Seller's Agent in 2024
Sandi Gentry
RE/MAX Michigan
(616) 935-1150
1 in this area
1,231 Total Sales
1037 Bement St Lansing, MI 48912
Hunter Park NeighborhoodEstimated Value: $128,000 - $159,000
Studio
--
Bath
--
Sq Ft
4,792
Sq Ft
About This Home
As of May 2024This purpose-built side-by-side duplex is designed for investor profitability located just 5-minutes from Lansing College. Each unit boasts separate electrical and gas meters (paid by tenants), ensuring efficiency and ease of management. Both units have undergone recent upgrades in 2023 and 2024, including new carpeting, fresh paint, and hot water heaters. With a solid rental history and market rents of $1100+ per month per unit (a total of $2200 for both units), this duplex promises a steady stream of income. Unit 1101 is leased at $1000/month. Schedule a viewing now and seize the chance to own this lucrative duplex!
Last Agent to Sell the Property
RE/MAX Lakeshore License #6506045021 Listed on: 03/26/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,394
Year Built
- Built in 1909
Lot Details
- 4,748 Sq Ft Lot
- Lot Dimensions are 39.5 x 120
- Level Lot
Parking
- 2 Parking Spaces
Home Design
- Vinyl Siding
Basement
- Michigan Basement
- Crawl Space
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Individual Gas Meter
- Phone Available
- Cable TV Available
Community Details
- 2 Units
Listing and Financial Details
- Tenant pays for electric, water, trash, sewer, gas
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 26, 2024
Closed on
May 8, 2024
Sold by
Oikos Properties Llc
Bought by
Ritzema Kevin
Seller's Agent
Sandi Gentry
RE/MAX Lakeshore
Buyer's Agent
Ricardo Cottengim
Cody & Co.
List Price
$134,900
Sold Price
$140,000
Premium/Discount to List
$5,100
3.78%
Views
27
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,965
Avg. Annual Appreciation
0.79%
Original Mortgage
$105,000
Interest Rate
6.99%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 28, 2022
Sold by
Vernon House Llc
Bought by
Oikos Properties Llc
Purchase Details
Closed on
Nov 14, 2014
Sold by
Sands David P and Sands Sueann M
Bought by
Sipeolu Oluwaseun
Purchase Details
Closed on
Jun 1, 2011
Sold by
Sands David P and Sands Sueann M
Bought by
Sands David P and Sands Sueann M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ritzema Kevin | $140,000 | Chicago Title | |
| Oikos Properties Llc | $9,000 | -- | |
| Sipeolu Oluwaseun | $30,000 | Parks Legacy Title | |
| Sands David P | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ritzema Kevin | $105,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/10/2024 05/10/24 | Sold | $140,000 | +3.8% | -- | |
| 03/27/2024 03/27/24 | Pending | -- | -- | -- | |
| 03/26/2024 03/26/24 | For Sale | $134,900 | -1.2% | -- | |
| 12/29/2021 12/29/21 | Sold | $136,500 | +1.2% | $67 / Sq Ft | View Prior Sale |
| 11/22/2021 11/22/21 | Pending | -- | -- | -- | |
| 11/09/2021 11/09/21 | For Sale | $134,900 | -- | $66 / Sq Ft |
Source: MichRIC
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,257 | $67,500 | $3,600 | $63,900 |
| 2024 | $35 | $58,400 | $3,600 | $54,800 |
| 2023 | $4,009 | $47,200 | $3,600 | $43,600 |
| 2022 | $3,394 | $41,400 | $3,000 | $38,400 |
| 2021 | $2,142 | $36,600 | $4,000 | $32,600 |
| 2020 | $2,126 | $33,200 | $4,000 | $29,200 |
| 2019 | $3,596 | $31,700 | $4,000 | $27,700 |
| 2018 | $1,947 | $23,600 | $4,000 | $19,600 |
| 2017 | $1,871 | $23,600 | $4,000 | $19,600 |
| 2016 | $1,829 | $23,200 | $4,000 | $19,200 |
| 2015 | $1,829 | $22,700 | $7,900 | $14,800 |
| 2014 | $1,829 | $22,800 | $8,295 | $14,505 |
Source: Public Records
Agents Affiliated with this Home
-
Sandi Gentry
-
Ricardo Cottengim
R
Buyer's Agent in 2024
Ricardo Cottengim
Cody & Co.
(810) 300-5073
1 in this area
27 Total Sales
-
F
Seller's Agent in 2021
Fawn Lachapelle
The Gateway Group @ Keller Williams
-
N
Buyer's Agent in 2021
Non Member
Non Member Office
Map
Source: MichRIC
MLS Number: 24014343
APN: 01-01-15-378-141
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.
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