509 N Walnut Street new Save Request In-Person Tour Request Virtual Tour
Lansing,MI 48933
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25032568
Year Built 1903
Annual Tax Amount $5,027
Tax Year 2024
Lot Size 5,053 Sqft
Property Sub-Type 2 to 4 Units
Property Description
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. 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 Ingham County - 20
Interior
Heating Forced Air
Cooling None
Fireplaces Number 1
Laundry None
Exterior
Utilities Available Natural Gas Connected,Electricity Connected
View Y/N No
Building
Structure Type Vinyl Siding
New Construction No
Schools
School District Lansing
Others
Acceptable Financing FHA,Cash,Conventional
Listing Terms FHA,Cash,Conventional