Leslie, MI 49251,210 Morningside Drive, Leslie, MI 49251
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Leslie, MI 49251,210 Morningside Drive, Leslie, MI 49251
Leslie, MI 49251,210 Morningside Drive, Leslie, MI 49251
Leslie, MI 49251,210 Morningside Drive, Leslie, MI 49251
Leslie, MI 49251,210 Morningside Drive, Leslie, MI 49251
Listed by EXP Realty - Lansing

$407,500

Est. payment /mo

$424,900

4.1%
Est.Price: ?

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210 Morningside Drive, Leslie, MI 49251 Leslie, MI 49251

0.56 Acres Lot

SOLD DATE : 08/06/2024

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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