Jannetta Logan
BEDS0
BATHS
MLS#294468
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONPark Place
Property Description
TURNKEY INVESTMENT OPPORTUNITY IN LANSING! THIS LICENSED CITY OF LANSING RENTAL QUADPLEX OFFERS STRONG CASH FLOW & CONSISTENT NET RENTAL INCOME. THE PROPERTY FEATURES 4 UNITS INCLUDING 3- EFFICIENCY UNITS & ONE 1-BEDROOM UNIT, ALL WITH LONG-TERM TENANTS PROVIDING STABLE OCCUPANCY. LANDLORD CURRENTLY PAYS UTILITIES & THE PROPERTY STILL PRODUCES TREMENDOUS NET RENTAL INCOME, MAKING THIS AN ATTRACTIVE ADDITION TO ANY INVESTORS PORTFOLIO. TENANTS ENJOY THE CONVENIENCE OF ONSITE COIN-OPERATED LAUNDRY, PROVIDING ADDITIONAL INCOME STREAM FOR THE OWNER, AS WELL AS A LARGE PARKING LOT WITH PLENTY OF SPACE FOR BOTH TENANTS & GUESTS. PRIME LOCATION ON CATA BUS LINE & CLOSE TO DOWNTOWN LANSING, REO TOWN, & OLD TOWN WITH EASY ACCESS TO GROCERY & DINING. INVESTOR ALERT! SELLER HAS A 2ND RENTAL OPPORTUNITY TO PURCHASE THE ADJACENT PROPERTY AT 1614 S WASHINGTON, WHICH IS ALSO A QUADPLEX CURRENTLY FOR SALE CREATING THE POTENTIAL TO OWN EIGHT SIDE-BY-SIDE UNITS IN A STRONG RENTAL LOCATION. THIS IS AN EXCELLENT OPPORTUNITY FOR INVESTORS LOOKING TO EXPAND THEIR PORTFOLIO WITH A SOLID INCOME-PRODUCING PROPERTY.
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Fuel Type: Gas
Heating: Forced Air, Natural Gas
Lot Size: 0.14 Acres
Roof Type: Shingle, Wood
Stories: 2.0
Year Built: 1890
Feature Descriptions
Days on Site: 1
Exterior: Vinyl Siding
Laundry: Common Area, Other
Lot: City Lot
Lot Dimensions: 40x148.5
Parcel #: 33-01-01-21-378-121
Parking: Parking Lot
Sewer: Public Sewer
Units: 4
Water: Public
Listed By / Shown By
Listed By
Agency Name: Five Star Real Estate - Lansing
Shown By
Agent Name: Jannetta Logan
Agent Phone: (734) 395-2948
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 1,044.66 per month $992.88 Principal & Interest $0.00 Property Tax (data not provided by mls) $51.77 Homeowner's InsuranceChange Payment Information
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1612 S Washington Avenue | MLS# 294468
This multi-family property located at 1612 S Washington Avenue, Lansing, MI 48910 is currently listed for sale with an asking price of $177,500. Search Lansing real estate on www.jloganhomes.com today.