PHENOMENAL INVESTMENT OPPORTUNITY! Calling all Lansing area new or seasoned investors - 4X's the Income - This one is not to miss! This sought-after 4-unit provides GREAT IMMEDIATE INCOME. Rents total approximately $3,705 per month currently with potential room for growth. Approximately 30K in updates in 2023 including windows, flooring, and roof. PHENOMENAL INVESTMENT OPPORTUNITY! All units are rented and all are ready to go! COL Certified, plus Section 8 Approved. All units have individual furnaces. Convienently located new highways, public transport, Downtown Lansing, and not far from MSU Campus & Sparrow. This property is part of a multi-unit portfolio with diverse income potential. ALL PROPERTY RENTS CURRENTLY TOTAL $10,043/MO * 220 Smith: 4 UNIT- 3; 2; 1& 1BR * 131 S Hosmer: 3 UNIT- 2; 1 & 1BR * 1219 N Washington: 3 UNIT- 1; 1BR & Studio * 1223 N Washington: 2 UNIT- 2 & 1BR. Properties can be sold individually or as a full portfolio. ALL units are already rented. Please allow at least 24 hours to schedule showings due to tenant's notice. Financials available upon request.
GREAT INVESTMENT OPPORTUNITY! Calling all Lansing area new or seasoned investors - 3X's the Income - This one is not to miss! This sought-after 3-unit provides Great Immediate Income. Rents total approximately $2,250 per month currently with potential room for growth. Separate utilities all currently paid by the tenants. Prime locattion near Lansings Stadium District, Downtown, Sparrow Hospital, MSU Campus and highways/bus routes. Conveniently located near downtown this three-unit rental offers newer vinyl siding, windows, flooring, paint, and roof. The lower unit has 2 bedrooms with the upper two being one bedroom each. All units are rented! All units have separate utilities, including water which is quite costly to do and very rare. All utilities are the responsibility of the tenant. Don't miss out on this money-making opportunity! This property is part of a multi-unit portfolio with diverse income potential. * 220 Smith: 4 UNIT- 3; 2; 1& 1BR * 131 S Hosmer: 3 UNIT- 2; 1 & 1BR * 1219 N Washington: 3 UNIT- 1; 1BR & Studio * 1223 N Washington: 2 UNIT- 2 & 1BR. Properties can be sold individually or as a full portfolio. ALL PROPERTY RENTS CURRENTLY TOTAL $10,043/MO. ALL units are already rented. Please allow at least 24 hours to schedule showings due to tenant notice. Financials available upon request.
A GREAT OPPORTUNITY! Calling all Lansing area new or seasoned investors - DOUBLE the Income!! This sought-after 2-unit provides Great Immediate Income. Fully rented and ready to go. Rents total approximately $1,800 per month currently with potential room for growth.Prime location within walking distance to Lansings famous Old Town District. This property is part of a multi-unit portfolio with diverse income potential. ALL PROPERTY RENTS CURRENTLY TOTAL $10,043/MO * 220 Smith: 4 UNIT- 3; 2; 1& 1BR * 131 S Hosmer: 3 UNIT- 2; 1 & 1BR * 1219 N Washington: 3 UNIT- 1; 1BR & Studio * 1223 N Washington: 2 UNIT- 2 & 1BR. Properties can be sold individually or as a full portfolio. ALL units are already rented. Please allow at least 24 hours to schedule showings due to tenant's notice. Financials available upon request.
A GREAT OPPORTUNITY! Calling all Lansing area new or seasoned investors - 3X's the Income - This one is not to miss! This sought-after 3 unit provides Great Immediate Income. Rents total approximately $2,288 per month currently with potential room for growth. Prime location within walking distance to Lansings famous Old Town District. This property is part of a multi-unit portfolio with diverse income potential. ALL PROPERTY RENTS CURRENTLY TOTAL $10,043/MO. 220 Smith: 4 UNIT- 3; 2; 1& 1BR * 131 S Hosmer: 3 UNIT- 2; 1 & 1BR * 1219 N Washington: 3 UNIT- 1; 1BR & Studio * 1223 N Washington: 2 UNIT- 2 & 1BR. Properties can be sold individually or as a full portfolio. ALL units are already rented. Please allow at least 24 hours to schedule showings due to tenant's notice. Financials available upon request.
