811 Mahlon Street, Lansing, MI 48906

$88,500 Asking Price

3 beds
1 bath
1,104  sqft
Built in 1924

Amazing investment opportunity! This adorable 3-bedroom 1 bathroom Bungalow, located in the popular Eastside neighborhood is close to MSU, LCC, Frandor shopping center, the bus route and downtown Lansing, making it an ideal rental unit! The current rental license is active and good through June of 2026. The roof was replaced in 2023 and a new stove/range in 2022. The property will be vacant in early October, but maintained the same renters for 12 years prior. Estimated potential rental income is approximately $1,100 per month. With endless potential, this would also make a wonderful starter home! *Due to the current tenant's work schedule, please schedule all showings on weekends only.

Features & Amenities

Interior

General:
Ceiling Fan(s), Laminate Counters, Open Floorplan, Primary Downstairs, Storage
Appliances:
Water Heater, Refrigerator, Range, Oven
Laundry:
Gas Dryer Hookup, Laundry Room, Main Level, Washer Hookup
Basement:
Full
Flooring:
Carpet, Hardwood, Vinyl
A/C:
true, Window Unit(s)
Heating:
true, Forced Air, Natural Gas

Exterior

General:
Shed(s)
Style:
Bungalow
Parking:
Driveway, Shared Driveway

Construction

Roofing:
Shingle
General:
Wood Siding, Two, 888.0

Location

Road/Access:
City Street
Originating MLS:
Greater Lansing Association of REALTORS®
School District:
Lansing
County:
Ingham

Lot

Zoning:
LOT 76 TAYLOR ABSTRACT CO'S ADD, 33-01-01-10-477-111
View:
Neighborhood
Fencing:
Back Yard
Current Use:
Rental

Utilities

Utilities:
Water Connected, Sewer Connected, Phone Available, Natural Gas Connected, High Speed Internet Available, Electricity Connected, Cable Available, 100 Amp Service
Water:
Public
Sewer:
Public Sewer

Financial

Source:
Greater Lansing Association of REALTORS®

This listing courtesy of:
Berkshire Hathaway HomeServices Tomie Raines, Elizabeth Fleckenstein

About Lansing, MI

Housing

Number of Units
77,949
Median Home Value
$120,008
Median Rent
$733

46.38% of housing units are renter occupied.

8.24% are vacant.

Commute

Car
75.93%
Public Transportation
3.17%
Walk to Work
2.08%
Work from Home
17.71%
Other
0.45%

The median travel time to work is 17 minutes.

People

Population
162,307
Median Age
36.40
Median Household Size
2.37

Education

High School
25.61%
Associate’s Degree
9.82%
Bachelor’s Degree
19.30%
Graduate Degree
11.53%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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