1612 S Washington Avenue, Lansing, MI 48910
Local realty services provided by:CENTURY 21 Affiliated
1612 S Washington Avenue,Lansing, MI 48910
$177,500
- - Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: john hagerty, jr.
Office: five star real estate - lansing
MLS#:294468
Source:MI_GLAR
Price summary
- Price:$177,500
About this home
TURNKEY INVESTMENT OPPORTUNITY IN LANSING! THIS LICENSED CITY OF LANSING RENTAL QUADPLEX OFFERS STRONG CASH FLOW & CONSISTENT NET RENTAL INCOME. THE PROPERTY FEATURES 4 UNITS INCLUDING 3- EFFICIENCY UNITS & ONE 1-BEDROOM UNIT, ALL WITH LONG-TERM TENANTS PROVIDING STABLE OCCUPANCY. LANDLORD CURRENTLY PAYS UTILITIES & THE PROPERTY STILL PRODUCES TREMENDOUS NET RENTAL INCOME, MAKING THIS AN ATTRACTIVE ADDITION TO ANY INVESTOR'S PORTFOLIO. TENANTS ENJOY THE CONVENIENCE OF ONSITE COIN-OPERATED LAUNDRY, PROVIDING ADDITIONAL INCOME STREAM FOR THE OWNER, AS WELL AS A LARGE PARKING LOT WITH PLENTY OF SPACE FOR BOTH TENANTS & GUESTS. PRIME LOCATION ON CATA BUS LINE & CLOSE TO DOWNTOWN LANSING, REO TOWN, & OLD TOWN WITH EASY ACCESS TO GROCERY & DINING. INVESTOR ALERT! SELLER HAS A 2ND RENTAL OPPORTUNITY TO PURCHASE THE ADJACENT PROPERTY AT 1614 S WASHINGTON, WHICH IS ALSO A QUADPLEX CURRENTLY FOR SALE CREATING THE POTENTIAL TO OWN EIGHT SIDE-BY-SIDE UNITS IN A STRONG RENTAL LOCATION. THIS IS AN EXCELLENT OPPORTUNITY FOR INVESTORS LOOKING TO EXPAND THEIR PORTFOLIO WITH A SOLID INCOME-PRODUCING PROPERTY....
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Home facts
- Year built:1890
- Listing ID #:294468
- Added:137 day(s) ago
- Updated:July 29, 2026 at 04:23 PM
Rooms and interior
- Total bathrooms:2
- Full bathrooms:2
- Basement Description:Michigan
Heating and cooling
- Heating:Forced Air, Heating, Natural Gas
Structure and exterior
- Roof:Shingle, Wood
- Year built:1890
- Lot area:0.14 Acres
- Lot Features:City Lot
- Construction Materials:Vinyl Siding
- Levels:Two
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$177,500
Features and amenities
- Laundry features:Common Area
Parking
- Parking description:Parking Lot
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