509 N Walnut Street

Lansing, Michigan 48933

  • 5 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 0.12
    Acre(Lot)
$109,900

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.

  • Property Type

    Multifamily

  • County

    Ingham

  • Style

    Multifamily

  • AD ID

    50334079

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Property Details

  • Heating & Cooling

    • Heating: Forced Air
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1903
    • Total Units: 2

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.12
    • Dimensions: 38x66

    Property Information

    • Financing: Cash,Conventional,FHA

  • Listing Price Information

    • Original List Price: $109,900

    Listing Information

    • Possession: At Close
    • Legal Description: N 38 FT OF E 4 R LOT 5 BLOCK 72 ORIG PLAT

  • Tax Information

    • Annual Tax: $5,027
    • Parcel Number: 33010116108151

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: N 38 FT OF E 4 R LOT 5 BLOCK 72 ORIG PLAT

  • Parking Information

    • Parking: 4

    Unit 2 Information

    • # of Bedrooms: 1

    Unit 3 Information

    • # of Bedrooms: 1

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2025 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan.

BuyOwner last updated this listing 07/04/2025 @ 15:18

  • MLS: 629575067
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 5 bedrooms which is for sale, it has 0 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.