5400 S Waverly RD, Lansing, MI 48911
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5400 S Waverly RD, Lansing, MI 48911
5400 S Waverly RD, Lansing, MI 48911
5400 S Waverly RD, Lansing, MI 48911
5400 S Waverly RD, Lansing, MI 48911
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Neal Sanford

Neal Sanford

+1(517) 202-7230
Listed by Berkshire Hathaway HomeServices
$ 189,900
Est. payment /mo
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Active Under Contract

5400 S Waverly RD Lansing, MI 48911

3 Baths

0.35 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 299817

Year Built 1942

Tax Year 2025

Lot Size 0.350 Acres

Acres 0.35

Lot Dimensions 76x200

Property Sub-Type Triplex

Source Greater Lansing Association of REALTORS®

Property Description

Investment opportunity in Lansing! This triplex offers three units with combined monthly rental income of $3,010. The units at 5400 Waverly and 3911 Phoenix each feature 2 bedrooms, 1 bathroom, and approximately 600 square feet, with each renting for $1,200 per month. The unit at 3913 Phoenix offers 1 bedroom, 1 bathroom, and approximately 600 square feet, renting for $610 per month to a longstanding tenant retained from the prior ownership on a month-to-month lease. The roof at 5400 Waverly has been inspected with no issues reported. The parcel also includes an open lot to the west, and the rental license is due for renewal in 2027. The same owner also owns 5316/5318 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 all about 10 years old.

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

Laundry In Unit, Other

Exterior

Parking Features Driveway

View Y/N No

Total Parking Spaces 6

Building

Lot Size Range 0.35

Sewer Public Sewer

Schools

High Schools Holt/Dimondale

School District Holt/Dimondale

Others

Tax ID 23-235-080-012-800-21

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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5400 S Waverly RD