120 E Elm St Lansing, MI 48910
Reo Town NeighborhoodEstimated payment $1,659/month
Highlights
- Craftsman Architecture
- Private Yard
- Wood Frame Window
- Wood Flooring
- Covered patio or porch
- 3-minute walk to Riverpoint Park
About This Home
INCREDIBLE INVESTMENT OPPORTUNITY in the heart of REO Town! Don't miss your chance to add this fully occupied 4-unit, 2-story home to your portfolio! This charming craftsman era home consists of two 1-bedroom and 2-studio apartments. Covered back porch and fenced back yard shared between lower units. Two attached 10' x 18' storage sheds. This home offers separate gas meters and furnaces for each unit, as well as two electric meters and two water meters. Full tearoff & new roof - 2021. City of Lansing Rental Certificate renewed through 6/1/2026. Located just moments from all the shops and amenities of REO Town and the Lansing River Trail. Quick I-496 access for easy commuting. Minutes from downtown and MSU.
Co-Listing Agent
HPR Team
EXIT Realty Home Partners
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,585
Year Built
- Built in 1925
Lot Details
- 2,352 Sq Ft Lot
- Lot Dimensions are 53.5x44
- Wood Fence
- Level Lot
- Private Yard
- Back Yard
Home Design
- Craftsman Architecture
- Block Foundation
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,048 Sq Ft Home
- 2-Story Property
- Wood Frame Window
- Fire and Smoke Detector
Flooring
- Wood
- Tile
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 2 Parking Spaces
- Driveway
- Paved Parking
- Off-Street Parking
Outdoor Features
- Covered patio or porch
- Rain Gutters
Location
- City Lot
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Cable TV Available
Community Details
Overview
- 4 Units
- Sparrows Subdivision
Building Details
- Water Sewer Expense $4,218
- New Taxes Expense $5,585
- Net Operating Income $14,377
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $44 | $70,900 | $3,100 | $67,800 |
| 2023 | $5,266 | $59,900 | $3,100 | $56,800 |
| 2022 | $4,912 | $58,200 | $2,300 | $55,900 |
| 2021 | $2,485 | $31,500 | $2,800 | $28,700 |
| 2020 | $2,464 | $28,700 | $2,800 | $25,900 |
| 2019 | $2,362 | $26,900 | $2,800 | $24,100 |
| 2018 | $2,256 | $25,500 | $2,800 | $22,700 |
| 2017 | $2,164 | $25,500 | $2,800 | $22,700 |
| 2016 | $2,097 | $25,000 | $2,800 | $22,200 |
| 2015 | $2,097 | $24,000 | $5,678 | $18,322 |
| 2014 | $2,097 | $23,900 | $5,678 | $18,222 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/18/2025 05/18/25 | For Sale | $225,000 | +76.5% | $110 / Sq Ft |
| 03/31/2021 03/31/21 | Sold | $127,500 | +6.3% | $62 / Sq Ft |
| 03/29/2021 03/29/21 | Pending | -- | -- | -- |
| 03/29/2021 03/29/21 | Price Changed | $119,900 | 0.0% | $59 / Sq Ft |
| 02/14/2021 02/14/21 | Pending | -- | -- | -- |
| 02/06/2021 02/06/21 | For Sale | $119,900 | -- | $59 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | $127,500 | Ata National Title Group Llc | |
| Warranty Deed | $75,900 | None Available | |
| Land Contract | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Land Contract | -- | Tri Title | |
| Warranty Deed | $29,450 | Tri Title | |
| Warranty Deed | $29,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $102,000 | New Conventional |
Source: Greater Lansing Association of Realtors®
MLS Number: 287946
APN: 01-01-21-257-175
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