TThis property is one of 4 duplexes all next to each other on N Hagadorn in East Lansing, each with class IV License. Total cost for the full portfolio is $1,000,000.00 All units are fully occupied and licensed. Each has a 1 car attached garage, A/C, walk-out basement, large backyards, and newer roofs. These are excellent investments with no vacancy history. Due to long term tenants, rents are a little below market average of $1,300.00 At current rents, gross income for all properties is $98,880a year with an estimated NOI of $39,111.00 At market rent rates that would be gross income of $124320.00 with an estimated NOI of $64551.00 These numbers are estimates only based on information provided by property management and do not consider financing expenses. Property interiors are in excellent condition.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
