A TURNKEY INVESTMENT OPPORTUNITY IN VIBRANT LANSING!
Discover this meticulously maintained and significantly updated 5-unit multifamily property, ideally situated in the heart of Lansing. This offering presents a rare chance for investors to acquire a cash-flowing asset with immediate income and significant upside potential, particularly through its established mid-term rental unit.
Strategic location with easy access to downtown Lansing, local amenities, transportation, and employment hubs makes this property highly attractive to a wide range of tenants.
Investment Upside
Proven Mid-Term Rental Success: Leverage the existing furnished unit's success to potentially convert additional units, significantly boosting your overall revenue towards the $87,000 Mid-Term Market Annual Potential.
Strong Rental Market: Lansing's robust economy, growing population, and proximity to major universities (Michigan State University), state government, and healthcare facilities ensure consistent demand for rental properties.
Don't miss out on this exceptional opportunity to own a stable, income-generating asset with significant future potential in a thriving Michigan market!
Highlights
2025 Garage Roof
2024 Updated Electrical Panels
2023 Poured Concrete parking lot
2023 New boiler
2018 New roof and back decks
Finished hardwood floors
Successful furnished mid-term rental makes this an attractive value add opportunity to turn remaining 4 units and significantly increase NOI