412 W Genesee Street
Lansing, MI 48933
MLS #222737

Multi-Family
  • 2units
  • 0.15acres
  • 2,156sq ft
$149,900
Est. P&I payment: $572.52/mo
412 W Genesee Street, Lansing, MI 48933
  • 412 W Genesee Street, Lansing, MI 48933 Photo 1
  • 412 W Genesee Street, Lansing, MI 48933 Photo 2
  • 412 W Genesee Street, Lansing, MI 48933 Photo 3
  • 412 W Genesee Street, Lansing, MI 48933 Photo 4
  • 412 W Genesee Street, Lansing, MI 48933 Photo 5
  • 412 W Genesee Street, Lansing, MI 48933 Photo 6
  • 412 W Genesee Street, Lansing, MI 48933 Photo 7
  • 412 W Genesee Street, Lansing, MI 48933 Photo 8
  • 412 W Genesee Street, Lansing, MI 48933 Photo 9
  • 412 W Genesee Street, Lansing, MI 48933 Photo 10
  • 412 W Genesee Street, Lansing, MI 48933 Photo 11
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Description for 412 W Genesee Street, Lansing, MI 48933
Gorgeously renovated duplex just a few blocks from LCC. AS of 2016 the building has all new plumbing, wiring, roof, front wrap around porch, back porch, one new furnace and water heater. Both units were updated: kitchens, bathrooms, flooring, paint, washer/dryer (in each unit), etc. This property is a must see!! Great opportunity for investor for passive income. Both units are occupied with fantastic tenants, lower unit has been there for over a year and lease expires Nov. 2018, upper unit just signed 1 yr lease that expires April 2019.
MLS #222737
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My Notes for MLS #222737

General Features

  • Property Type: E
  • Status: Active
  • List Price: 149,900
  • Year Built: 1890
  • Zoning: Residential
  • Subdivision: None
  • Township/Tax Authority: Lansing City
  • # of Units: 2
  • Land & Acreage: Up to 1/4 Acre
  • Roof: Shingle
  • Basement: Full
  • Extras: Smoke Alarm
  • Garage: No Garage
  • SqFt - Above Appx: 2,156

Miscellaneous Features

  • Building 1 Description: Duplex
  • Unit 1: Tenant Name: Occupied
  • Unit 2: Tenant Name: Occupied

Income Features

  • Annual Inc & Expense: Gross Rent: 18,207
  • Annual Inc & Expense: Tax Expense: 3,667
  • Annual Inc & Expense: Maintenance: 800
  • Annual Inc & Expense: Total Expense: 5,990
  • Annual Inc & Expense: Insurance: 1,523
  • Annual Inc & Expense: Net Income: 12,217

Units Features

  • Unit 1: Unit: Lower
  • Unit 1: Rooms: 5
  • Unit 1: Baths: 1
  • Unit 1: Bedrooms: 2
  • Unit 1: Monthly Income: 900
  • Unit 1: Finished SqFt: 1,100
  • Unit 1: Expire Date: 2018-11-30
  • Unit 1 Appliances: Dryers: 1
  • Unit 1 Appliances: Refrigerators: 1
  • Unit 1 Appliances: Dishwashers: 1
  • Unit 1 Appliances: Microwaves: 1
  • Unit 1 Appliances: Ovens: 1
  • Unit 1 Appliances: Ranges: 1
  • Unit 1 Appliances: Washers: 1
  • Unit 2: Unit: Upper
  • Unit 2: Rooms: 5
  • Unit 2: Baths: 1
  • Unit 2: Bedrooms: 2
  • Unit 2: Monthly Income: 825
  • Unit 2: Finished SqFt: 1,056
  • Unit 2 Appliances: Dryers: 1
  • Unit 2 Appliances: Ranges: 1
  • Unit 2 Appliances: Refrigerators: 1
  • Unit 2 Appliances: Microwaves: 1
  • Unit 2 Appliances: Washers: 1
  • Unit 2 Appliances: Ovens: 1
  • Unit 2 Appliances: Dishwashers: 1
  • Unit Information: Registered/Licenses: CR15-0388
  • Unit Information: License/Register Exp: 2018-04-01
  • Unit Information: # Deposits: 1
  • Unit Information: # Written Leases: 1

Exterior Features

  • Driveway: Concrete,​Joint
  • Exterior: Vinyl Siding
  • Lot Dimensions: 49.5 x 132
  • Lot Acres: 0.15

Financial Features

  • Taxes: 3,667
  • Tax Year: 2017
  • Taxable Value: 47,624

School Features

  • School District: Lansing

Utility Features

  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas Natural
  • Heating: Forced Air - Gas

Location

 
Street View Not Available
Directions to 412 W Genesee Street, Lansing, MI 48933
I496/WALNUT N ON WALNUT, W ON GENESEE STREET TO PROPERTY ON RIGHT
The listing information for 412 W Genesee Street, Lansing, MI 48933 was graciously provided by our friends at the listing brokerage, Keller Williams Realty Lansing-East

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Last Updated 04/26/2018 at 8:49pm
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