NOT LISTED FOR SALE

1606 Coleman Ave Lansing, MI 48910

Moores Park Neighborhood
5 Beds
5 Baths
2,832 Sq Ft
0.25 Acres

Last Sold April 24, 2023

Last sale price $178,491 $63 Per Sq Ft

35 Days on Market

About This Home

As of April 2023

INVESTORS!!! Cash flowing 5 unit building with steady occupancy history. New commercial size boiler (2023). One unit available for viewing. Rent is currently $650 for each of 4 units, with the 5th unit vacant. To respect the tenants, the remaining units will be viewable upon accepted agreement. LAND CONTRACT WELCOME!

Last Agent to Sell the Property

Amber Harte

Good Company License #6501426257 Listed on: 03/15/2023

Good Company

Last Buyer's Agent

Amber Harte

Good Company License #6501426257 Listed on: 03/15/2023

Good Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1905

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 42x132
  • Fenced

Parking

  • 6 Parking Spaces

Home Design

  • Stone Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 5 Full Bathrooms
  • 2,832 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 33010121377131

Community Details

Overview

  • 5 Units
  • Park Place Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,269

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Year Built: 1905
  • State Equalized Value: 68600.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Basement Type: Unfinished
  • Total Sq Ft: 2832

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Michigan Basement
  • Construction Materials: Vinyl
  • Exterior Features: Fenced
  • Foundation Materials: Stone
  • Road Frontage Type: Paved

Garage/Parking

  • Total Parking Spaces: 6

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Window Unit(s)
  • Heating: Radiant
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 778000.0000
  • Lot Size Area: 0.25
  • Lot Dimensions: 42x132
  • Parcel Number: 33010121377131
  • Zoning: Multi-Family, Residential

Rental Info

  • Deposit Amount: 38900.00
  • Rent Includes: Heat, Electric, Water
  • Monthly Rental Income: 3250

Tax Info

  • Tax Amount Summer: 3716.0000
  • Tax Amount Winter: 553.0000
  • Total Tax: 4269.0000
  • Taxable Value: 56012.0000

Multi Family

  • Gross Scheduled Income: 39000.00
  • Number Of Units Total: 5

MLS Schools

  • School District: Lansing

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/24/2023 04/24/23 Sold $178,491 -8.2% $63 / Sq Ft
04/19/2023 04/19/23 Pending -- -- --
03/15/2023 03/15/23 For Sale $194,500 +21.6% $69 / Sq Ft
09/13/2022 09/13/22 Sold $160,000 -8.6% $56 / Sq Ft View Prior Sale
08/15/2022 08/15/22 For Sale $175,000 -- $62 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Amber Harte

    Seller's Agent in 2023

    Amber Harte

    Good Company

    (248) 444-6809

    1 in this area

    51 Total Sales

    Amber Harte
    Section Image
  • David Hall

    Seller's Agent in 2022

    David Hall

    Achieve Real Estate LLC

    (517) 712-8329

    4 in this area

    127 Total Sales

    David Hall
    Section Image

  • N

    Buyer's Agent in 2022

    Non Member

    Non Member Office

See All Agents

Map

Source: Realcomp

MLS Number: 20230018417

Realcomp
Michigan Ingham County Lansing 48910 Moores Park

1606 Coleman Ave, Lansing, MI

Not Listed for Sale

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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