Welcome to 917 E Kalamazoo! This 2-unit property is located blocks from Downtown Lansing, Sparrow hospital, The Capital, Campus and more. This property has a rental license with the City of Lansing. One unit is currently rented (lower unit; month to month $800/mo.) The 2nd floor unit is Vacant and will stay that way, so it is easy to show or in case there is an owner occupied buyer. The door to the left with the key box is the Vacant unit. Both units are open and spacious with 2 bedrooms, living room and eat in kitchens. They both have a foyer area for additional storage. Nice big covered front porch for relaxing. Great rental income. Square footage and room sizes are estimates. Utilities are Seperated. Property can be purchased as a package. Property can be purchased as a package with the duplex next door and a 3 unit adjacent on Pennsylvania Ave. Please email Listing Agent for details.
This fantastic 4-unit property is located in a highly sought-after area near Sparrow Hospital and Lansing Eastern, making it an excellent investment opportunity. The property features:1 spacious 3-bedroom unit, 2 well-appointed 1-bedroom units, 1 efficient studio unit, The building boasts a newer boiler, ensuring energy efficiency and low maintenance costs. With its desirable location and diverse mix of units, this property offers great potential for steady rental income. Add this property to your investment portfolio today! Call the listing agent to schedule your showing.Don't miss out on this opportunity!
Great investment property with tons of updates! Unit 1 has a new full bath, unit 2 has been fully updated with fresh paint, new flooring, brand new kitchen and bathroom. All units have split electricity, due to tenant issues all electic is billed back to tenants. Landlord only covers gas, water, trash, and lawn/snow. New vinyl siding and several new windows. The crawl space has been sealed, and foamed. Longterm tenants with excellent rent payment history. Seller is a licensed agent in the State of Michigan.
Clean and move in ready! If you've been thinking about investing in real estate, this could be just the one! Updated and clean duplex with updated mechanicals, meta roof, in unit laundry, split utilities, and good sized units! Previously rented for $750 and $875.
In the heart of downtown Lansing, steps away from the scenic River Trail and vibrant Old Town, this beautifully renovated property offers endless possibilities. The upper level showcases a fully renovated residential area with modern flair. The spacious rooms include a fabulous, well-appointed kitchen that opens to an entertaining deck, dining room, multiple entertaining spaces with vaulted ceilings, and a finished walk-up attic. The main level is a blank canvas, ready to be transformed to suit your vision. This gem is ideal for endless possibilities, multi-family, mixed use commercial-residential spaces, short-term rentals, day center, or retail space. With its prime location, this property offers a perfect balance of urban living and business potential or multi-family.
If you have been searching for a project to keep you busy- this is your chance! Bring life back into this brick 3 unit on Lansing's East side. This will be a full renovation that is not for the timid, but the reward will be great as you restore a part of Lansing's history and you create your legacy for eventual passive income. The main floor has a 1 bedroom unit in front with an efficiency in the back. The second floor has 2 or 3 bedrooms (or dining room), the full basement is sure to hold some adventures! Come see the possibilities!
Incredible investment opportunity! This 3-unit property in Lansing is fully vacant, so you can choose your own tenants—no need to inherit any bad leases. Each unit is a one-bedroom, one-bathroom apartment, offering the potential for $2,400/month in rental income. The property features durable vinyl siding and vinyl windows, making for easy maintenance. All units are near move-in ready, with some small improvements this could be a hassle-free addition to your portfolio. Don't miss out on this prime opportunity!
