509 N Walnut Street, Lansing, MI 48933
Local realty services provided by:ERA Reardon Realty
509 N Walnut Street,Lansing, MI 48933
$85,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:ricardo s cottengim
Office:cody & co.
MLS#:25032568
Source:MI_GRAR
Price summary
- Price:$85,000
About this home
For sale ''As is'' knob and tube wiring needs to be replaced and price is a reflection of that needed upgrade. Discover a fantastic investment opportunity in Lansing, Michigan, just minutes from the state capital and downtown entertainment districts. This fully rented multi-family property offers immediate cash flow with stable tenants in place, making it an ideal addition to any real estate portfolio. The property's prime location provides convenient access to local amenities, government offices, and vibrant downtown attractions, ensuring continued demand from tenants. With a little TLC and strategic updates, there's significant potential to increase property value and rental income, making this a smart investment for both seasoned investors and newcomers alike. This multi-family asset presents a compelling chance to add value through cosmetic improvements, upgrades, or operational efficiencies. The existing layout offers flexible options for renovations to modernize units and boost rental rates. The strong occupancy rate combined with its proximity to key Lansing landmarks positions this property as a stable, income-generating investment with promising upside. Whether you're looking to expand your rental portfolio or capitalize on Lansing's growing market, this property offers a rare opportunity to maximize returns with minimal initial effort.
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Home facts
- Year built:1903
- Listing ID #:25032568
- Added:89 day(s) ago
- Updated:October 05, 2025 at 03:22 PM
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1903
- Lot area:0.12 Acres
Finances and disclosures
- Price:$85,000
- Tax amount:$5,027 (2024)
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