130 S 8TH Street Active Save Request In-Person Tour Request Virtual Tour
Lansing,MI 48912
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,395 sqft
Price per Sqft $100
Subdivision Green Oak Add
MLS Listing ID 20250017791
Style Other
Bedrooms 4
Full Baths 4
Half Baths 1
Originating Board Realcomp II Ltd
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 Other
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
Zoning Multi-Family
Direction N of Eureka St / W of Hill St
Rooms
Basement Unfinished
Interior
Interior Features Laundry Facility
Hot Water Natural Gas
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Exterior Feature Lighting
Garage Spaces 4.0
Roof Type Asphalt
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Other
Level or Stories 2 Story
Structure Type Wood
Schools
School District Lansing
Others
Pets Allowed Yes
Tax ID 33010115303091
Ownership Short Sale - No,Private Owned
Assessment Amount $3,557
Acceptable Financing Cash,Conventional,FHA,VA
Listing Terms Cash,Conventional,FHA,VA
Financing Cash,Conventional,FHA,VA