MI > Lansing > Lansing City
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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$240,000
Est. payment /mo
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5 Baths
3,920 Sqft Lot
Pending

130 S 8TH Street Lansing, MI 48912

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Chris Buckely

Chris Buckely

+1(312) 313-5553

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Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Municipality Lansing City

Subdivision Lansing City

MLS Listing ID 20250017791

Year Built 1905

Annual Tax Amount $7,711

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 44.00 x 88.00

Source Realcomp

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!If you're interested in the loan assumption: Existing mortgage has an unpaid balance of approximately $181,329.00. Current monthly payment is $1,979.10 with about 26 years remaining. You must qualify for the mortgage assumption, like qualifying for a regular mortgage. Possible package deal available—Possible package deal available—seller may consider package discount for purchase of this and another building: 531 Bryant St, Kalamazoo, MI 49001.Monthly rent: Apartment 1 - $787 Apartment 2 - $1099Apartment 3 - $1099Apartment 4 - vacant

Location

State MI

County Ingham

Zoning Multi-Family

Direction N of Eureka St / W of Hill St

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Water Public

Structure Type Wood Siding

Schools

School District Lansing

Others

Tax ID 33010115303091

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by S&P Realty

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Chris Buckely

Chris Buckely

IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311

+1(312) 313-5553

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130 S 8TH Street

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