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412 S Hayford Avenue, Lansing, MI 48912

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Listing Type
Multi Family
Listing Status
active
36
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Transportation
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$300,000

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Home Details for 412 S Hayford Avenue
Price
$300,000
Type
Multi Family
Year Build
1904
Sq. Ft.
1672
Lot Size
0.19
County
Ingham
Basement
Full
MLS®️ Listing#
287209
On exitrealty.com
260 days
Property Description
Whether you are homeowner or investor or you may want to escape 9-5 job with little money: we host all! Investor: it’s currently in short term rental with current cap rate around 11 (3units renting out, 5yrs data consistently) with all four units rent out cap rate can go up to 14 (or higher to 17, a data point, if you would work for yourself, you may get 100% cash to cash returns, so you can buy another property after a year to building up your conglomerate). You can raise up capital by reducing the minimum night of staying to 1 night (owner required 2 nights minimum of staying), 1 night is too busy, owner doesn’t want it. Homeowner: it can switch to flex plan 3 units. The owner occupied 3 bed, 2 bath (2unit combined by just opening the door) with big attic for storage, and two units for renting out. You are staying for free with 2 units paying for the mortgage and never getting house loss when you would fall in hardship, or you may want to taking care of older and younger in family, or working at home, many possibilities. If you want to escape 9-5 jobs, it is simple enough jut working for yourself (staying in 1 unit and renting out 3 units) with your own schedule: a couple hours per day or per week, it depends on the length of the staying.
Property Features
Listing Courtesy: Keller Williams Realty Lansing - 517-853-1200. Presented by: Morgan Meredith
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Greater Lansing Association of REALTORS®. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright ©2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
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EXIT REALTY HOME PARTNERS
1000 S. Washington Ave Suite 104, Lansing, MI 48910
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$300,000

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EXIT REALTY HOME PARTNERS
1000 S. Washington Ave Suite 104, Lansing, MI 48910
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