5316/5318 S Waverly RD, Lansing, MI 48911
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5316/5318 S Waverly RD, Lansing, MI 48911
5316/5318 S Waverly RD, Lansing, MI 48911
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Neal Sanford

Neal Sanford

+1(517) 202-7230
Listed by Berkshire Hathaway HomeServices
$ 179,900
Est. payment /mo
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Active Under Contract

5316/5318 S Waverly RD Lansing, MI 48911

2 Baths

0.28 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 299819

Year Built 1942

Tax Year 2025

Lot Size 0.280 Acres

Acres 0.28

Lot Dimensions 79.94x153

Property Sub-Type Duplex

Source Greater Lansing Association of REALTORS®

Property Description

Investment opportunity in Lansing! Located at 5316 and 5318 S Waverly, this property features two units, each with 3 bedrooms, 1.5 bathrooms, and about 900 square feet, for a combined monthly rental income of $2,450. The unit at 5316 rents for $1,550 per month, with improvements including a new roof ($15,000), a new kitchen countertop, and newly installed gutters. The unit at 5318 rents for $900 per month to a longstanding tenant on a month-to-month lease and features new siding ($15,000), a new furnace ($6,000), and newly installed gutters. The same owner also owns 5400 Waverly, Lansing, MI 48911, which is currently for sale, offering an opportunity to purchase an additional income property. Across all units, driveways have been filled and smoothed with crushed concrete, handrails have been installed at all front entrances, and gutters are cleaned annually. Tenants are responsible for all utilities and trash service, and the water heaters are approximately 10 years old. The rental license for this duplex is due for renewal in 2029.

Location

State MI

County Eaton

Direction Off of Waverly Road, South of Jolly

Rooms

Basement Crawl Space

Interior

Heating Forced Air, Natural Gas

Cooling None

Window Features Blinds

Appliance Gas Water Heater

Laundry In Unit

Exterior

Parking Features Carport, Driveway

View Y/N No

Roof Type Shingle

Total Parking Spaces 6

Building

Lot Size Range 0.28

Sewer Public Sewer

Schools

Elementary Schools Dimondale Elementary School

High Schools Holt/Dimondale

School District Holt/Dimondale

Others

Tax ID 23-235-080-012-800-13

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

NEARBY SCHOOLS & PROPERTIES

Neal Sanford

Neal Sanford

Broker Associate

+1(517) 202-7230

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5316/5318 S Waverly RD