800 N Capitol Avenue
Lansing, MI 48906
$300,000
42882_101_12 42882_201_12 42882_301_12
Corner Lot, the address of the Madison Street unit is 128 W Madison. Don't let the exterior fool you, this apartment house has excellent cash flow! This is a 7 unit apartment building; 2 of the units are 1 bedroom and 5 are studio layout. All units have own bath and kitchens. Unit 1 is a studio and rents 450 mo; Unit 2 is a studio and rents 450 mo; Unit 3 is a 1 Br and rents 475 mo; Unit 4 is a studio and rents for 385 mo; Unit 5 is a studio and rents for 450 mo; Unit 6 is a studio and rents for 365 mo; Unit 7 is a 1 Br and rents for 550 month. Gross yearly rents are around $36,000; owner does pay utilities which are about $10,500 yr.

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Property Details
Status: Active
County: Ingham
Taxes: $2,900
Acreage: 0.0
Lot Dimensions: 66*79
Price/SqFt: $85
Zoning: Commercial
Current Use: Other,Residence
Water: Public
Site Description: Up to 1/4 Acre
Sub Property Type: Commercial Sale
Possession: Ten Rt
Above Grade Finished SqFt 3,528
Year Built: 1865
Comm. Total Space: 1120.00
Heating: Hot Water - Gas
 
Listing Office: Musselman Realty Company
Office Address: 322 Abbot Road
Listing Number: 212815
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