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BEDS0
BATHS
MLS#294367
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOriginal of Lansing
Property Description
Great opportunity to own a fully occupied 3-unit multifamily property generating immediate rental income. The property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Unit 1 rents for $1,000/month, Unit 2 rents for $775/month, and Unit 3 rents for $1,140/month, offering steady cash flow. Recent improvements include a new high-efficiency boiler, new stove installed in one unit, and roof repairs. Additional features include communal access to washer and dryer, an asphalt parking area, and a private backyard for tenant use. All units are currently leased, making this a turnkey investment opportunity for investors seeking an income-producing property. Photos were taken before the tenants moved in.
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Fuel Type: Gas
Heating: Hot Water, Natural Gas
Lot Size: 0.25 Acres
Roof Type: Shingle
Stories: 2.0
Year Built: 1875
Feature Descriptions
Appliances: Electric Water Heater
Days on Site: 47
Exterior: Vinyl Siding
Laundry: Common Area
Lot: Back Yard, Private
Lot Dimensions: 66x165
Parcel #: 33-01-01-09-360-171
Parking: Asphalt, Private
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Units: 3
Water: Public
Listed By / Shown By
Listed By
Agency Name: Century 21 Affiliated
Shown By
Agent Name: Melissa Selvig-Mantilla
Agent Phone: (616) 856-6161
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 1,324.21 per month $1,258.59 Principal & Interest $0.00 Property Tax (data not provided by mls) $65.63 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
821 N Chestnut Street | MLS# 294367
This multi-family property located at 821 N Chestnut Street, Lansing, MI 48906 is currently listed for sale with an asking price of $225,000. Search Lansing real estate on msmantilla.ikeyrealty.com today.