130 South 8th Street

Lansing MI 48912

2395 sq. ft.

0.09 ac.

Multi-Family

Currently for sale - view listing

Overview

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! If you're interested in the loan assumption: Existing mortgage has an unpaid balance of approximately $181,329.00. Current monthly payment is $1,979.10 with about 26 years remaining. You must qualify for the mortgage assumption, like qualifying for a regular mortgage. Possible package deal available - Possible package deal available - seller may consider package discount for purchase of this and another building: 531 Bryant St, Kalamazoo, MI 49001. Monthly rent: Apartment 1 - $787 Apartment 2 - $1099 Apartment 3 - $1099 Apartment 4 - vacant

Features

5 bathrooms

2395 sq. ft. floor area

0.09 ac. lot size

Multi-Family

Property history for 130 South 8th Street

2021

Sold

$199,000

18 Aug 2021 by Joe Vitale, of Century 21 Looking Glass

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