Price Reduced! 10% Cap Rate in Lansing area

[Carmen Elliott]

This home has been renovated, remodeled and updated.  Great location - 10 minutes from Michigan State University, 5 minutes from local hospitals and 10 minutes from downtown Lansing. Shopping, dining and other attractions also within 5-10 minute drive. This home comes with a fully remodeled kitchen, all stainless steel appliances (less than a year old), fully remodeled bathroom, newer windows, fully re-insulated walls and attic in 2017 for energy savings and wood flooring throughout. Full basement is partially finished and includes plenty of storage with built-in bar, bathroom and laundry room with new washer and dryer. Spacious fenced yard (corner lot) and 2 car garage.

House is currently tenant occupied. 24hrs notice required for viewing. Property management available, if desired.

• Annual income: $14,100
• Annual Insurance: $700
• Annual property taxes: $2,241.11
• Misc.  Expenses/Maintenance: $1000/yr
• Annual Net Operating Income: $10,158.89

See listing for photos, more information - https://www.flexmls.com/share/1Wh4w/2318AlphaStreetLansingMI48910