14
See all 14 photos
$240,000
Est. payment /mo
5 Baths
2,395 SqFt
Price Dropped by $10K
130 S 8TH Street Lansing, MI 48912 1465
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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 $100
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! Existing mortgage with an unpaid balance of approximately $181,329.00 to be paid off at closing. Current monthly payment is $1,979.10 with about 26 years remaining. 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
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Listed by S&P Realty