Lansing, MI 48912,130 S 8TH Street
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Lansing, MI 48912,130 S 8TH Street
Lansing, MI 48912,130 S 8TH Street
Lansing, MI 48912,130 S 8TH Street
Lansing, MI 48912,130 S 8TH Street
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$ 250,000
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130 S 8TH Street Lansing, MI 48912

5 Baths

3,920 Sqft Lot


UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Lansing City

Subdivision Lansing City

MLS Listing ID 20250017791

Originating Board Realcomp

Year Built 1905

Annual Tax Amount $7,711

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 44.00 x 88.00

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! FHA/VA financing may be considered; however, the property may require FHA/VA repairs that the seller may not be able to complete. An optimal FHA/VA offer would likely include the buyer covering up to a certain amount of repairs, with any remaining repairs to be addressed separately. 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 - $1099Apartment 3 - $1099Apartment 4 - vacant

Location

State MI

County Ingham

Zoning Multi-Family

Direction N of Eureka St / W of Hill St

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Sewer Public

Water Public

Structure Type Wood Siding

Schools

School District Lansing

Others

Tax ID 33010115303091

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan


Listed by S&P Realty
agent

Jennifer Rodgers

Broker | License ID: 6505414638

+1(517) 398-2541

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130 S 8TH Street