Bought with RE/MAX Real Estate Professionals
$150,000
$165,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
602 N Pennsylvania AVE Lansing, MI 48912
6,534 Sqft Lot
Key Details
Sold Price $150,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 290983
Sold Date 04/03/26
Year Built 1872
Tax Year 2025
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 43x148.5
Property Sub-Type Quadruplex
Source Greater Lansing Association of REALTORS®
Property Description
Fantastic investment opportunity just 2 blocks from U of M Health - Sparrow Hospital! This occupied 4-unit multifamily property includes: One 3-bedroom unit, Two 1-bedroom units, and One efficiency unit. Key highlights: MSHDA subsidized tenants - steady, guaranteed rental income. Long-term tenants - stable occupancy, low turnover. Instant cash flow - fully rented with solid rental history. New boiler - recent mechanical upgrade reduces maintenance costs. Whether you're a first-time investor or expanding your portfolio, this property offers dependable returns in a high-demand area. Proximity to medical facilities, public transit, and amenities make it a desirable rental location. Property sold ''As is''.
Location
State MI
County Ingham
Direction from Michigan Ave. North on Pennsylvania to Orchard East - parking on Orchard - home on corner of Orchard and Pennsylvania
Rooms
Basement Crawl Space, Full, Michigan
Interior
Heating Hot Water, Radiant
Cooling None
Flooring Carpet, Vinyl, Wood
Appliance Gas Water Heater
Laundry None
Exterior
Parking Features Detached, Garage, On Street, Storage
Garage Spaces 2.0
Garage Description 2.0
View Y/N No
Roof Type Flat,Shingle
Total Parking Spaces 3
Building
Lot Description Corner Lot
Lot Size Range 0.15
Sewer Public Sewer
Schools
High Schools Lansing
School District Lansing
Others
Tax ID 33-01-01-15-126-061
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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