821 E Shiawassee Street E $1,859,900

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    821 E Shiawassee Street E Lansing, MI 48912

    • Commercial
    • MLS# 283454
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    Views: 15 Days On Site: 67

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    Property Details

    A fantastic opportunity to enhance value in turn-key investment properties! Ideally situated in a rapidly evolving area, this property offers investors a unique chance to create versatile living spaces, appealing to a diverse range of tenants. 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.837 - tri-plex, tenants pay all utilities (fire damage right before it was purchased, so extensive remodeling, also a large, detached garage)901 - duplex, tenants pay all utilities905 - single, tenants pay all utilitiesOnly offers on the entire portfolio considered at this time. Seller financing available.

    • General Features
      • Subdivision None
      • Year Built 0
      • Current Use Residential
      • County Ingham
      • Zoning Commercial
    • Building Features
      • Appliances Range, Refrigerator
      • Basement Michigan, Partial
      • Exterior Brick
    • Property Features
      • Sewer Public Sewer
      • Land Acreage Up to 1/4 Acre
    • Schools
      • School District Lansing

    Neighborhood

    48912 (Lansing) Demographics

    32 Median Age
    3,548 Population Density (per sq. mile)
    46% College Educated
    $46,443 Estimated Median Income
    3,425 Estimated Total Home Owners
    4,501 Estimated Total Renters
    43% / 57% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    17,259 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $118,500 Median Sales Price
    19 Homes Sold
    16 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,859,900
        9/11/2024 8:08:00 PM New in Database Source: Multiple Listing Service New Value: $1,859,900

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. All information is deemed reliable but is not guaranteed.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.