130 S 8th Street

Lansing, Michigan 48912

  • 7 Bed(s)
  • 4.5 Bath(s)
  • 2,395 Sqft
  • 0.09
    Acre(Lot)
$240,000

Description

Assume this home's 3.5% mortgage and save thousands annually! great investment opportunity! this 4-unit multifamily property features a unit mix of (3) two-bedroom units and (1) one-bedroom unit, with tenants covering all utilities. unit 4 is currently vacant, offering potential for a new tenant or owner-occupancy. the property includes four separate furnaces and multiple hot water tanks, with a new one installed in 2023, and functional stoves in all but one unit. with stable tenants and section 8 rental support, this property presents a great opportunity for cash flow—don’t miss out!

existing mortgage with an unpaid balance of approximately $181,329.00 to be paid off at closing. current monthly payment is $1,979.10 with about 26 years remaining.

fha/va financing may be considered; however, the property may require fha/va repairs that the seller may not be able to complete. an optimal fha/va offer would likely include the buyer covering up to a certain amount of repairs, with any remaining repairs to be addressed separately. possible package deal available—seller may consider package discounts for a total of four buildings: 531 bryant st, kalamazoo, mi 49001, 130 s 8th st, lansing, mi 48912, 1380 college ave, lincoln park, mi 48146.

monthly rent:
apartment 1 - $787
apartment 2 - $1099
apartment 3 - $1099
apartment 4 - vacant

  • Property Type

    Multifamily

  • Subdivision

    Nottingham Court (plats)

  • County

    Ingham

  • Style

    Other

  • AD ID

    49096524

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Property Details

  • Bathroom Information

    • Total Baths: 4.5
    • Full Baths: 4
    • Half Baths: 1

    Interior Features

    • Laundry Facility
    • Roof : Asphalt
    • Basement Description: Unfinished

    Heating & Cooling

    • Heating: Forced Air
    • Heating Fuel: Natural Gas

    Water Heater

    • Natural Gas

  • Building Information

    • Year Built: 1905
    • Building Stories: 2 Story
    • Total Units: 4
    • Roof: Asphalt
    • Foundation/Basement: Basement
    • Architecture: Other

    Exterior Features

    • Lighting
    • Construction: Wood

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)
    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 0.09
    • Dimensions: 44.00 x 88.00

    Property Information

    • SQ ft: 2395
    • Subdivision: GREEN OAK ADD
    • Financing: Cash,Conventional,FHA,VA

  • Listing Price Information

    • Original List Price: $250,000

    Listing Information

    • Possession: Subject To Tenant Rights
    • Legal Description: S 44 FT OF E 88 FT LOT 11 BLOCK 5 GREEN OAK ADD

  • Tax Information

    • Annual Tax: $7,711
    • Parcel Number: 33010115303091

    Possession

    • Subject To Tenant Rights

    Legal Information

    • Legal Description: Section: S 44 FT OF E 88 FT LOT 11 BLOCK 5 GREEN OAK ADD

  • Parking Information

    • Parking: 4

    Multi-Unit Information

    • Road Frontage: Paved

    Unit 1 Information

    • # of Bedrooms: 1

    Unit 2 Information

    • # of Bedrooms: 3

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 05/12/2025 @ 08:33

  • MLS: 624232558
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 7 bedrooms which is for sale, it has 2,395 sqft, 0 sized lot, and Unassigned parking. are nearby neighborhoods.