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509 N Walnut Street, Lansing, MI 48933
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$109,900
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Home Details for 509 N Walnut Street
Price
$109,900
Type
Multi Family
Year Build
1903
Lot Size
0.12
County
Ingham
Basement
Full
Tax
$5,027
MLS®️ Listing#
25032568
On exitrealty.com
135 days
Property Description
Discover a fantastic investment opportunity in Lansing, Michigan, just minutes from the state capital and downtown entertainment districts. This fully rented multi-family property offers immediate cash flow with stable tenants in place, making it an ideal addition to any real estate portfolio. The property's prime location provides convenient access to local amenities, government offices, and vibrant downtown attractions, ensuring continued demand from tenants. With a little TLC and strategic updates, there's significant potential to increase property value and rental income, making this a smart investment for both seasoned investors and newcomers alike. This multi-family asset presents a compelling chance to add value through cosmetic improvements, upgrades, or operational efficiencies. The existing layout offers flexible options for renovations to modernize units and boost rental rates. The strong occupancy rate combined with its proximity to key Lansing landmarks positions this property as a stable, income-generating investment with promising upside. Whether you're looking to expand your rental portfolio or capitalize on Lansing's growing market, this property offers a rare opportunity to maximize returns with minimal initial effort.
- Utilities
- Natural Gas Available
- Natural Gas Connected
- Electricity Connected
- Heating Information
- Natural Gas
- Forced Air
- Cooling Information
- None
- Water Features
- Public
- Basement
- Full
Listing Courtesy: Cody & Co. - 616-240-6590. Presented by: Ricardo S Cottengim
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Market statistics compiled from data from Southwest Michigan Regional Information Center.
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$109,900
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