800 N Capitol Avenue, Lansing, Michigan
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.
Listing Courtesy of Musselman Realty Company