1612 S Washington AVE, Lansing, MI 48910
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1612 S Washington AVE, Lansing, MI 48910
1612 S Washington AVE, Lansing, MI 48910
1612 S Washington AVE, Lansing, MI 48910
1612 S Washington AVE, Lansing, MI 48910
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Joe Mullaney

Joe Mullaney

+1(517) 204-4004
Listed by Five Star Real Estate - Lansing
$ 177,500
Est. payment /mo
Save
Active

1612 S Washington AVE Lansing, MI 48910

2 Baths

6,098 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Park Place

MLS Listing ID 294468

Year Built 1890

Tax Year 2025

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 40x148.5

Property Sub-Type Quadruplex

Source Greater Lansing Association of REALTORS®

Property Description

TURNKEY INVESTMENT OPPORTUNITY IN LANSING! THIS LICENSED CITY OF LANSING RENTAL QUADPLEX OFFERS STRONG CASH FLOW & CONSISTENT NET RENTAL INCOME. THE PROPERTY FEATURES 4 UNITS INCLUDING 3- EFFICIENCY UNITS & ONE 1-BEDROOM UNIT, ALL WITH LONG-TERM TENANTS PROVIDING STABLE OCCUPANCY. LANDLORD CURRENTLY PAYS UTILITIES & THE PROPERTY STILL PRODUCES TREMENDOUS NET RENTAL INCOME, MAKING THIS AN ATTRACTIVE ADDITION TO ANY INVESTOR'S PORTFOLIO. TENANTS ENJOY THE CONVENIENCE OF ONSITE COIN-OPERATED LAUNDRY, PROVIDING ADDITIONAL INCOME STREAM FOR THE OWNER, AS WELL AS A LARGE PARKING LOT WITH PLENTY OF SPACE FOR BOTH TENANTS & GUESTS. PRIME LOCATION ON CATA BUS LINE & CLOSE TO DOWNTOWN LANSING, REO TOWN, & OLD TOWN WITH EASY ACCESS TO GROCERY & DINING. INVESTOR ALERT! SELLER HAS A 2ND RENTAL OPPORTUNITY TO PURCHASE THE ADJACENT PROPERTY AT 1614 S WASHINGTON, WHICH IS ALSO A QUADPLEX CURRENTLY FOR SALE CREATING THE POTENTIAL TO OWN EIGHT SIDE-BY-SIDE UNITS IN A STRONG RENTAL LOCATION. THIS IS AN EXCELLENT OPPORTUNITY FOR INVESTORS LOOKING TO EXPAND THEIR PORTFOLIO WITH A SOLID INCOME-PRODUCING PROPERTY.

Location

State MI

County Ingham

Community Park Place

Direction MLK / W.BARNES AVE. EAST ON W. BARNES AVE TO ALLY AVE. NORTH ON ALLEY AVE TO PARKING LOT OF PROPERTY. PROPERTY FACES WASHINGTON AVE. PARKING BEHIND 4 UNIT ON ALLY AVE.

Rooms

Basement Michigan

Interior

Heating Forced Air, Natural Gas

Cooling None

Laundry Common Area, Other

Exterior

Parking Features Parking Lot

View Y/N No

Roof Type Shingle,Wood

Total Parking Spaces 4

Building

Lot Description City Lot

Lot Size Range 0.14

Sewer Public Sewer

Schools

High Schools Lansing

School District Lansing

Others

Tax ID 33-01-01-21-378-121

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

NEARBY SCHOOLS & PROPERTIES

Joe Mullaney

Joe Mullaney

Broker Associate | License ID: mm.mullajos

+1(517) 204-4004

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