Late 1800's Victorian house is sitting, waiting for it's next visionary. Best part is the carriage house in rear is also available and set up as duplex with 2 x 1 bed 1 bath units, with separate heating/cooling and electrical (shared water between all 3 properties but could be split) (and new roof that was torn off and re-shingled with new underlayment). Don't need the rental convert back to garage with finished upstairs. Home boasts 2100 finished square feet with the original wood flooring, doors and trim. Most all plaster work has been redone and 2nd floor fireplace restored. Could also be a duplex with plumbing in place for 2nd kitchen or 2nd floor laundry. Would offer 6 beds and 2 baths. Parking for 3+ cars. Create great cash flow and also a one-of-a-kind residence - your choice!
Discover the perfect investment opportunity with this delightful duplex in a prime location! Enjoy 2 spacious bedrooms and a well-appointed bathroom, complete with convenient laundry facilities. The main floor is ideal for comfortable living, with a cozy layout that feels like home. The second floor boasts 3 additional bedrooms and a full bathroom, making it perfect for tenants or extended family. Outdoors, a functional shed offers extra storage for all your needs, while the backyard provides a private retreat for relaxation or entertaining. Live on the main level and generate rental income from the upper floor, making this duplex a smart choice for homeowners and investors alike. Don't miss your chance to own this versatile property in the heart of Lansing!
5 property portfolio, fully rented, over $80,000 annual gross rent. This would make the perfect addition to any seasoned investors portfolio or a great way to get your foot in the door to a new portfolio. 8 units total this consists of a Tri plex (849 Baker), a duplex (614 Waverley), 2 single family homes (614 Waverley, 911 Princeton) and a commercial space (610 Waverley). Call today for further details.
ATTENTION INVESTORS: Whether you are a traditional investor or house hacker, this duplex is perfect for you! With a vacant and completely remodeled lower unit, you can set the rents as you please or move right in yourself. This lower unit is complete with two bedrooms and updates that are sure to impress; with stainless steel appliances, a new countertop in the kitchen with freshly painted cabinets, vinyl and refinished hardwood floors throughout, and a tiled shower surround in the bathroom, this unit has a market rent of $1,150. This unit has spacious living areas and is complete with access to the laundry hookups and storage space that the basement provides. The upper unit has a private entrance on the west side of the duplex and offers the upper tenant their own floor to occupy. This 1 bedroom, 1 bathroom unit has a current rental rate of $750/month, with a market rent potential of $850/month. This property also has plenty of tangible features beyond the rental numbers that will ensure sustainable success moving forward. With a 1 car garage that offers tenants on-site covered parking, multiple driveway parking spaces, and a bus stop less than a block away, transportation options provide a rental perk that satisfies most all potential tenants. Beyond the garage lies an enormous, privately fenced in back yard that provides another perk to any tenant that enjoys the outdoors. This duplex also holds the value-add potential that you are looking for. Each unit currently has separate meters for electrical and is tenant paid. The upper unit features baseboard heat and the forced air furnace heats the lower unit. Water supply lines and drains were replaced in 2023. This leaves the property ripe for value-add potential by splitting the water and HVAC. In the meantime, this property is sure to impress both traditional investors and house hackers alike. This property will not last on the market long. Submit your offer today before it's too late!
Berkadia is pleased to present the Skyline Apartments, a 12-unit multifamily property. Situated on Grand River Avenue, just south of the entrance to the Capital Regional International Airport, this property features a low-maintenance exterior and a series of recent capital improvements including a new boiler and windows.
Welcome to 209 E Hazel St! This duplex provides a great opportunity to live in one unit while renting out the other or to enhance your investment portfolio. The lower unit features 2 bedrooms and 1 bathroom, while the upper unit has 1 bedroom and 1 bathroom. Tenants are responsible for their own gas expenses, while the owner covers electricity, water, sewer, and lawn care. The lower unit is currently vacant, and a long-term tenant resides in the upstairs unit. Don't miss out--schedule your showing today!
