Great opportunity to own a fully occupied 3-unit multifamily property generating immediate rental income. The property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Unit 1 rents for $1,000/month, Unit 2 rents for $775/month, and Unit 3 rents for $1,140/month, offering steady cash flow. Recent improvements include a new high-efficiency boiler, new stove installed in one unit, and roof repairs. Additional features include communal access to washer and dryer, an asphalt parking area, and a private backyard for tenant use. All units are currently leased, making this a turnkey investment opportunity for investors seeking an income-producing property. Photos were taken before the tenants moved in.
Listing Courtesy of LANSING MI / Century 21 Affiliated / Senada Pargan
$149,000 (USD)
Lansing Area Multi-Family Home
Active
2729 N Martin Luther King Jr Boulevard Lansing, MI 48906
Bed
3 Baths
sqft
MLS# 294277
Fully occupied duplex in Lansing offering immediate rental income and strong investment potential. The property is currently rented by a long term family who would love to remain, creating a stable income opportunity. Unit 1 rents for $825 per month and Unit 2 rents for $975 per month, for a total monthly income of $1,800 and annual gross income of $21,600. Each unit includes 1 bedroom, 1 full bathroom, a kitchen, and living space. The property also features a full basement with laundry and storage, off street parking, and a spacious yard. Conveniently located near downtown Lansing with easy access to shopping, dining, major employers, Lansing Community College, Michigan State University, and Capital Region International Airport. Ideal for investors or owner-occupants looking to offset... a mortgage with rental income.
Listing Courtesy of LANSING MI / Century 21 Affiliated / Senada Pargan