602 Pennsylvania AveLansing, MI 48912

For Sale
$219,000

Four-unit apartment building, prime location.

Overview

Added:
Jan 24
Days on market:
50
This exceptional four-unit apartment building presents a compelling investment opportunity in Lansing, Michigan. Situated on a 0.15-acre lot at 602 N Pennsylvania Ave, 48912, this property enjoys a highly desirable location near Sparrow Hospital and Lansing Eastern. The building, constructed in 1872, is zoned for residential use and features a diverse mix of units to cater to a broad range of tenants. The unit configuration includes one spacious three-bedroom unit, two well-appointed one-bedroom units, and one efficient studio unit. A recently installed newer boiler ensures energy efficiency and minimizes maintenance expenses, contributing to a strong return on investment. The property's APN is 33-01-01-15-126-061. This turnkey investment is priced at $219,000 and offers significant potential for steady rental income and long-term appreciation. Its convenient location and varied unit sizes make it an attractive option for a wide range of renters. This is a rare opportunity to acquire a well-maintained multifamily property in a thriving area of Lansing. Don't miss out on this chance to add a valuable asset to your portfolio.

Highlights

  • $219,000 asking price for a four-unit apartment building.
  • Multifamily property with four units.
  • Built in 1872, located in Lansing, MI.
  • 0.15-acre lot, APN 33-01-01-15-126-061, zoned residential.
  • Unit mix includes one 3-bedroom, two 1-bedroom, and one studio apartment.
  • Features a newer boiler.

Property Details for 602 Pennsylvania Ave

Property type
Multifamily properties, Apartment buildings
Year Built
1872
Lot Size (sq. ft)
6,534 SF
Units
4

Location Insight

City
Lansing
County
Ingham
State
Michigan
Latitude
42.7398446
Longitude
-84.5374336
602 Pennsylvania Ave, Lansing, Michigan

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602 Pennsylvania Ave
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