Discover a fantastic investment opportunity with this completely remodeled upper unit, ideally located with easy access to downtown Lansing. Featuring off-street parking and convenient laundry hookups downstairs, this property boasts a proven rental history, making it a lucrative addition to any portfolio. With upgraded finishes and a prime location, these units are perfect for both seasoned investors and first-time buyers looking to capitalize on the vibrant local market. Don't miss out on this exceptional chance to secure a property that combines style, convenience, and profitability!
Here is a great opportunity if you are looking for income property! Two units generate approximately $2205 monthly. Both units are 2 bed, 1 bath with hardwood floors. Units have the google nest thermostat to allow each unit to adjust the temperature. Upstairs unit is occupied and has a year lease agreement. Downstairs unit is vacant and ready for you to move in! Call today to schedule your showing!
Welcome to 4414 S Martin Luther King this 2-unit Property offers Main floor with a full kitchen, full bathroom and 3-4 bedrooms. There is a huge 2-3 car attached garage with the property. Huge backyard great for kids and pets. Lots of parking. Property has a new furnace, oversized water heater and new electric heat on the second floor apartment. Upstairs unit is also set up for a 2-unit rental with 1 bedroom live in one and make money from the other one. F-Commercial Zoning- has been used as 2 units but could be converted back to 1 unit.
Welcome to 521 N Seymour Ave! 3 unit mixed use building with office space on main level and 2 single family rental units on upper level. There is unrestricted parking in the rear of the building which holds 10 vehicles. Metered street parking is available in front of the building. The main level office space features a main lobby area with fireplace, conference room, break/lunch room with kitchenette including microwave, sink and mini fridge, five large private offices and 2 half bathrooms. Conference room and break room could be used as office space as well. These are large offices with room for multiple desks if needed and all have beautiful woodwork and built-ins! Office furniture is negotiable. The Upper level features two single family rental units with current rental licenses. On
Hard to find side by side duplex with 3 bedrooms, 1 1/2 baths with full basements! Plenty of storage in each unit with semi-private back yards. Right side has fresh paint, hardwood floors in the bedrooms with newer furnace and water heater along with a garage! Let this income help you with you mortgage payment! Close to the river, shopping and easy access to 496. Come make this your new home!
Investment potential! Discover this gem of a rental property steps away from bustling Downtown Lansing. Easy access to the Lansing Capitol Buildings, Lansing Community College, Cooley Law School, Old Town, and Downtown. This 3-unit building is ready to generate income. It has a brand new roof from 2020 and a new water heater; 2024. The existing tenant is easy to work with.
This is 10 units over 3 buildings and 3 parcels being sold together. Over $75,000 in annual rents. 904 and 910 Seymour are both duplexes. 900 has 6 units. All are rented and leases are month to month. 48 hour notice. Sorry, no land contract terms available
This is 10 units over 3 buildings and 3 parcels being sold together for $360,000.. Over $76,000 in annual rents. Access the parking lot from Seymour. 904 and 910 Seymour are both duplexes. All units are rented. Leases are month to month. Sorry no land contract terms available.
The median home value in Lansing, MI is $159,000. This is lower than the county median home value of $173,700. The national median home value is $338,100. The average price of homes sold in Lansing, MI is $159,000. Approximately 46.56% of Lansing homes are owned, compared to 43.25% rented, while 10.19% are vacant. Lansing real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lansing real estate agent to arrange a tour today!
Lansing, Michigan has a population of 113,592. Lansing is less family-centric than the surrounding county with 22.65% of the households containing married families with children. The county average for households married with children is 28.45%.
The median household income in Lansing, Michigan is $46,570. The median household income for the surrounding county is $58,226 compared to the national median of $69,021. The median age of people living in Lansing is 32.8 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 16.5 degrees. The average rainfall is approximately 33.1 inches per year, with 46.1 inches of snow per year.