420-422 West Street new Save Request In-Person Tour Request Virtual Tour
Grand Ledge,MI 48837
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 66025040930
Bedrooms 2
Year Built 1975
Annual Tax Amount $4,848
Lot Size 7,840 Sqft
Property Description
Buyers, do you want help making your mortgage payment? Or, looking for a home for 2 generation living? How about this duplex?! Live in one & rent the other or families can live together but still have their own space. There's nothing like having a tenant or family member help YOU build equity! Taxes will be lower too since you can claim 50% PRE if you live in one & rent the other (currently at 0% PRE). Your taxes could be lower with a tenant (currently $677 less), AND, if 2 generations bought it together (both on the Deed) you could be at 100% PRE & save double (verify with your loan officer) Why rent when you can buy & then keep as an investment when you want to move on. For investors, this has had consistent tenants and hasn't been hard to rent. We kept 1 unit vacant on purpose.Each unit is 2 beds, 1 bath & fireplace. All appliances are included. The property has one gas meter (Consumers Energy). The gas is paid by the landlord and included in the tenant's lease. Each unit has its own electric meter (Consumers Energy). Paid by tenant. The units have electric baseboard heat. The property has one water/sewer meter (City of Grand Ledge). The gas is paid by the landlord. The tenants are billed a flat fee of $80/month to offset the water/sewer expenses. Tenants are responsible for their own trash/recycling. The property does have one water softener (rented through Culligan - $27/month). Salt delivery set up on auto delivery. Management company is great and would Seller would recommend them.
Location
State MI
County Eaton
Area Grand Ledge
Interior
Heating Baseboard
Cooling Wall Unit(s)
Laundry 1
Exterior
Garage Spaces 4.0
Roof Type Composition
Building
Sewer Public Sewer (Sewer-Sanitary),Sewer at Street
Water Public (Municipal)
Structure Type Vinyl
Schools
School District Grand Ledge
Others
Acceptable Financing Cash,Conventional,FHA,VA
Listing Terms Cash,Conventional,FHA,VA