Lansing, MI 48912,130 S 8TH ST
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Lansing, MI 48912,130 S 8TH ST
Lansing, MI 48912,130 S 8TH ST
Lansing, MI 48912,130 S 8TH ST
Lansing, MI 48912,130 S 8TH ST

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Additional details
$ 240,000
Est. payment /mo
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Pending

130 S 8TH ST Lansing, MI 48912

5 Baths

2,395 SqFt


UPDATED:

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

Rooms

Basement Unfinished

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

Senior Community false

Acceptable Financing Cash, Conventional, FHA, VaLoan

Listing Terms Cash, Conventional, FHA, VaLoan

Special Listing Condition ShortSaleNo, Standard


Realcomp MLS
Listed by T J Brisbois of S&P Realty
Larry Else

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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