130 S 8TH ST Pending Save Request In-Person Tour Request Virtual Tour
Lansing,MI 48912
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Pending
Purchase Type For Sale
Square Footage 2,395 sqft
Price per Sqft $100
Subdivision Green Oak Add
MLS Listing ID 20250017791
Style Other
Full Baths 4
Half Baths 1
Year Built 1905
Lot Size 3,920 Sqft
Property Sub-Type MultiFamily
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 - $1099
Apartment 3 - $1099
Apartment 4 - vacant
Location
State MI
County Ingham
Area Area11012Lansing
Interior
Heating ForcedAir, NaturalGas
Laundry GasDryerHookup, WasherHookup
Exterior
Exterior Feature Lighting
Parking Features Unassigned
Pool None
View Y/N No
Roof Type Asphalt
Building
Foundation Basement, Poured
Sewer PublicSewer
Water Public
New Construction No
Schools
School District Lansing
Others
Acceptable Financing Cash, Conventional, FHA, VaLoan
Listing Terms Cash, Conventional, FHA, VaLoan
Special Listing Condition ShortSaleNo, Standard