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811 Larned Street

Lansing, MI 48912
  • $90,000
  • STATUS: Active
  • ON SITE: 37 Days
  • ID#: 24004691
UPDATED: 119 min ago
$90,000
  • 4
    BEDS
  • 0.03
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,324
    SQFT
  • $68
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1908
County:

School Ratings & Info

School District:

Description

Calling all investors and first time homeowners!!This is your chance to build wealth through real estate with a super low barrier to entry! Occupy one unit as an owner occupant and collect rent from the other unit with only 5% down through a new Fannie Mae loan option. Investors enjoy a minimum cash on cash return of 14%!! Market rent for each unit is $650-$700. New sewer line from home to street just installed as well as a new plumbing stack. Upper unit is move in ready. Lower units needs a refresh(10-15K or build sweat equity) and priced accordingly. The easiest entry into investment real estate you'll ever find!

Monthly Payment Calculator

© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-03-02T23:54:43.023.
www.refacmi.com/homes/146934878
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811 Larned Street Lansing, MI 48912

  • Price: $90,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 119 min ago
  • ID#: 24004691
4
Beds
2
Baths
0
½ Baths
0.03
Acres
1,324
SQFT
$68
$/SQFT
1908
Built
Neighborhood:
Lansing Twp
County:
Ingham
School District:
Lansing
Property Description
Calling all investors and first time homeowners!!This is your chance to build wealth through real estate with a super low barrier to entry! Occupy one unit as an owner occupant and collect rent from the other unit with only 5% down through a new Fannie Mae loan option. Investors enjoy a minimum cash on cash return of 14%!! Market rent for each unit is $650-$700. New sewer line from home to street just installed as well as a new plumbing stack. Upper unit is move in ready. Lower units needs a refresh(10-15K or build sweat equity) and priced accordingly. The easiest entry into investment real estate you'll ever find!
Exterior Features

Construction Materials Wood SidingVinyl Siding Parking Total 4 Waterfront YN No

Interior Features

Basement Full Basement YN Yes Cooling None Cooling YN No Heating Forced AirNatural Gas Heating YN Yes

Property Features

Auction Or For Sale For Sale Cross Street Homer Documents Available Lead Based Paint Listing Terms CashConventional New Construction YN No Owner Pays None Property Sub Type 2 to 4 Units Sewer Public Sewer Tax Annual Amount 3987 Tax Year 2023 Tenant Pays ElectricWaterTrash CollectionSewerGas Utilities None AvailablePhone ConnectedNatural Gas ConnectedElectric ConnectedCable Connected Zoning res

Listing provided courtesy of Jessica Hart of Keller Williams GR East: 616-575-1800. © 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-03-02T23:54:43.023.
 
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