509 N Walnut Street new Save Request In-Person Tour Request Virtual Tour
Lansing,MI 48933
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65025032568
Bedrooms 2
Year Built 1903
Annual Tax Amount $5,027
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 38x66
Source Greater Regional Alliance of REALTORS®
Property Description
Discover a fantastic investment opportunity in Lansing, Michigan, just minutes from the state capital and downtown entertainment districts. This fully rented multi-family property offers immediate cash flow with stable tenants in place, making it an ideal addition to any real estate portfolio. The property's prime location provides convenient access to local amenities, government offices, and vibrant downtown attractions, ensuring continued demand from tenants. With a little TLC and strategic updates, there's significant potential to increase property value and rental income, making this a smart investment for both seasoned investors and newcomers alike. This multi-family asset presents a compelling chance to add value through cosmetic improvements, upgrades, or operational efficiencies. The existing layout offers flexible options for renovations to modernize units and boost rental rates. The strong occupancy rate combined with its proximity to key Lansing landmarks positions this property as a stable, income-generating investment with promising upside. Whether you're looking to expand your rental portfolio or capitalize on Lansing's growing market, this property offers a rare opportunity to maximize returns with minimal initial effort.
Location
State MI
County Ingham
Area Lansing
Zoning Residential
Direction I-496 E. take Exit 6 towards Walnut St. merge onto W. Malcolm X St., Left on S. Walnut St., home is on the right.
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Garage no
Private Pool No
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Vinyl
Schools
School District Lansing
Others
Pets Allowed Yes
Tax ID 33010116108151
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Financing Cash,Conventional,FHA