Seller's Agent in 2024
David Hall
Achieve Real Estate LLC
(517) 712-8329
2 in this area
141 Total Sales
210 Morningside Dr Leslie, MI 49251
--
Bed
--
Bath
3,360
Sq Ft
0.56
Acres
About This Home
As of August 2024Welcome 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
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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 Compared to Growth
Agents Affiliated with this Home
-
David Hall
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 281032
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