Sold
724 N Pennsylvania Avenue
Lansing MI, 48906
$899,900
$55.49 per sqft
Sold
20 Baths
16,217 sqft
Commercial
Built in 1969
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.
266678
MLSⓇ ID
July 8, 2022
Listed
February 16, 2024
Updated
Map
724 N Pennsylvania Avenue
Lansing MI, 48906
Interior Features
Total Stories
2
Bathrooms
20 Baths
Appliances
Refrigerator, Oven
Laundry Description
In Basement
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Hot Water
Exterior/Building Features
Lot Size
0.67 Acres
Sewer
Public Sewer
School Information
School District
Lansing
Other Property Details
Taxes
$30,984
Tax Frequency
Annually
Garage
No
Parking
Parking Lot
View
No
County
Ingham
Municipality
Lansing City
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
4/26/2023 | Unknown | — |
Listed by Benjamin Parker, Apex Appraisal Company LLC, 517-487-0611
Based on information from Greater Lansing Association of REALTORS (GLAR) as of 2/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
©2024 Greater Lansing Association of REALTORS (GLAR). All rights reserved.
Data last updated 2:40 AM UTC, 2/16/2024
