$155,000
$164,900
6.0%For more information regarding the value of a property, please contact us for a free consultation.
1601 Bailey Street Lansing, MI 48910
4,879 Sqft Lot
Key Details
Sold Price $155,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Lansing City
MLS Listing ID 24047396
Sold Date 11/12/24
Year Built 1908
Annual Tax Amount $2,899
Tax Year 2024
Lot Size 4,879 Sqft
Acres 0.11
Lot Dimensions 42x114
Property Description
Welcome to this fully upgraded multi-family property, featuring a new rear stairway providing easy access to the second unit. Each unit is designed for comfortable living, with the upper unit currently renting for $950 and the lower unit, which is vacant and ready for new tenants, previously rented at $1,250. The property also includes a coin-operated laundry facility, offering a fantastic opportunity for extra income. With a strong rental history and desirable location, this property is perfect for investors looking to maximize their return on investment. Don't miss out on this exceptional opportunity! Seller is Licensed Realtor
Location
State MI
County Ingham
Area Outside Michric Area - Z
Direction From Cedar take Mount Hope East to Bailey St., North on Bailey to property
Rooms
Basement Michigan Basement
Interior
Heating Forced Air
Fireplaces Number 1
Exterior
Utilities Available Natural Gas Available, Electricity Available, Natural Gas Connected, Water Available, Sewer Available
View Y/N No
Total Parking Spaces 1
Building
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Lansing
Others
Tax ID 33-01-01-22-351-091
Acceptable Financing VA Loan, FHA, Cash, Conventional
Listing Terms VA Loan, FHA, Cash, Conventional
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