429 N Pine StreetLansing, MI 48933

Description

Investor Opportunity in Downtown Lansing! Located just ½ mile from the Michigan State Capitol, this fully rented, licensed duplex offers immediate income potential in a prime downtown location. Each unit features its own gas furnace, providing separate heating and added convenience for tenants. The property also boasts a brand-new front porch and a large rear parking lot with plenty of off-street parking—a major advantage in the downtown Lansing market. With strong rental appeal, established tenants, and a highly desirable location, this is an excellent addition to any investor's portfolio. Don't miss this turnkey income-producing opportunity! Apt #1 $815 per month. Lease contract 8/19/24-7/31/27 Apt #2 $925 per month. Lease contract 10/1/26-9/30/27.

Property Information

Property type

Residential Income

Sub-type

Duplex

Year built

1906

Living area

1,528 Sq Ft

Lot size

0.29 acres

Lot dimensions

38x165

Parking spaces

4

Days on market

36

MLS^® Listing#

298663

Property Features

Cooling

None

Heating

Forced Air · Natural Gas

Parking

Parking Pad

Laundry

In Basement · None

Construction

Wood Siding

Sewer

Public Sewer

Water source

Public

Financial Details

Assessed value

$70,863

Parcel number

33-01-01-16-110-151

Directions

From 496, North on N. Pine St, approximately 1 mile, location in on the West side of the street.