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514 N Walnut St, Lansing, MI, 48933

4beds
2baths
--sqft
$158,500
--price/sqft
$1,355/moest. monthly cost
$54,200/yrincome needed

About This Home

WELCOME TO THIS WELL-MAINTAINED TWO-STORY DUPLEX OFFERING A FANTASTIC INVESTMENT OPPORTUNITY WITH STABLE, IMMEDIATE RENTAL INCOME. EACH UNIT FEATURES 2 BEDROOMS AND 1 FULL BATH WITH APPROXIMATELY 1,000 SQUARE FEET OF LIVING SPACE. BOTH UNITS ARE VERY CLEAN, WELL CARED FOR, AND CURRENTLY OCCUPIED BY TENANTS, MAKING THIS A TRUE TURNKEY, INCOME-PRODUCING PROPERTY. ENJOY OPEN AND SPACIOUS FLOOR PLANS FILLED WITH GREAT NATURAL LIGHT THROUGHOUT. THE PROPERTY ALSO INCLUDES A COIN-OPERATED LAUNDRY IN THE BASEMENT, PROVIDING ADDITIONAL REVENUE POTENTIAL. A LARGE PARKING LOT OFFERS AMPLE OFF-STREET PARKING FOR TENANTS. CONVENIENTLY LOCATED NEAR LCC, CLOSE TO DOWNTOWN DINING & NIGHTLIFE, AND JUST MINUTES FROM OLD TOWN & REO TOWN, THIS PROPERTY IS PERFECTLY SITUATED FOR CONTINUED STRONG RENTAL DEMAND A SOLID, STABLE INCOME EARNER READY TO ADD TO YOUR PORTFOLIO.

Getting Around

77
WalkingVery Walkable
53
TransitGood Transit
90
BikeBiker's Paradise

Schools

4/10
Pattengill AcademyGrades PK-71.8 mi
3/10
J.W. Sexton High SchoolGrades 7-121.1 mi
3/10
Sheridan RoadGrades PK,4-72.2 mi

Construction

Condition

  • Year built: 1894

Materials

  • Construction materials: Rough Sawn,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Appliances

  • Laundry features: In Basement,See Remarks

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2

Features

  • Finished area above ground: 1,826

Heating & Cooling

  • Heating features: Hot Water,Natural Gas
  • Cooling features: None

Property

Details

  • Parcel number: 33010116129052
  • Zoning description: Zoning

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 0.32 Acres
  • Features: City Lot
  • Lot size dimensions: 66 x 104

Parking

  • Total spaces: 4
  • Parking features: Concrete,Parking Lot