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Listed by Five Star Real Estate - Lansing
$ 245,000
Est. payment /mo
Pending
220 Smith Avenue, Lansing, MI 48910 Lansing, MI 48910
9,147 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Subdivision Park Place
MLS Listing ID 285480
Originating Board Greater Lansing Association of REALTORS®
Year Built 1912
Tax Year 2024
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions undefined x undefined
Property Description
PHENOMENAL INVESTMENT OPPORTUNITY! Calling all Lansing area new or seasoned investors - 4X's the Income - This one is not to miss! This sought-after 4-unit provides GREAT IMMEDIATE INCOME. Rents total approximately $3,705 per month currently with potential room for growth.
Approximately 30K in updates in 2023 including windows, flooring, and roof. PHENOMENAL INVESTMENT OPPORTUNITY! All units are rented and all are ready to go! COL Certified, plus Section 8 Approved. All units have individual furnaces. Convienently located new highways, public transport, Downtown Lansing, and not far from MSU Campus & Sparrow. This property is part of a multi-unit portfolio with diverse income potential. ALL PROPERTY RENTS CURRENTLY TOTAL $10,043/MO * 220 Smith: 4 UNIT- 3; 2; 1& 1BR * 131 S Hosmer: 3 UNIT- 2; 1 & 1BR * 1219 N Washington: 3 UNIT- 1; 1BR & Studio * 1223 N Washington: 2 UNIT- 2 & 1BR. Properties can be sold individually or as a full portfolio. ALL units are already rented. Please allow at least 24 hours to schedule showings due to tenant's notice.
Financials available upon request.
Approximately 30K in updates in 2023 including windows, flooring, and roof. PHENOMENAL INVESTMENT OPPORTUNITY! All units are rented and all are ready to go! COL Certified, plus Section 8 Approved. All units have individual furnaces. Convienently located new highways, public transport, Downtown Lansing, and not far from MSU Campus & Sparrow. This property is part of a multi-unit portfolio with diverse income potential. ALL PROPERTY RENTS CURRENTLY TOTAL $10,043/MO * 220 Smith: 4 UNIT- 3; 2; 1& 1BR * 131 S Hosmer: 3 UNIT- 2; 1 & 1BR * 1219 N Washington: 3 UNIT- 1; 1BR & Studio * 1223 N Washington: 2 UNIT- 2 & 1BR. Properties can be sold individually or as a full portfolio. ALL units are already rented. Please allow at least 24 hours to schedule showings due to tenant's notice.
Financials available upon request.
Location
State MI
County Ingham
Community Park Place
Direction West on Smith, Near Smith & Todd
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas
Cooling None
Laundry None
Exterior
Parking Features Driveway, Off Street
Garage Spaces 8.0
Garage Description 8.0
Total Parking Spaces 4
Building
Lot Size Range 0.21
Sewer Public Sewer
Schools
School District Lansing
Others
Tax ID 33-01-01-21-380-052
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan