NOT LISTED FOR SALE

210 Morningside Dr Leslie, MI 49251

-- Bed
-- Bath
3,360 Sq Ft
0.56 Acres

Last Sold August 06, 2024

Last sale price $407,500 $121 Per Sq Ft

25 Days on Market

About This Home

As of August 2024

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

David Hall

Achieve Real Estate LLC License #6502433100 Listed on: 05/31/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,082

Year Built

  • Built in 2017

Lot Details

  • 0.56 Acre Lot

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,360 Sq Ft Home
  • 2-Story Property

Basement

  • Shared Basement
  • Laundry in Basement

Parking

  • 10 Parking Spaces
  • Gravel Driveway
  • Additional Parking
  • Parking Lot

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units
  • Laundry Facilities
  • Insurance Expense $2,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,082

Year Built

Built in 2017

Lot Details

0.56 Acres

Listing Details

  • Tax Year: 2023
  • Levels: Two
  • Year Built: 2017
  • Lot Size Acres: 0.56
  • Lot Size: undefinedxundefined
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 3360.0
  • General Property Info:Lot Size Dimensions: undefinedxundefined
  • General Property Info:Above Grade Finished Area: 3360.0
  • Levels:Two2: Yes
  • Laundry Features:In Basement: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Cooling:Central Air: Yes
  • Exterior:Vinyl Siding: Yes
  • Laundry Features:Common Area: Yes
  • Tax Info:Taxes2: 8082.0
  • Tax Info:Zoning3: Multi-Family
  • General Property Info:Building 1 Description: 4 Unit - 2 Upper / 2 Lower
  • General Property Info:_pound_ of Units: 4
  • Annual Inc Expense:Insurance4: 2700.0
  • Basement:Shared2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Shared
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family

Exterior Features

  • Roof: Shingle
  • RoadSurfaceType: Paved
  • Patio And Porch Features: Other
  • Construction Type: Vinyl Siding
  • Patio Porch Features:Other6: Yes

Garage/Parking

  • Total Parking Spaces: 10.0
  • Parking Features: Additional Parking, Gravel, Parking Lot
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:Additional Parking: Yes
  • General Property Info:Parking Total: 10
  • Parking Features:Parking Lot: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • LaundryFeatures: Common Area, In Basement
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Leslie

Lot Info

  • Lot Size Sq Ft: 24393.6
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Insurance Expense: 2700.0

Tax Info

  • Tax Carrier Route: 9100
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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
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
Source: Greater Lansing Association of Realtors®

Tax History

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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 281032

Greater Lansing Association of Realtors®
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