This 4 unit building in Lansing has been completely remodeled. The building brings in $45,960 annually and is fully occupied. Building has less than 5 year old roof, all wood is in perfect condition. Brick structure is in perfect condition. Structure is top notch no problems. 5 Brand new Commercial 50 Gallon Hot water heaters. 4 Brand new H.E Furnaces. All brand new copper throughout the building as well as Electrical and outlets apart from breaker boxes. Building has passed full inspections and has the certificate of occupancy and the rental inspection completed and passed. Building has Brand new premium Ceramic tiles in all kitchens and bathrooms; brand new chocolate colored kitchen cabinets with extra counter space; Premium chrome dual basket stainless sinks with built in soap dispenser; Brand new full size Kenmore stainless steel appliances and New Whirlpool stainless steel microwaves built in; Brand new premium carpeting in the lower living areas and refinished hardwood floors in the upstairs units; Chocolate covered vanity and medicine cabinet. Brand new Whirlpool coin washer and dryer in the common area.Brand new coin Washer and dryer in Utility room Generates $50-$75 per month. Installed an automatic motion light in the utility room to save electricity, it automatically turns off within 30 seconds of tenants leaving the room. Electrical bill is between $50-$75 per month. Gas is between $25-$35 per month. Water is less than $30 every month. Garbage is $50 bi weekly for 2 Yard service. Tenants are clean, only have to vacuum hallways and sweep laundry rooms once per month. Taxes are in dispute but are $5106.70 bi annually. The dispute will pass to the new owner but lawyer says the property tax will be lowered. Insurance is $1800 per year. Apt 2W: 2 Bedroom 1 Bathroom Rented at $950 with $1350 security deposit. Stainless steel appliances with ice maker, built in sprayer and soap dispenser in Kitchen sink. Brand new in wall 10K BTU air conditioner with remote. Apt 2E: 2 Bedroom 1 Bathroom Rented at $1030 with $1000 security deposit, Section 8 tenant. Stainless steel appliances with ice maker, built in sprayer and soap dispenser in kitchen sink. Brand new in wall 10K BTU air conditioner with remote. Apt 1E: 2 Bedroom 1 Bathroom Rented at $950 with $950 security deposit, stainless steel appliances with ice maker, built in sprayer and soap dispenser in kitchen sink. Brand new in wall 8K BTU air conditioner with remote. Apt 1W: 1 Bedroom 1 Bathroom rented at $900 with $900 security deposit, stainless steel appliances with ice maker, built in sprayer and soap dispenser in kitchen sink. Brand new in wall 8K BTU air conditioner with remote. Status: Active MLS Number: TBD Bedrooms: 7 Full Baths: 4 Price: $315,000 Square Feet: 3,287 sqft Year Built: 1963 Lot Size: 6375 Yearly Taxes: $10,212 Additional Features: 5 Brand new Commercial 50 Gallon Hot water heaters., 4 Brand new H.E Furnaces., Brand new copper throughout the building. , Brand new electrical and outlets., Brand new coin Washer and dryer., Stainless steel appliances with ice maker in all units., Brand new in wall 10 & 8K BTU air conditioners with remote in each unit.
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