Excellent cash-flow opportunity! This registered 3-unit rental in the City of Lansing is priced at just $115,000 and offers immediate income potential with two vacant units ready for a new owner to lease or occupy. The property features one 2-bedroom/1-bath unit, one 1-bedroom/1-bath unit, and one studio currently tenant-occupied. Previous rents were approximately $900 for the 2-bedroom, $835 for the 1-bedroom, and $675 for the studio. Each unit has separate utilities (owner pays water only), with individual furnaces for Units 1 and 2 and baseboard heat in Unit 3. Additional features include a newer roof (approximately 3 years old), rental license valid through 7/1/2027, and a convenient location just minutes from Lansing Community College, downtown Lansing, shopping, and major highways.
Source: Gateway To Homes at Keller Williams #231315Report a problem
10/12/2018
Listed for sale
$79,900
Source: Gateway To Homes at Keller Williams #231315Report a problem
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Monthly payment
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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.