$407,500
$424,900
4.1%For more information regarding the value of a property, please contact us for a free consultation.
210 Morningside Drive, Leslie, MI 49251 Leslie, MI 49251
0.56 Acres Lot
Key Details
Sold Price $407,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 281032
Year Built 2017
Tax Year 2023
Lot Size 0.560 Acres
Property Description
Welcome to an exceptional opportunity to own a newly built multi-unit building in a great private location. This property is ideal for investors seeking a high-demand rental property with minimal maintenance and significant value-add potential.
Both buildings comprise 4 modern units, each equipped with top-tier amenities to ensure tenant satisfaction and longevity. Ample parking is available for tenants and guests, adding to the convenience. Each unit features A/C, granite countertops, hardwood floors, large bedrooms, coin-operated washers and dryers, and private decks. These amenities cater to the needs of long-term tenants, ensuring a high retention rate and low vacancies. The property is in high demand, with a waiting list of prospective tenants. Market analysis indicates that rents could be increased by up to 20%, offering substantial income growth potential. Currently half the rents are $980/month and the rest are $1,050/month. Tenants pay all utilities except for water which average $175 per quarter per building.
Minutes from the highway, schools and shopping this is a great location for a long term investment.
Location
State MI
County Ingham
Rooms
Ensuite Laundry Common Area, In Basement
Interior
Laundry Location Common Area,In Basement
Heating Forced Air, Natural Gas
Cooling Central Air
Laundry Common Area, In Basement
Exterior
Garage Additional Parking, Gravel, Parking Lot
Roof Type Shingle
Building
Sewer Public Sewer
Schools
School District Leslie
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