602 N Pennsylvania AVE Active Save Request In-Person Tour Request Virtual Tour
Lansing,MI 48912
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 290983
Year Built 1872
Tax Year 2025
Lot Size 6,534 Sqft
Property Description
Fantastic investment opportunity just 2 blocks from U of M Health - Sparrow Hospital! This occupied 4-unit multifamily property includes: One 3-bedroom unit, Two 1-bedroom units, and One efficiency unit. Key highlights: MSHDA subsidized tenants - steady, guaranteed rental income. Long-term tenants - stable occupancy, low turnover. Instant cash flow - fully rented with solid rental history. New boiler - recent mechanical upgrade reduces maintenance costs. Whether you're a first-time investor or expanding your portfolio, this property offers dependable returns in a high-demand area. Proximity to medical facilities, public transit, and amenities make it a desirable rental location. Property sold ''As is''.
Location
State MI
County Ingham
Interior
Heating Hot Water,Radiant
Cooling None
Flooring Carpet,Vinyl,Wood
Laundry None
Exterior
Parking Features Detached,Garage,On Street,Storage
Garage Spaces 2.0
Garage Description 2.0
View Y/N No
Roof Type Flat,Shingle
Building
Lot Description Corner Lot
Sewer Public Sewer
Schools
High Schools Lansing
School District Lansing
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional