$140,000
$139,900
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609 S Pennsylvania Avenue, Lansing, MI 48912 Lansing, MI 48912
5,662 Sqft Lot
Key Details
Sold Price $140,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 281689
Sold Date 09/27/24
Originating Board Greater Lansing Association of REALTORS®
Year Built 1916
Tax Year 2023
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 35x161.7
Property Description
Buyer backed out due to financing after inspection and appraisal. Turn-key CASH FLOWing duplex in the heart of Lansing. Perfect for investors seeking reliable rental income or homeowners looking to offset their mortgage. Both units have been recently updated and are in excellent condition, ensuring minimal maintenance and maximum return. Main floor unit is 1 bed, 1 bath, partially finished basement which could be 2nd bedroom, attached garage and, is currently vacant. Market rent is $950/month. It boasts new vinyl flooring, fresh paint, lots of natural lighting, and a private entrance. The upstairs unit, has 2 beds, 1 bath, hardwood floors and tiled bath is rented for $900/month through 5/31/2025. Updates include new light fixtures, siding and roof. Both units share a screened-in porch, perfect for enjoying the outdoors in comfort. Tenants pay their own electricity, reducing landlord expenses, while the landlord covers water and gas.
The property also features new vinyl siding and a complete tear-off roof installed in 2021, with fully aluminum-wrapped windows ensuring durability and low maintenance. Two attached one-car garages provide convenience and additional storage space. Located near restaurants, highways, and bus stops, this duplex offers easy access to daily essentials and a friendly neighborhood atmosphere. With a potential total rental income of $1,850/month and recent updates already completed, this turn-key duplex is an excellent investment opportunity. Licensed rental with the City of Lansing in 11/23 (Expires in 2026)!
Location
State MI
County Ingham
Direction Corner of Pennsylvania and Euclid Pl
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas
Cooling None
Laundry Electric Dryer Hookup, In Basement, Washer Hookup
Exterior
Garage Attached, Driveway, Private
Garage Spaces 2.0
Garage Description 2.0
Roof Type Shingle
Total Parking Spaces 4
Building
Foundation Block
Lot Size Range 0.13
Sewer Public Sewer
Schools
School District Lansing
Others
Tax ID 33-01-01-15-102-081
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