USAMILansing5400 S Waverly Rd
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New
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$189,900

For Sale

3 days ago

5400 S Waverly Rd, Lansing, MI

House

MLS® 299817

0 Bed

3 Bath

3000 sqft

6 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 3000 sqft
Garage 
Taxes 
Days Active 2
Lot Size 0.35 Acres
Approx. Age 1942
Avg. Price Per Sqft $63
MLS® Number 299817

Property Address: 5400 S Waverly Rd, Lansing, MI, 48911-3304

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number299817
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1942
BasementCrawl Space
Driveway
Garage Spaces
HeatForced Air, Natural Gas
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 9, 2026List Date
$189,900List Price
  • Commute

Commute

Starting Address
Destination Address
5400 S Waverly Rd, Lansing, MI

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