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Bedrooms: > Lansing real estate for sale > Lansing homes for sale

Posted: Friday, June 23, 2017 5:30 PM

[Sale Fell Through-Now Reduced]
This is a charming handyman special property located north of Jolly Rd off of S. Cedar in the Orchard Gardens sub division.
It's a very affordable quaint home for someone interested in getting into real estate and rental properties without costing you a small
fortune to start out with.
It's priced at wholesale and you'll already have some nice equity built in.
With a little work you could do yourself to save on labor costs you could spiffy up this place and be collecting rent money and have it paid off in under 3 years and be on your way to building your rental property empire.
This is a rare opportunity to own some rental real estate for a fraction of what you'd think it'd be to get started on your property investing career.

-Convenient location to all amenities within a couple miles: restaurants, grocery shopping, drug store, repair shops, etc
-Nice large fenced in back yard, lot size is 6,970 sq ft
-Covered front porch to watch the world go by while sipping some ice cold lemonade on the hot days of summer
-Off street parking
-CATA bus line nearby
-Surrounding neighbors houses kept up and maintained
-There's a fire station, police station and library within 1 mile
-Reasonable property taxes $1200/yr

-Interior: painting, hardwood floors refinished and polished, a good scrubbing throughout w/some elbow grease, minor touch-ups in kitchen floor and counterop
-Exterior: scrape and re-paint/stain the covered front porch, repaint around some of the windows and soffit, replace/repaint several cedar shake siding shingles, some minor landscaping for more curb appeal, trimming.

That's really about it. Mostly cosmetic work involved is all and in a few short weeks you can have a nicely fixed up and clean rental property and collecting rent every month with built in equity already as a bonus!

Mechanicals are good. Roof replaced 10 yrs ago

After-Repaired-Value comes in around $45k

TERMS: Min $4500 down - min $450/mo - 2 years at 6% interest


Call today at 517-two58-o27two


4407 S. Cedar St, 48910    google map | yahoo map

• Location: Lansing, Lansing, MI

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