Renovated 5-Unit Residential Investment
For Sale
$369,900
819 Vine Street, Lansing, MI 48912
Completely renovated 5-unit property near University of Michigan.
Property SizeContact for details
Lot Size0.15 Acres
Days on Market618
Property Features for 819 Vine Street
General Information
Standard status
Active
Lot size
0.15 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$5,239
Building Details
Year Built
1918
Listing Agency:
Apex Appraisal Company LLC
(517) 290-5100
Listed By:
Benjamin Parker
(517) 290-5100
Source:
Exitrealty
Added: Dec 11, 2024
Changed: Aug 9
Last Checked: Apr 6 at 3:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Apex Appraisal Company LLC
Investment Insights
Based on property information with market context.
This is a 5-unit residential property featuring a studio unit in the basement. Each of the units includes one bedroom and one bathroom. The property is located in close proximity to the University of Michigan, Sparrow Hospital, Neogen, and the Stadium District. The interior of the property has been completely renovated. A new high-efficiency boiler and water heater have been installed. The landlord is responsible for covering the costs of water, sewer, and heat, while tenants are responsible for paying for their own electric usage. The property presents a potential income of $5,000 or more per month.
Key Highlights
- Turn‑key property, prime investment opportunity.
- Potential income of $5,000+/month.
- Completely renovated interior.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,010
Businesses Nearby
Explore this area
Business Placement
Demographics for 48912, MI
17,155
Population
9,064
Households
1.9
Avg Household Size
34
Median Age
40%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
3,299
Density / Sq Mi
$53,072
Median Household Income
$34,598
Median Earnings
$1,037
Median Rent
$139,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Completely renovated 5-unit property near University of Michigan.
Where is this apartment building located?
The property is located at 819 Vine Street Lansing, MI.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Turn‑key property, prime investment opportunity.; Potential income of $5,000+/month.; Completely renovated interior.
