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Listed by Berkshire Hathaway HomeServices
$ 189,900
Est. payment /mo
Pending
5400 S Waverly RD Lansing, MI 48911
3 Baths
0.35 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 299817
Year Built 1942
Tax Year 2025
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 76x200
Property Sub-Type Triplex
Source Greater Lansing Association of REALTORS®
Property Description
Investment opportunity in Lansing! This triplex offers three units with combined monthly rental income of $3,010. The units at 5400 Waverly and 3911 Phoenix each feature 2 bedrooms, 1 bathroom, and approximately 600 square feet, with each renting for $1,200 per month. The unit at 3913 Phoenix offers 1 bedroom, 1 bathroom, and approximately 600 square feet, renting for $610 per month to a longstanding tenant retained from the prior ownership on a month-to-month lease. The roof at 5400 Waverly has been inspected with no issues reported. The parcel also includes an open lot to the west, and the rental license is due for renewal in 2027. The same owner also owns 5316/5318 Waverly, Lansing, MI 48911, which is currently for sale, offering an opportunity to purchase an additional income property. Across all units, driveways have been filled and smoothed with crushed concrete, handrails have been installed at all front entrances, and gutters are cleaned annually. Tenants are responsible for all utilities and trash service, and the water heaters are all about 10 years old.
Location
State MI
County Eaton
Direction Off of Waverly Road, South of Jolly
Rooms
Basement Crawl Space
Interior
Heating Forced Air, Natural Gas
Cooling None
Laundry In Unit, Other
Exterior
Parking Features Driveway
View Y/N No
Total Parking Spaces 6
Building
Lot Size Range 0.35
Sewer Public Sewer
Schools
High Schools Holt/Dimondale
School District Holt/Dimondale
Others
Tax ID 23-235-080-012-800-21
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan