Great investment opportunity with strong income potential in this 3 unit multifamily home located in the City of Lansing. The property features 3 total units: 2 units are 1 bedroom, 1 bath, and the 3rd unit is a studio, offering a versatile rental mix. Apartment A is a 1 bedroom renting for $1,001. Apartment B is a 1 bedroom renting for $900 and is currently vacant. Apartment C is a studio apartment renting for $850 and is also vacant. Great location close to area amenities, shopping, and transportation routes. Properties may be sold individually or together with 1223 N Washington, providing added portfolio flexibility. Tenant occupied. 48 hour notice required for all showings. Solid opportunity for investors seeking immediate rental income in a desirable rental market.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Source: Greater Lansing AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.