833 Vine St
Well Located 4-Unit near UM Sparrow and Neogen with a value-add opportunity!
Marketing description
Exceptional 4-Unit Income Property in Prime Lansing Location – Near UM Sparrow Hospital & Neogen!
Discover an outstanding investment opportunity in the heart of Lansing! This well-maintained 4-unit multifamily property is ideally situated between University of Michigan Sparrow Hospital and Neogen Corporation, two major employers currently expanding and bringing hundreds of new jobs to the area — making this an ideal spot for long-term rental demand.
Each unit offers one bedroom and one full bathroom, with Unit 1 featuring a bonus second bedroom, perfect for additional rental flexibility or a home office setup. Three of the four units have been tastefully updated, offering comfortable, modern living spaces that attract quality tenants.
Key Features:
4 total units (3 updated)
Unit 1 includes a small 2nd bedroom
Landlord pays water, sewer, and heat
Tenants pay electric
Strong rental history and steady occupancy
Convenient off-street parking and easy access to downtown Lansing, MSU, and major highways
Whether you’re a seasoned investor expanding your portfolio or a new investor looking for a turnkey income property, this is an excellent choice in a rapidly developing neighborhood.
Bonus Opportunity: This property can be purchased together with 819 Vine St, a nearby 5-unit property listed at $359,900, offering a combined 9-unit portfolio in a thriving rental market! Listing agent has ownership interest in both Vine St Properties
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