.
    Exterior Features

    Construction Materials Brick Lot Size Dimensions 0.383 Railroad YN No Roof Material Shingle

    Interior Features

    Commercial Utilities Cable TvSmoke Alarm Heating Cooling Hot WaterWindow/Wall Unit Heating Fuel Natural Gas Room Count 0 Sq Ft Main 2620 Water Heater Fuel Natural Gas

    Property Features

    Buildings List Garage Commercial Type Apartments Current Use Residential Exclusions YN No Gross Scheduled Income 93600.00 Listing Financing CashConventional Net Operating Income 63705.00 Operating Expense 29895.00 Possession Tbd Postal City Lansing Settlement City Sewer Sewer-Sanitary Tax Amount Summer 8342.0000 Title Private - Owned Total Tax 8342.0000 Unparsed Address 1310 Sunset Avenue Water Source Municipal Water Zoning Commercial

    IDX provided courtesy of Realcomp II Ltd., via Keller Williams Realty Lansing-East and Greater Lansing AOR MLS, ©2018 Realcomp II Ltd. Shareholders.
    Copyright 2018 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Keller Williams West Bloomfield are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2018-12-13T12:57:17.167.
     
    Keller Williams West Bloomfield
    30500 Northwestern Hwy Ste 300
    Farmington Hills MI, 48334