1009 W Ionia Street

    Lansing, MI 48915
    • $109,900
    • STATUS: Active
    • ON SITE: 95 days
    • ID#: 219117533
    Price Reduced
    UPDATED: 75 min ago
    $109,900
    • 0
      BEDS
    • 0.18
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 1,872
      SQFT
    • $59
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1941
    County:
    Area:
    Zoning:
    Multi-Family
    Lot Size Dimensions:
    39.20X198.00

    School Ratings & Info

    School District:

    Description

    Investment property duplex upper / lower two bedroom each. This property is currently rented to one family tenant at $1200 monthly leased through February 2020. Transition back to two unit minimal with income opportunity of $750 each with a total of $1500 monthly / $18,000 annual gross / $13,000 annual net (11% ROI). Property located in a good area few blocks from the Capitol, downtown, and bus route. All information PRD approximate and should be verified.

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    © 2020 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Springview Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2020-02-25T08:56:30.48.
    www.springviewrealty.com/homes/101174305

    1009 W Ionia Street Lansing, MI 48915

    • Price: $109,900
    • Status: Active
    • Updated: 75 min ago
    • ID#: 219117533
    0
    Beds
    2
    Baths
    0
    ½ Baths
    0.18
    Acres
    1,872
    SQFT
    $59
    $/SQFT
    1941
    Built
    Neighborhood:
    Claypool Sub
    County:
    Ingham
    Area:
    Lansing
    School District:
    LANSING
    Property Description
    Investment property duplex upper / lower two bedroom each. This property is currently rented to one family tenant at $1200 monthly leased through February 2020. Transition back to two unit minimal with income opportunity of $750 each with a total of $1500 monthly / $18,000 annual gross / $13,000 annual net (11% ROI). Property located in a good area few blocks from the Capitol, downtown, and bus route. All information PRD approximate and should be verified.
    Exterior Features

    Architecture Level 2 Story Architecture Style Colonial Construction Materials Aluminum Foundation Details Basement Foundation Materials Block Lot Size Dimensions 39.20X198.00 Multifamily Parking Assigned SpacesGarages Parking Total 6 Pool YN No Porch Type Porch Road Frontage Feet 39 Road Frontage Type Paved Roof Material Asphalt Waterfront YN No

    Interior Features

    Basement Type Unfinished Basement YN Yes Baths Total 2.00 Cooling Window Unit(S) Heating Forced Air Heating Fuel Natural Gas Room Count 0 Sq Ft Combined 1872 Sq Ft Total Basement 800 Unit Efficiency Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 2 Water Heater Fuel Natural Gas

    Property Features

    Assessment 0 Encroachment YN No Exclusions YN No Gross Scheduled Income 14400.00 Income Projection Actual Inventory List YN No Land Contract YN No Legal Rental Certified YN Yes Listing Financing CashConventional Monthly Rental Income 1200 Net Operating Income 9600.00 Number Of Units Leased 2 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Postal City Lansing Protection Period 90 Restrictions YN No Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 3001.0000 Tax Amount Winter 645.0000 Title Private - Owned Total Tax 3646.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 1009 W IONIA ST Water Source Municipal Water Zone Conform YN Yes Zoning Multi-Family

    IDX provided courtesy of Realcomp II Ltd., via Apm Real Estate Group and Realcomp, ©2020 Realcomp II Ltd. Shareholders.


    © 2020 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Springview Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2020-02-25T08:56:30.48.
     
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