Lansing Firehouse No. 4

Multi-Family for Sale
Catylist Listing ID: 30345101
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 2 Units
Building Size (RSF): 4,631 SF
Gross Land Area: 0.19 Acres
Sale Price: $150,000
Unit Price: $75,000 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Building Name: Firehouse No. 4
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/14/2018

Overview / Comments

This former Lansing Fire Department Firehouse was built in 1904. It has been converted to two, 2 bedroom apartments on the second floor and the first floor turned into a community outreach center. Updates throughout include new roof, updated plumbing, barrier free restrooms on the first floor and more. Each apartment has its own gas forced air furnace. The lower level has both air conditioning and forced air furnace. There are separate electric meters for the first and second floors and a single gas meter. The apartments have open living spaces and updates throughout. The entire building has updated windows.
The site is just 2 blocks from Sparrow hospital.
Common laundry in the 2nd floor hallway.
2 bathrooms on the first floor, one shower. Apartments both have a full bathroom.
Fenced back yard.
City of Lansing Rental Certificate through 10-12019
Property is currently exempt from property tax.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Lansing - Ingham County
Tax ID/APN: 33-01-01-15-329-111
Zoning: C - RESIDENTIAL DISTRICT
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1904
Year Renovated: 2015
Parking Description: Two off street parking locations for 4 cars total.
Total Parking Spaces: 4
Laundry: Shared

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,817 109,699 210,153
Median Age: 30.18 31.24 33
Households: 6,492 43,932 84,043

Contact

Photograph of Listing Agent

Matthew Wisniewski, CCIM

RE/MAX COMMERCIAL GROUP CPIX Member
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