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602 N Pennsylvania Avenue, Lansing, MI 48912

Lansing
Local realty services provided by:CENTURY 21 Affiliated
602 N Pennsylvania Avenue,Lansing, MI 48912
$165,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: thomas barrett
Office: keller williams realty lansing
MLS#:290983
Source:MI_GLAR

Price summary

  • Price:$165,000

About this home

Fantastic investment opportunity just 2 blocks from U of M Health - Sparrow Hospital! This occupied 4-unit multifamily property includes: One 3-bedroom unit, Two 1-bedroom units, and One efficiency unit. Key highlights: MSHDA subsidized tenants - steady, guaranteed rental income. Long-term tenants - stable occupancy, low turnover. Instant cash flow - fully rented with solid rental history. New boiler - recent mechanical upgrade reduces maintenance costs. Whether you're a first-time investor or expanding your portfolio, this property offers dependable returns in a high-demand area. Proximity to medical facilities, public transit, and amenities make it a desirable rental location. Property sold ''As is''.

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Home facts

  • Year built:1872
  • Listing ID #:290983
  • Added:203 day(s) ago
  • Updated:March 25, 2026 at 02:58 PM

Rooms and interior

  • Flooring:Carpet, Vinyl, Wood
  • Basement Description:Crawl Space, Full, Michigan

Heating and cooling

  • Heating:Heating, Hot Water, Radiant

Structure and exterior

  • Roof:Flat, Shingle
  • Year built:1872
  • Lot area:0.15 Acres
  • Lot Features:Corner Lot
  • Construction Materials:Vinyl Siding
  • Levels:Two

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$165,000

Features and amenities

  • Appliances:Gas Water Heater

Parking

  • Parking description:Detached, Garage, On Street, Storage
  • Garage spaces:2

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