$109,000
Lansing, MI 48912
MLS# 25050125
Status: Pending
1 / 30
Property Description
Whether you're starting your rental business or expanding your existing portfolio, this property is an ideal opportunity. Great cash flow! $1550/month rent. This newly vinyl sided 2 and 1 duplex is rented into 2026 so start making money the day you close. Located in a high-demand area near Sparrow Hospital, LCC, Cooley Law and the Michigan ave corridor, the demand for this location is not slowing down. An optional, third-party management company is available to continue service for the new owner. Do not let this one slip by, schedule your showing today!!!
Details
Maps
Location & Property Info
Cross Streets: Vine st/ N 8th st
Property Sub-Type: 2 to 4 Units
Area: Ingham County - 20
Municipality: Lansing City
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 41x142
Road Frontage: 41
Cert of Compliance: No
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 2
School District: Lansing
Lot Measurement: Acres
Lot Square Footage: 6098
Lot Acres: 0.14
Year Built: 1875
Tax Info
Taxable Value: 42478
SEV: 56900
For Tax Year: 2024
Seller's Annual Property Tax: 3559
Tax Year: 2024
Homestead %: 0
Spec Assessment & Ty: none
Zoning: Residential
Tax ID #: 33-01-01-15-152-101
Remarks & Misc
Public Remarks: Whether you're starting your rental business or expanding your existing portfolio, this property is an ideal opportunity. Great cash flow! $1550/month rent. This newly vinyl sided 2 and 1 duplex is rented into 2026 so start making money the day you close. Located in a high-demand area near Sparrow Hospital, LCC, Cooley Law and the Michigan ave corridor, the demand for this location is not slowing down. An optional, third-party management company is available to continue service for the new owner. Do not let this one slip by, schedule your showing today!!!
Legal: W 1/2 LOT 6 BLOCK 5 JEROMES ADD
Lot Description
Sidewalk: 1
Street Type
Paved: 1
Util Avail at Street
Cable Available: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
No: 1
Exterior Material
Vinyl Siding: 1
Assoc. Fee Incl.
Cable/Satellite: 1
Electricity: 1
Heat: 1
Sewer: 1
Trash: 1
Water: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
None: 1
Driveway
Asphalt: 1
Substructure
Michigan Basement: 1
Owner Pays
Electricity: 1
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit Description: 2 bed 1 bath
SqFt: 700
Occupied: Yes
Monthly Rent: 900
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 2
Unit #: 2
Unit Description: 1 bed 1 bath
SqFt: 500
Occupied: Yes
Monthly Rent: 650
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Ingham
Street #: 831
Street Name: Vine
Suffix: Street
State: MI
Zip Code: 48912
Zip (4): 1529
OfficeContract Info
Status: Pending
Current Price: $109,000
List Price: $109,000
Listing Date: 2025-09-29
Remarks Misc
Directions: Pennsylvania to Vine, vine west to property
Status Change Info
Under Contract Date: 2026-02-17
Property Features
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Michigan Basement
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available
Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Asphalt
Street Type: Paved
Mineral Rights: No
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: Range Oven; Refrigerator; Washer/Dryer
Unit 2: Range/Oven; Refrigerator; Washer/Dryer
Listing Office: EXP Realty LLC
Listing Agent: Jacob W Horman
Last Updated: March - 24 - 2026
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