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724 N Pennsylvania Avenue

Lansing, MI 48906
  • $899,900
  • STATUS: Active Under Contract
  • ON SITE: 153 Days
  • MLS #: 266678
Under Contract
$899,900
  • 0
    BEDS
  • 0.67
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,109
    SQFT
  • $111
    $/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 The Gateway Group at Keller Williams. Data last updated: 2022-12-08T23:57:23.973.
www.realhomepros.com/homes/130705373
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724 N Pennsylvania Avenue Lansing, MI 48906

  • Price: $899,900
  • Status: Active Under Contract
  • On Site: 153 Days
  • MLS #: 266678
0
Beds
0
Baths
0
½ Baths
0.67
Acres
8,109
SQFT
$111
$/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

Attached Garage YN No Construction Materials Brick Lot Size Dimensions Undefinedxundefined Parking Features Parking Lot Road Frontage Type City Street

Interior Features

Cooling None Cooling YN No Heating Hot Water Heating YN Yes Kitchen Appliances RefrigeratorOven Laundry Features In Basement Levels Two

Property Features

Green Building Verification Type [] Listing Terms ConventionalCash Property Sub Type Commercial Sale Property Type Label Commercial Sewer Public Sewer Tax Amount 30984 Tax Year 2022 Township Lansing City

Listing provided courtesy of Benjamin Parker of Apex Appraisal Company Llc: 517-487-0611.

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 The Gateway Group at Keller Williams. Data last updated: 2022-12-08T23:57:23.973.
 
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The Gateway Group at Keller Williams
1300 N Waverly Rd
Lansing MI, 48917