2 Unit For Sale

Multi-Family for Sale
Catylist Listing ID: 30557141
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 1,401 SF
Gross Land Area: 0.11 Acres
Sale Price: $50,000
Unit Price: $25,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: N/A
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 1/19/2020

Overview / Comments

This is a building in an area that's comprised of single family, multifamily, and professional office. There are 2, 2 bedroom units that are fully rented.

This would be perfect for LCC, or Cooley Law student housing. Other possible tenants would be Sparrow Hospital employees, law makers who occasionally need temporary/over-night lodgings, or anyone else who needs affordable housing near the Central Downtown Business District.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City Of Lansing
Tax ID/APN: 33-01-01-16-358-191
Zoning: N/A
Percent Occupied: 100%
Property Located Between: North of St. Joseph just west of 524 S. Walnut.
Highway Access: I 496
Site Description: In the heart of Lansing's Downtown Business District and walking distance of The Capitol, LCC, Cooley Law School, City Hall, Restaurants, Shopping, and public transit.
Area Description: Downtown Lansing's Central Business District comprised of single family and multifamily dwellings, offices, retail, schools pubs and eateries,
Total Number of Buildings: 1
Property Condition: Fair
Number of Stories: 2
Year Built: 1912
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Wood Siding
Parking Type: Surface
Parking Description: Driveway/Street
Total Parking Spaces: 3
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Internet Access: Cable, Satellite
Zoning Description: Residential/Office
Lot Frontage: 33 Ft.
Lot Depth: 70 Ft.
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Land Ownership: Fee Simple
Legal Description: Lot 4 Henry J. Persons Sub REC L 4 P 35

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,677 115,839 204,062
Median Age: 32.18 33.71 32.82
Households: 7,349 50,144 81,093


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