1606 Coleman Avenue

Lansing, Michigan 48910

  • 5 Bed(s)
  • 5 Bath(s)
  • 2,832 Sqft
  • 0.25
    Acre(Lot)
$278,500

Description

Investors!!! cash flow day one! fully occupied, 5 unit building available. all units consist of 1 bedroom, 1 bathroom, a kitchen, and a living room. new roof 2023. new commercial size boiler 2022. city inspection passed 2024 and rental certificate in good standing. all 5 units are up to date on rent and utility payments. owner paid utilities charged to residents utilizing the ratio utility billing system. cash flow up to $4000 a month! no land contracts or subject to. sold as is.

  • Property Type

    Multifamily

  • Subdivision

    Park Place Sub

  • County

    Ingham

  • Style

    Other

  • AD ID

    48338321

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Property Details

  • Bathroom Information

    • Total Baths: 5
    • Full Baths: 5

    Interior Features

    • Roof : Asphalt
    • Basement Description: Unfinished

    Heating & Cooling

    • Cooling: Window Unit(s)
    • Heating: Radiant
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1905
    • Building Stories: 2 Story
    • Total Units: 5
    • Roof: Asphalt
    • Foundation/Basement: Basement,Michigan Basement
    • Architecture: Other

    Exterior Features

    • Construction: Vinyl

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.25
    • Dimensions: 42x132

    Property Information

    • SQ ft: 2832
    • Subdivision: PARK PLACE SUB
    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $278,500

    Listing Information

    • Possession: Subject To Tenant Rights
    • Legal Description: N 42 FT OF S 73 FT LOTS 1 & 2 BLOCK 3 PARK PLACE

  • Tax Information

    • Annual Tax: $6,501
    • Parcel Number: 33010121377131

    Possession

    • Subject To Tenant Rights

    Legal Information

    • Legal Description: Section: N 42 FT OF S 73 FT LOTS 1 & 2 BLOCK 3 PARK PLACE

  • Parking Information

    • Parking: 10

    Multi-Unit Information

    • Road Frontage: Paved

    Unit 1 Information

    • # of Bedrooms: 5

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 01/20/2025 @ 17:25

  • MLS: 622342440
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 5 bedrooms which is for sale, it has 2,832 sqft, 0 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Lansing , in zip code 48910, this Ingham County Multifamily , it is in the PARK PLACE SUB Subdivision, are nearby neighborhoods.