MI > Lansing > Lansing City
Lansing, MI 48912,130 S 8TH Street
Lansing, MI 48912,130 S 8TH Street
Lansing, MI 48912,130 S 8TH Street
Lansing, MI 48912,130 S 8TH Street
Lansing, MI 48912,130 S 8TH Street
Lansing, MI 48912,130 S 8TH Street
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mon
28
Apr
Tue
29
Apr
Wed
30
Apr
Richard Stewart

Richard Stewart

+1(269) 345-7000
$ 240,000
Est. payment | /mo

5 Baths

3,920 Sqft Lot

Save
$ 240,000
Est. payment | /mo
Save

5 Baths

3,920 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Lansing City

Subdivision Lansing City

MLS Listing ID 20250017791

Originating Board Realcomp

Year Built 1905

Annual Tax Amount $7,711

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 44.00 x 88.00

Property 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 - $1099Apartment 3 - $1099Apartment 4 - vacant

Location

State MI

County Ingham

Zoning Multi-Family

Direction N of Eureka St / W of Hill St

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Sewer Public

Water Public

Structure Type Wood Siding

Schools

School District Lansing

Others

Tax ID 33010115303091

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by S&P Realty
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(269) 345-7000

richard@2693457000.com

828 Portage St, Kalamazoo, MI, 49001, United States

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Richard Stewart, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

130 S 8TH Street