509 N Walnut Street, Lansing, MI 48933 - MLS#65025032568

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Jason Miller

jason@millerteamrealtors.com +1(248) 444-8774

$85,000

Est. payment - /mo

2 Beds

5,227 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65025032568

Bedrooms 2

Year Built 1903

Annual Tax Amount $5,027

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 38x66

Source Greater Regional Alliance of REALTORS®

Property Description

For sale ''As is'' knob and tube wiring needs to be replaced and price is a reflection of that needed upgrade. Discover a fantastic investment opportunity in Lansing, Michigan, just minutes from the state capital and downtown entertainment districts. This fully rented multi-family property offers immediate cash flow with stable tenants in place, making it an ideal addition to any real estate portfolio. The property's prime location provides convenient access to local amenities, government offices, and vibrant downtown attractions, ensuring continued demand from tenants. With a little TLC and strategic updates, there's significant potential to increase property value and rental income, making this a smart investment for both seasoned investors and newcomers alike. This multi-family asset presents a compelling chance to add value through cosmetic improvements, upgrades, or operational efficiencies. The existing layout offers flexible options for renovations to modernize units and boost rental rates. The strong occupancy rate combined with its proximity to key Lansing landmarks positions this property as a stable, income-generating investment with promising upside. Whether you're looking to expand your rental portfolio or capitalize on Lansing's growing market, this property offers a rare opportunity to maximize returns with minimal initial effort.

Location

State MI

County Ingham

Area Lansing

Zoning Residential

Direction I-496 E. take Exit 6 towards Walnut St. merge onto W. Malcolm X St., Left on S. Walnut St., home is on the right.

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 4.0

Garage no

Private Pool No

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Vinyl

Schools

School District Lansing

Others

Pets Allowed Yes

Tax ID 33010116108151

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA

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Listed by Ricardo S Cottengim of Cody & Co.

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Jason Miller

+1(248) 444-8774

Broker | Brerms:277398

Broker Brerms:277398

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509 N Walnut Street Lansing, MI 48933

Jason Miller

Key Details

Location

Interior

Exterior

Building

Schools

Others

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