1614 S Washington Avenue, Lansing, MI 48910

Property Description

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. THE LANDLORD CURRENTLY PAYS UTILITIES & THE PROPERTY STILL PRODUCES TREMENDOUS NET RENTAL INCOME, MAKING THIS AN ATTRACTIVE ADDITION TO ANY INVESTOR'S PORTFOLIO. TENANTS ALSO BENEFIT FROM A LARGE PARKING LOT WITH PLENTY OF SPACE FOR BOTH TENANTS AND GUESTS. PRIME LOCATION CLOSE TO DOWNTOWN LANSING, REO TOWN, AND OLD TOWN WITH EASY ACCESS TO GROCERY STORES, DINING, & THE CATA BUS LINE FOR . INVESTORS WILL ALSO APPRECIATE THE UNIQUE OPPORTUNITY TO PURCHASE THE ADJACENT PROPERTY AT 1612 S WASHINGTON, WHICH IS ALSO A QUADPLEX CURRENTLY FOR SALE WHICH CREATES THE POTENTIAL TO OWN 8 SIDE-BY-SIDE UNITS IN A STRONG RENTAL LOCATION. EXCELLENT OPPORTUNITY FOR INVESTORS LOOKING TO EXPAND THEIR PORTFOLIO WITH A SOLID INCOME-PRODUCING PROPERTY.