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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130 S 8TH Street Lansing, MI 48912

4 Beds

4.5 Baths

2,395 SqFt


UPDATED:

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.

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 - $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


Realcomp MLS
Listed by T J Brisbois of S&P Realty

GET MORE INFORMATION

agent
Corbin Gearhart

+1(517) 282-7166 | corbin@fullcircleregroup.com

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130 S 8TH Street