Seller's Agent in 2024
David Hall
Achieve Real Estate LLC
(517) 712-8329
2 in this area
119 Total Sales
Welcome to an exceptional opportunity to own a newly built multi-unit building in a great private location. This property is ideal for investors seeking a high-demand rental property with minimal maintenance and significant value-add potential.
Both buildings comprise 4 modern units, each equipped with top-tier amenities to ensure tenant satisfaction and longevity. Ample parking is available for tenants and guests, adding to the convenience. Each unit features A/C, granite countertops, hardwood floors, large bedrooms, coin-operated washers and dryers, and private decks. These amenities cater to the needs of long-term tenants, ensuring a high retention rate and low vacancies. The property is in high demand, with a waiting list of prospective tenants. Market analysis indicates that rents could be increased by up to 20%, offering substantial income growth potential. Currently half the rents are $980/month and the rest are $1,050/month. Tenants pay all utilities except for water which average $175 per quarter per building.
Minutes from the highway, schools and shopping this is a great location for a long term investment.
Last Agent to Sell the Property
Achieve Real Estate LLC License #6502433100 Listed on: 05/31/2024
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/06/2024 08/06/24 | Sold | $407,500 | -4.1% | $121 / Sq Ft |
| 06/25/2024 06/25/24 | Pending | -- | -- | -- |
| 05/31/2024 05/31/24 | For Sale | $424,900 | -- | $126 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,600 | $164,600 | $10,200 | $154,400 |
| 2024 | $41 | $164,600 | $10,200 | $154,400 |
| 2023 | $8,082 | $141,200 | $10,200 | $131,000 |
| 2022 | $7,703 | $124,600 | $10,500 | $114,100 |
| 2021 | $7,579 | $119,500 | $10,500 | $109,000 |
| 2020 | $7,471 | $116,750 | $10,500 | $106,250 |
Seller's Agent in 2024
David Hall
Achieve Real Estate LLC
(517) 712-8329
2 in this area
119 Total Sales
Source: Greater Lansing Association of Realtors®
MLS Number: 281032
Ask me questions while you tour the home.