$162,250
$170,500
4.8%For more information regarding the value of a property, please contact us for a free consultation.
1614 S Washington AVE Lansing, MI 48910
3 Baths
4,791 Sqft Lot
Key Details
Sold Price $162,250
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Park Place
MLS Listing ID 294469
Sold Date 08/21/26
Year Built 1910
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 33x148.5
Property Sub-Type Quadruplex
Source Greater Lansing Association of REALTORS®
Property Description
TURNKEY INVESTMENT OPPORTUNITY IN LANSING! THIS LICENSED CITY OF LANSING RENTAL QUADPLEX OFFERS STRONG CASH FLOW & CONSISTENT NET RENTAL INCOME. THE PROPERTY FEATURES 4- UNITS INCLUDING 3-EFFICIENCY UNITS & ONE 1-BEDROOM UNIT, ALL WITH LONG-TERM TENANTS PROVIDING STABLE OCCUPANCY. THE LANDLORD CURRENTLY PAYS UTILITIES & THE PROPERTY STILL PRODUCES TREMENDOUS NET RENTAL INCOME, MAKING THIS AN ATTRACTIVE ADDITION TO ANY INVESTOR'S PORTFOLIO. TENANTS ALSO BENEFIT FROM A LARGE PARKING LOT WITH PLENTY OF SPACE FOR BOTH TENANTS AND GUESTS. PRIME LOCATION CLOSE TO DOWNTOWN LANSING, REO TOWN, AND OLD TOWN WITH EASY ACCESS TO GROCERY STORES, DINING, & THE CATA BUS LINE FOR . INVESTORS WILL ALSO APPRECIATE THE UNIQUE OPPORTUNITY TO PURCHASE THE ADJACENT PROPERTY AT 1612 S WASHINGTON, WHICH IS ALSO A QUADPLEX CURRENTLY FOR SALE WHICH CREATES THE POTENTIAL TO OWN 8 SIDE-BY-SIDE UNITS IN A STRONG RENTAL LOCATION. EXCELLENT OPPORTUNITY FOR INVESTORS LOOKING TO EXPAND THEIR PORTFOLIO WITH A SOLID INCOME-PRODUCING PROPERTY.
Location
State MI
County Ingham
Community Park Place
Direction MLK / W BARNES AVE. EAST ON W BARNES AVE TO ALLY WAY. NORTH ON ALLY WAY TO PARKING LOT BEHIND PROPERTY. PROPERTY FACES S. WASHINGTON. PARKING ENTRANCE ON ALLY WAY.
Rooms
Basement Michigan
Interior
Heating Forced Air, Natural Gas
Cooling None
Laundry Other
Exterior
Parking Features Additional Parking, Parking Lot
View Y/N No
Roof Type Shingle
Total Parking Spaces 4
Building
Lot Description City Lot
Lot Size Range 0.11
Sewer Public Sewer
Schools
High Schools Lansing
School District Lansing
Others
Tax ID 33-01-01-21-378-111
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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