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313 W César E. Chávez Avenue, Lansing, MI 48906

$115,000
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List Price
$115,000
Status
PENDING
MLS#
297144
Acres
0.10
Year Built
1875
Days on Market
0
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Property Description

Excellent cash-flow opportunity! This registered 3-unit rental in the City of Lansing is priced at just $115,000 and offers immediate income potential with two vacant units ready for a new owner to lease or occupy. The property features one 2-bedroom/1-bath unit, one 1-bedroom/1-bath unit, and one studio currently tenant-occupied. Previous rents were approximately $900 for the 2-bedroom, $835 for the 1-bedroom, and $675 for the studio. Each unit has separate utilities (owner pays water only), with individual furnaces for Units 1 and 2 and baseboard heat in Unit 3. Additional features include a newer roof (approximately 3 years old), rental license valid through 7/1/2027, and a convenient location just minutes from Lansing Community College, downtown Lansing, shopping, and major highways.

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Additional Information

Appliances
Gas Water Heater
Exterior
Wood Siding
Basement
Michigan
School District
Lansing
Heating
Forced Air, Natural Gas
Water
Public
Sewer
Public Sewer
Terms
Cash, FHA, Conventional
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Listing courtesy of Listing Agent: Odifax (Oddie) Sira (osira@tomieraines.com) from Listing Office: Berkshire Hathaway HomeServices.


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