MI > Lansing > Mi
Lansing, MI 48912 1465,130 S 8TH Street
Lansing, MI 48912 1465,130 S 8TH Street
Lansing, MI 48912 1465,130 S 8TH Street
Lansing, MI 48912 1465,130 S 8TH Street
Lansing, MI 48912 1465,130 S 8TH Street
Lansing, MI 48912 1465,130 S 8TH Street
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Franny Kanalos

Franny Kanalos

+1(586) 243-1533
$ 250,000
Est. payment | /mo

5 Baths

2,395 SqFt

Save
$ 250,000
Est. payment | /mo
Save

5 Baths

2,395 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,395 sqft

Price per Sqft $104

Subdivision Mi

MLS Listing ID 60379354

Style 2 Story

Full Baths 4

Half Baths 1

Year Built 1905

Annual Tax Amount $7,711

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 44.00 x 88.00

Property Sub-Type Multi-Family

Property Description

Assume this home's 3.5% mortgage and save thousands annually! Great investment opportunity! This 4-unit multifamily property features a unit mix of (3) two-bedroom units and (1) one-bedroom unit, with tenants covering all utilities. Unit 4 is currently vacant, offering potential for a new tenant or owner-occupancy. The property includes four separate furnaces and multiple hot water tanks, with a new one installed in 2023, and functional stoves in all but one unit. With stable tenants and Section 8 rental support, this property presents a great opportunity for cash flow—don’t miss out! FHA/VA financing may be considered; however, the property may require FHA/VA repairs that the seller may not be able to complete. An optimal FHA/VA offer would likely include the buyer covering up to a certain amount of repairs, with any remaining repairs to be addressed separately. Possible package deal available—seller may consider package discounts for a total of four buildings: 531 Bryant St, Kalamazoo, MI 49001, 130 S 8th St, Lansing, MI 48912, 1380 College Ave, Lincoln Park, MI 48146. Monthly rent: Apartment 1 - $787 Apartment 2 - $1099 Apartment 3 - $1099 Apartment 4 - vacant

Location

State MI

County Ingham

Area Lansing (33021)

Zoning Multi-Family

Rooms

Basement Poured

Interior

Heating Forced Air

Fireplace No

Exterior

Exterior Feature Wood

Amenities Available Laundry Facility

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Wood

Schools

School District Lansing Public School District

Others

Ownership Private

Assessment Amount $3,557

Energy Description Natural Gas

Financing Cash,Conventional,FHA,VA

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by S&P Realty
agent-avatar

+1(586) 243-1533

frannyk@epique.me

44633 N Gratiot Ave, Clinton Twp, MI, 48036, USA

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130 S 8TH Street