724 N Pennsylvania Ave - 724 N Penn - 1 724 N Pennsylvania Ave - Kitchen - 2 724 N Pennsylvania Ave - Bedroom - 3

724 N Pennsylvania Ave
Lansing, MI 48906 Sold

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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 freeof restrictions. See TPP letter in additional documents. Broker has ownership interest in property. See attached docs for additional info.

Key Features of 724 N Pennsylvania Ave, Lansing, MI 48906

Property Type
Commercial Sale

Year Built
1969

Heating
Hot Water

MLS Number
266678

Sold Date
04/21/2023

Appliances
Oven, Refrigerator

Basement: Full
Exterior: Brick
Sewer: Public Sewer
Lot Size: 0.67 acres
Parcel #: 33-01-01-10-378-021
Zoning: Multi-Family
Tax Authority: Lansing City
Taxes: $30,984
State Equalized Value: $400,000
Subdivision: None
County: Ingham

School District: Lansing

View Information on Lansing Schools

Date List Price Status
04/26/23 For Sale
07/08/22

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Listing provided by Benjamin Parker, Apex Appraisal Company LLC, 724 Abbott Road, East Lansing, MI 48823