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800 N Capitol Avenue, Lansing, Michigan

$300,000Active

800 N Capitol Avenue, Lansing, Michigan 48906
Musselman Realty Company - MLS® ID: 212815

Property Details

800 N Capitol Avenue, Lansing, Michigan 48906 - 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.

Amenities

  • Zip48906
  • CountyIngham
  • SQFT3528
  • StatusActive
  • Purchase TypeActive
  • Property typeCommercial
  • Zoning typeCommercial
  • School districtLansing
  • Year built1865
  • Lot size66*79
  • SewerPublic Sewer
  • HeatingHot Water - Gas
  • Tax amount$2,900.00
  • Tax year2016
  • Office ID289
  • Agent ID5218
  • Agent nameDavid M Bueche
  • MLS® ID212815

Broker: Musselman Realty Company

Listing Courtesy of Musselman Realty Company

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