1614 S Washington AVE, Lansing, MI 48910
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1614 S Washington AVE, Lansing, MI 48910
1614 S Washington AVE, Lansing, MI 48910
1614 S Washington AVE, Lansing, MI 48910
1614 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
$ 170,500
Est. payment /mo
Save
Active

1614 S Washington AVE Lansing, MI 48910

3 Baths

4,791 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 294469

Year Built 1910

Tax Year 2025

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 33x148.5

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. THE LANDLORD CURRENTLY PAYS UTILITIES & THE PROPERTY STILL PRODUCES TREMENDOUS NET RENTAL INCOME, MAKING THIS AN ATTRACTIVE ADDITION TO ANY INVESTOR'S PORTFOLIO. TENANTS ALSO BENEFIT FROM A LARGE PARKING LOT WITH PLENTY OF SPACE FOR BOTH TENANTS AND GUESTS. PRIME LOCATION CLOSE TO DOWNTOWN LANSING, REO TOWN, AND OLD TOWN WITH EASY ACCESS TO GROCERY STORES, DINING, & THE CATA BUS LINE FOR . INVESTORS WILL ALSO APPRECIATE THE UNIQUE OPPORTUNITY TO PURCHASE THE ADJACENT PROPERTY AT 1612 S WASHINGTON, WHICH IS ALSO A QUADPLEX CURRENTLY FOR SALE WHICH CREATES THE POTENTIAL TO OWN 8 SIDE-BY-SIDE UNITS IN A STRONG RENTAL LOCATION. 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 WAY. NORTH ON ALLY WAY TO PARKING LOT BEHIND PROPERTY. PROPERTY FACES S. WASHINGTON. PARKING ENTRANCE ON ALLY WAY.

Rooms

Basement Michigan

Interior

Heating Forced Air, Natural Gas

Cooling None

Laundry Other

Exterior

Parking Features Additional Parking, Parking Lot

View Y/N No

Roof Type Shingle

Total Parking Spaces 4

Building

Lot Description City Lot

Lot Size Range 0.11

Sewer Public Sewer

Schools

High Schools Lansing

School District Lansing

Others

Tax ID 33-01-01-21-378-111

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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