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Sandi Smith

Trillium Real Estate

[email protected] +1(734) 216-6414

$ 109,900

Est. payment -/mo

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509 N Walnut Street Lansing, MI 48933

5,053 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality Lansing City

MLS Listing ID 25032568

Year Built 1903

Annual Tax Amount $5,027

Tax Year 2024

Lot Size 5,053 Sqft

Acres 0.12

Lot Dimensions 38x66

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

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.

Rooms

Basement Full

Interior

Heating Forced Air

Cooling None

Fireplaces Number 1

Laundry None

Exterior

Utilities Available Natural Gas Connected, Electricity Connected

View Y/N No

Total Parking Spaces 4

Building

Structure Type Vinyl Siding

New Construction No

Schools

School District Lansing

Others

Tax ID 33-01-01-16-108-151

Acceptable Financing FHA, Cash, Conventional

Listing Terms FHA, Cash, Conventional

Listed by Cody & Co.