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Listed by Apex Appraisal Company LLC
$1,250,000
Est. payment /mo
0.33 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 293356
Year Built 1967
Annual Tax Amount $24,605
Tax Year 2025
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 49.5' x 167' & 82.5' x 169'
Property Sub-Type Multi Family
Source Greater Lansing Association of REALTORS®
Property Description
An exceptional opportunity to own two small multifamily properties in a prime Lansing location. Conveniently located near University of Michigan Health-Sparrow Hospital, Neogen, and the Stadium District, this offering is well positioned for consistent rental demand. Current rents are below market, providing significant upside potential and an opportunity to increase cash flow. The properties are contiguous along the north side of E Shiawassee St. 821 - 8 units, new high eff boiler, Landlord pays: Heat, water, trash. 829 - 13 units, new high eff boiler, Landlord pays: Heat, water, trash.
Location
State MI
County Ingham
Direction Saginaw St to Pennsylvania Ave South to Shiawassee St West to properties
Rooms
Basement None
Interior
Heating Hot Water
Cooling Window Unit(s)
Laundry Common Area
Exterior
Parking Features Parking Lot
View Y/N No
Building
Lot Size Range 0.33
Sewer Public Sewer
Schools
High Schools Lansing
School District Lansing
Others
Tax ID 33-01-01-15-104-121
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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