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


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

 

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