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$55,000 For Sale

714 Lansing Ave
Jackson, MI 49202

7 units | Multi Family Home
0.18 acres - MLS# 201804544
Property Photo
1/8

Description

Remarkable Value! 7 Unit Property with 5 efficiencies and 2- 1 or 2 bedroom apartments. 4 apartments are main floor with 3 upstairs. Most units have a stove and refrigerator which are presumed functional but not guaranteed. Boiler heat and water heaters in the basement. Property is currently being cleaned and painted. Updates include new roof in 2008/2010, electric in 2017, Windows in 2018. Low taxes and utilities make this a money-making investment. Close to bus lines, shopping and city and schools. More expense details available for the qualified, interested investor. Property is priced to sell as-is. Any updates required to advance toward City Certification will be the cost of the buyer and/or be reflected in an increased purchase price. Quotes are being received to establish what those costs potentially will be.

Features

  • County/Area: Jackson County
  • Ea Unit Misc. 1: Smoke Alarm, Range/Oven, Refrigerator
  • Ea Unit Misc. 2: Range/Oven, Refrigerator
  • Ea Unit Misc. 3: Smoke Alarm, Range/Oven, Refrigerator
  • Ea Unit Misc. 4: Smoke Alarm, Range/Oven, Refrigerator
  • Electric Exp: 8400
  • Electric Paid By: Owner
  • Flooring: Carpeting, Vinyl/Laminate, Wood
  • Foundation: Full Basement
  • Fuel Paid By: Owner
  • Fuel Type: Natural Gas
  • Gas Paid By: Owner
  • Gross Rent: 46200
  • Heat/Cool: Hot Water Heater, Gas Water Heater
  • Insurance Exp: 1500
  • Insurance Paid By: Owner
  • Land Description: Sidewalk
  • Listing Status: Active
  • Lot Front: 72
  • Lot Size: 72x109
  • Maint Paid By: Owner
  • Management Paid By: Owner
  • Misc. Exterior: Personal Property
  • Net Income: 32562
  • New-Occupied: Pre-Owned
  • Property Type: Multi Family Home
  • Road Type: Paved, Paved Driveway
  • School District: Jackson
  • Source Of Sqft: Assessors Data
  • Sq.Ft.: 3077
  • Stories: 2 Story
  • Style: 2 Story, Upper/Lower, Side By Side
  • Sub Type: 5 Or More Units
  • Taxes Paid By: Owner
  • Total Expense: 13638
  • Total Income: 46200
  • Township: City Of Jackson
  • Trash Rem Exp: 700
  • Trash Removal Paid By: Owner
  • Unit 1 # Bdrms: 1
  • Unit 1 # Full Baths: 1
  • Unit 1 # Of Parking: 1
  • Unit 1 # Rooms: 2
  • Unit 1 Curr. Mo. Rent: $550
  • Unit 1 Sq Ft: 216
  • Unit 2 # Bedrooms: 1
  • Unit 2 # Full Baths: 1
  • Unit 2 # Of Parking: 1
  • Unit 2 # Rooms: 2
  • Unit 2 Curr. Mo. Rent: $550
  • Unit 2 Sq Ft: 240
  • Unit 3 # Bedrooms: 1
  • Unit 3 # Full Baths: 1
  • Unit 3 # Of Parking: 1
  • Unit 3 # Rooms: 2
  • Unit 3 Curr. Mo. Rent: $550
  • Unit 3 Sq Ft: 216
  • Unit 4 # Bedrooms: 1
  • Unit 4 # Full Baths: 1
  • Unit 4 # Of Parking: 1
  • Unit 4 # Rooms: 4
  • Unit 4 Curr. Mo. Rent: $550
  • Unit 4 Sq Ft: 690
  • Unit 5 # Bedrooms: 1
  • Unit 5 # Full Baths: 1
  • Unit 5 # Of Parking: 1
  • Unit 5 # Rooms: 3
  • Unit 5 Curr. Mo. Rent: $550
  • Unit 5 Sq Ft: 506
  • Unit 6 # Bedrooms: 2
  • Unit 6 # Full Baths: 1
  • Unit 6 # Of Parking: 1
  • Unit 6 # Rooms: 4
  • Unit 6 Curr. Mo. Rent: $550
  • Unit 6 Sq Ft: 304
  • Unit 7 # Bedrooms: 1
  • Unit 7 # Full Baths: 1
  • Unit 7 # Of Parking: 1
  • Unit 7 # Rooms: 2
  • Unit 7 Curr. Mo. Rent: $550
  • Unit 7 Sq Ft: 320
  • Units: 7
  • Water/Sewer: Community/Public Water, Community/Public Sewer
  • Water/Sewer Paid By: Owner
  • Wtr/Sew Exp: 1800
  • Year Built: 1940
  • Zip Code: 49202
  • Zoning: Commercial

Courtesy of:

  • More info
  • Kathy Byerly
    ERA Reardon Realty - Jackson
    Direct: 517-581-1623
    Fax: 517-782-3688
    Email: KathyByerlyHomes@gmail.com
    Website: www.KathyByerly.com

     
  • More info

ERA Reardon Realty 
910 N. West Avenue
Jackson, MI 49202
Phone: 517-782-2996
Email: info@erareardonrealty.com

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