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BEDS0
BATHS
MLS#294468
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONPark Place
Property Description
TURNKEY INVESTMENT OPPORTUNITY IN LANSING! THIS LICENSED CITY OF LANSING RENTAL QUADPLEX OFFERS STRONG CASH FLOW & CONSISTENT NET RENTAL INCOME. THE PROPERTY FEATURES 4 UNITS INCLUDING 3- EFFICIENCY UNITS & ONE 1-BEDROOM UNIT, ALL WITH LONG-TERM TENANTS PROVIDING STABLE OCCUPANCY. LANDLORD CURRENTLY PAYS UTILITIES & THE PROPERTY STILL PRODUCES TREMENDOUS NET RENTAL INCOME, MAKING THIS AN ATTRACTIVE ADDITION TO ANY INVESTORS PORTFOLIO. TENANTS ENJOY THE CONVENIENCE OF ONSITE COIN-OPERATED LAUNDRY, PROVIDING ADDITIONAL INCOME STREAM FOR THE OWNER, AS WELL AS A LARGE PARKING LOT WITH PLENTY OF SPACE FOR BOTH TENANTS & GUESTS. PRIME LOCATION ON CATA BUS LINE & CLOSE TO DOWNTOWN LANSING, REO TOWN, & OLD TOWN WITH EASY ACCESS TO GROCERY & DINING. INVESTOR ALERT! SELLER HAS A 2ND RENTAL OPPORTUNITY TO PURCHASE THE ADJACENT PROPERTY AT 1614 S WASHINGTON, WHICH IS ALSO A QUADPLEX CURRENTLY FOR SALE CREATING THE POTENTIAL TO OWN EIGHT SIDE-BY-SIDE UNITS IN A STRONG RENTAL LOCATION. THIS IS AN EXCELLENT OPPORTUNITY FOR INVESTORS LOOKING TO EXPAND THEIR PORTFOLIO WITH A SOLID INCOME-PRODUCING PROPERTY.
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Fuel Type: Gas
Heating: Forced Air, Natural Gas
Lot Size: 0.14 Acres
Roof Type: Shingle, Wood
Stories: 2.0
Year Built: 1890
Feature Descriptions
Days on Site: 46
Exterior: Vinyl Siding
Laundry: Common Area, Other
Lot: City Lot
Lot Dimensions: 40x148.5
Parcel #: 33-01-01-21-378-121
Parking: Parking Lot
Sewer: Public Sewer
Units: 4
Water: Public
Listed By / Shown By
Listed By
Agency Name: Five Star Real Estate - Lansing
Shown By
Agent Name: Melissa Selvig-Mantilla
Agent Phone: (616) 856-6161
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 1,044.66 per month $992.88 Principal & Interest $0.00 Property Tax (data not provided by mls) $51.77 Homeowner's InsuranceChange Payment Information
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Agency License Information: 1-877-539-7589 | Ohio Lic# REC.2010002888 6800 W Central Ave #B, Toledo, OH 43617 | Michigan Lic# 6505366134 8040 Summerfield Rd, Lambertville, MI 48144 | Indiana Lic# RC52400106 3029 W Smith Valley Rd #211, Greenwood, IN 46142 | West Virginia LIC# 010306 Erin Rickman, Broker. 410 Market St #3, Parkersburg, WV, 26101 | Colorado LIC# EC.100108419 603 Rood Ave, Grand Junction, CO 81501 | Nevada LIC# B.0146350.LLC 9190 Double Diamond Pwky, Reno, NV 89521 | Florida LIC# CQ1073507 16638 Mooner Plank Cir, Wimauma, FL 33598
Agent License Information: 6506048819 Brokerage/Company License Number: MI-65-05366134
1612 S Washington Avenue | MLS# 294468
This multi-family property located at 1612 S Washington Avenue, Lansing, MI 48910 is currently listed for sale with an asking price of $177,500. Search Lansing real estate on msmantilla.ikeyrealty.com today.