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724 N Pennsylvania Avenue

Lansing, MI 48906
  • $899,900
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 266678
UPDATED: 38 min ago
$899,900
  • 0
    BEDS
  • 0.67
    ACRES
  • 20
    BATHS
  • 0
    1/2 BATHS
  • 16,217
    SQFT
  • $55
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1969
County:
Area:

School Ratings & Info

School District:

Description

724 N Penn - 20 Unit Apartment Building, 12 - 1BR/1BA & 8 - 2BR /1 BA. Also for sale is 718 N Penn - 3BR single family house next door at $69,900, See Listing. Great opportunity for a value-add property!! All rents are well below market. Contact List Agent for all Showings. Advanced notice required. The property is in the decontrol period of a MSHDA LIHTC program which expires August 2023. Some existing tenants are rent protected. Once a unit is vacant it is released from the program and free of restrictions. See TPP letter in additional documents. Broker has ownership interest in property. See attached docs for additional info.

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© 2022 Greater Lansing Association of Realtors® MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GLAR MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Home Seekers | Berkshire Hathaway Tomie Raines Realtors. Data last updated: 2022-08-12T11:12:36.51.
www.homeseekers.net/homes/130705373
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724 N Pennsylvania Avenue Lansing, MI 48906

  • Price: $899,900
  • Status: Active
  • On Site: 34 Days
  • Updated: 38 min ago
  • MLS #: 266678
0
Beds
20
Baths
0
½ Baths
0.67
Acres
16,217
SQFT
$55
$/SQFT
1969
Built
Neighborhood:
None
County:
Ingham
Area:
Lansing
School District:
Lansing
Property Description
724 N Penn - 20 Unit Apartment Building, 12 - 1BR/1BA & 8 - 2BR /1 BA. Also for sale is 718 N Penn - 3BR single family house next door at $69,900, See Listing. Great opportunity for a value-add property!! All rents are well below market. Contact List Agent for all Showings. Advanced notice required. The property is in the decontrol period of a MSHDA LIHTC program which expires August 2023. Some existing tenants are rent protected. Once a unit is vacant it is released from the program and free of restrictions. See TPP letter in additional documents. Broker has ownership interest in property. See attached docs for additional info.
Exterior Features

Exterior Brick Land And Acreage 1/4+ Thru 1/2 Acre Levels Two Lot Dimensions Undefinedxundefined Parking Features Parking Lot

Interior Features

Appliances OvenRefrigerator Basement Full Cooling None Foundation Size 8109.00 Heating Hot Water Laundry Features In Basement

Property Features

Building1 Description 20 Unit Apartment Building Current Use Residence Sewer Public Sewer Sub Type Commercial Sale Tax Year 2022 Taxes 30984.00 Terms CashConventional Township Tax Authority Lansing City Zoning Multi-Family

Listing provided courtesy of Benjamin Parker of Apex Appraisal Company Llc.

Listing information © 2022 Greater Lansing Association of Realtors® MLS.
© 2022 Greater Lansing Association of Realtors® MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GLAR MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Home Seekers | Berkshire Hathaway Tomie Raines Realtors. Data last updated: 2022-08-12T11:12:36.51.
 
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Home Seekers | Berkshire Hathaway Tomie Raines Realtors
1400 Abbot Suite 200
East Lansing MI, 48820