724 N Pennsylvania Avenue

Lansing, MI, 48906

$899,900

$110 per ft²
$899,900
$110 per ft²
Active
Active
 - For Sale
baths
20 Baths
carpenters-square
8,109 ft²
property_type
Commercial
calendar
Built 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.
MLS® ID:
266678
Listed:
7/7/22
Updated:
9/30/22
Coldwell Banker
The Carin Whybrew Project

Interior Features

Kitchen Appliances
Oven, Refrigerator
Total Bedrooms
0
Total Bathrooms
20
Laundry Description
In Basement
Cooling
None
Heating
Hot Water

Exterior/Building Features

Lot Size
0.67 acres lot
Sewer
Public Sewer

School Information

High School
Lansing

Other Property Details

Taxes
$30984
Tax Frequency
per YEAR
Garage
No
Parking
Parking Lot
View
N
County
Ingham
Pool
No

Listed by , Apex Appraisal Company LLC,

Based on information from Greater Lansing Association of REALTORS (GLAR) as of 9/30/22. 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.

©2022 Greater Lansing Association of REALTORS (GLAR). All rights reserved.

Data last updated 3:21 PM UTC, 9/30/22

Coldwell Banker
The Carin Whybrew Project
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