Bought with RE/MAX Real Estate Professionals
$124,750
$150,000
16.8%For more information regarding the value of a property, please contact us for a free consultation.
118 Lansing ST Eaton Rapids, MI 48827
7,623 Sqft Lot
Key Details
Sold Price $124,750
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Leisenring
MLS Listing ID 291131
Style Traditional
Year Built 1880
Tax Year 2024
Lot Size 7,623 Sqft
Property Description
Welcome to 118 Lansing Street, a rare duplex investment offering excellent cash flow and smart updates. Each unit provides 2 bedrooms, 1 bath, and laundry hookups, with separate meters in place. Tenants cover all utilities, lawn care, and snow removal, keeping owner expenses low. The main level unit has updated flooring, is currently vacant. The upper unit is also vacant. Rents were $950 for the upstairs unit and $985 for the downstairs unit. With a new roof already in place, major expenses are taken care of. Whether you're an investor looking for a 10%+ cap rate or a buyer planning to live in one unit while renting the other, 118 Lansing Street is a property you won't want to miss.
Location
State MI
County Eaton
Community Leisenring
Interior
Heating Forced Air, Natural Gas
Cooling None
Flooring Carpet, Vinyl
Laundry Laundry Room
Exterior
Exterior Feature Rain Gutters
Parking Features Driveway
Fence Back Yard, Chain Link
Pool None
Waterfront Description false
View Y/N No
Roof Type Shingle
Building
Lot Description Back Yard, City Lot, Few Trees, Front Yard, Rectangular Lot
Sewer Private Sewer
Schools
High Schools Eaton Rapids
School District Eaton Rapids
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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