Real Estate One®

Looking for multiple rental properties with proven rental history? This property is part of a bundle of properties in a portfolio. The bundle includes 1624 W Willow Street, Lansing, MI 48915 (MLS #286570), which is rented at $1,220/month (Market Rent $1,250) until 4/30/2025. It also includes 1505 N Martin Luther King Jr Blvd, Lansing, MI 48915 (MLS #286572), which is rented at $1,075/month (Market Rent $1,300) until 7/31/2025. Additionally, the bundle includes 425 Filley St, Lansing, MI 48906 (MLS #286571), which is rented at $1,000/month (Market Rent $1,250) on a month-to-month basis. The bundle also includes 1365 Roosevelt Ave, Lansing, MI 48915 (MLS #285751), which is vacant and move-in ready. Finally, this bundle includes 405 E Hodge Avenue, Lansing, MI, 48910 (MLS #286738), which collects $1,750/month between the two units. Contact your agent for a copy of the PDF regarding this portfolio. The lower unit of this duplex is complete with two bedrooms and updates that are sure to impress; with stainless steel appliances, a new countertop in the kitchen with freshly painted cabinets, vinyl and refinished hardwood floors throughout, and a tiled shower surround in the bathroom, this unit was recently rented for $1,000/month. This unit has spacious living areas and is complete with access to the laundry hookups and storage space that the basement provides. The upper unit has a private entrance on the west side of the duplex and offers the upper tenant their own floor to occupy. This 1 bedroom, 1 bathroom unit has a current rental rate of $750/month, with a market rent potential of $850/month. This property also has plenty of tangible features beyond the rental numbers that will ensure sustainable success moving forward. With a 1 car garage that offers tenants on-site covered parking, multiple driveway parking spaces, and a bus stop less than a block away, transportation options provide a rental perk that satisfies most all potential tenants. Beyond the garage lies an enormous, privately fenced in back yard that provides another perk to any tenant that enjoys the outdoors. This duplex also holds the value-add potential that you are looking for. Each unit currently has separate meters for electrical and is tenant paid. The upper unit features baseboard heat and the forced air furnace heats the lower unit. Water supply lines and drains were replaced in 2023. This leaves the property ripe for value-add potential by splitting the water and HVAC. In the meantime, this property is sure to impress both traditional investors and house hackers alike. This property will not last on the market long. Submit your offer today before it's too late!