514 N Walnut StreetLansing, MI 48933
Original of Lansing · Ingham County
Description
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.
Property Information
- Property type
- Residential Income
- Sub-type
- Duplex
- Year built
- 1894
- Living area
- 1,826 Sq Ft
- Lot size
- 0.32 acres
- Lot dimensions
- 66x104
- Parking spaces
- 4
- Days on market
- 18
- MLS® Listing#
- 294234
Property Features
- Cooling
- None
- Heating
- Hot Water · Natural Gas
- Basement
- Full
- Parking
- Concrete · Parking Lot
- Laundry
- In Basement · See Remarks
- Lot features
- City Lot
- Construction
- Wood Siding
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- Assessed value
- $55,321
- Parcel number
- 33-01-01-16-129-052
Directions
SAGINAW / WALNUT. SOUTH ON WALNUT TO DUPLEX
Listing Courtesy: Five Star Real Estate - Lansing - 5175070068
Presented by: John Hagerty, Jr.
Lansing Market Statistics
How this home compares to 651 active listings in Lansing, MI
| Lansing median | This listing | |
|---|---|---|
| Median days on market | 52 | 18 |
| Median Sq Ft | 1,352 | 1,826 |
| Median price / Sq Ft | $126 | $82 |
Market statistics compiled from active EXIT Realty® and MLS listings in Lansing, MI.
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 429 N Pine Street, Lansing, MI | $149,900 | — | 2 | 1,528 |
| 425/425.5 N Butler Boulevard, Lansing, MI | $170,000 | — | 1 | 1,407 |
| 1219 N Washington, Lansing, MI | $144,900 | — | 3 | 1,236 |
| 1223 N Washington, Lansing, MI | $125,000 | — | 1 | 1,560 |
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