$90,500
SOLD OCT 17, 2024
-- Bed
-- Bath
1,406 Sq Ft
9,801 Sq Ft Lot

Recently Sold

$64 Per Sq Ft

9% Below List Price

75 Days on Market

About This Home

As of October 2024

Seize this fantastic investment opportunity in the heart of Lansing! This duplex offers exceptional potential for steady cash flow and long-term appreciation. Tenants pay heat with two furnaces and water heaters. The main floor features a cozy one-bedroom, one-bath unit, currently occupied by a reliable long-term tenant, ensuring immediate income. The upstairs unit is a clean and inviting two-bedroom, one-bath space with newer countertops and a covered stairway entrance, ready for new tenants to move in. With ample parking and a prime location near downtown, this property provides both convenience and appeal to prospective renters. Don't miss out on this turnkey investment—your pathway to consistent cash flow and a promising future starts here!

Last Agent to Sell the Property

Rooted Real Esta Of Greater Lansing

RE/MAX Real Estate Professionals Listed on: 07/18/2024

RE/MAX Real Estate Professionals

Co-Listed By

Adriane Lau

RE/MAX Real Estate Professionals License #6502356510

Last Buyer's Agent

Marcel Gonzalez

Achieve Real Estate LLC License #6501454826

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 9,801 Sq Ft Lot
  • Lot Dimensions are 66x148.5

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 1,406 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Driveway
  • Off-Street Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Tax Year: 2023
  • Levels: Two
  • Year Built: 1905
  • Lot Size Acres: 0.23
  • Lot Size: 66x148.5
  • Co List Office Mls Id: 894
  • Co List Office Phone: 517-339-8255
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1406.0
  • General Property Info:Lot Size Dimensions: 66x148.5
  • General Property Info:Above Grade Finished Area: 1406.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Exterior:Vinyl Siding: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 3730.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: Duplex
  • General Property Info:_pound_ of Units: 2
  • Water Heater:Water Heater3: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Total Parking Spaces: 4.0
  • Parking Features: Driveway, Off Street
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • Parking Features:Off Street: Yes
  • General Property Info:Parking Total: 4

Utilities

  • Sewer: Public Sewer
  • Appliances: Water Heater
  • Cooling: None
  • LaundryFeatures: None
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 9801.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 14, 2025
Sold by
Gonzalez Marcel
Bought by
Mavenue Properties Llc
Current Estimated Value
$111,564

Purchase Details

Listed on
Jul 18, 2024
Closed on
Oct 17, 2024
Sold by
Walling Robert and Walling Sandra
Bought by
Gonzalez Marcel
Seller's Agent
Rooted Real Esta Of Greater Lansing
RE/MAX Real Estate Professionals
Buyer's Agent
Marcel Gonzalez
Achieve Real Estate LLC
List Price
$99,900
Sold Price
$90,500
Premium/Discount to List
-$9,400
-9.41%
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.08%
Original Mortgage
$67,875
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 14, 2019
Closed on
Mar 7, 2019
Sold by
Family Houses Llc
Bought by
Walling Robert and Walling Sandra
Seller's Agent
Patty McIvor
RE/MAX Hometown
Buyer's Agent
Matthew Hausner
Keller Williams Realty Lansing
List Price
$65,000
Sold Price
$62,000
Premium/Discount to List
-$3,000
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.96%

Purchase Details

Listed on
May 14, 2014
Closed on
Dec 17, 2014
Sold by
Xc & Lillys Apartments Llc
Bought by
Family Houses Llc
Seller's Agent
Belle Latimer
Century 21 Affiliated
Buyer's Agent
Patty McIvor
RE/MAX Hometown
List Price
$65,000
Sold Price
$45,000
Premium/Discount to List
-$20,000
-30.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.89%
Original Mortgage
$33,750
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 13, 2011
Sold by
U S Bank National Association
Bought by
Xc & Lillys Apartments Llc

Purchase Details

Closed on
Mar 9, 2011
Sold by
Klempnow Paul L J and Ely Linda L
Bought by
Us Bank National Association

Purchase Details

Closed on
Sep 23, 2010
Sold by
Jackson Carmede
Bought by
U S Bank National Association

Purchase Details

Closed on
Jan 28, 2004
Sold by
Hester Laurice
Bought by
Jackson Carmede

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,650
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 2, 2003
Sold by
Stokes James E and Stokes Wanda M
Bought by
Hester Laurice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,950
Interest Rate
9.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 1995
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $90,500 Ata National Title
Warranty Deed $90,500 Ata National Title
Warranty Deed $62,000 Ata National Title Group Llc
Warranty Deed $45,000 None Available
Corporate Deed $11,000 Fidelity National Title
Quit Claim Deed $300 None Available
Sheriffs Deed $126,723 None Available
Warranty Deed $87,000 --
Warranty Deed $67,000 Titlequest Ins Agency Inc
Warranty Deed $26,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $67,875 New Conventional
Previous Owner $33,750 Commercial
Previous Owner $82,650 Purchase Money Mortgage
Previous Owner $56,950 Purchase Money Mortgage
Closed $6,700 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/17/2024 10/17/24 Sold $90,500 +0.7% $64 / Sq Ft
08/21/2024 08/21/24 Pending -- -- --
08/08/2024 08/08/24 Price Changed $89,900 -10.0% $64 / Sq Ft
06/07/2024 06/07/24 For Sale $99,900 +61.1% $71 / Sq Ft
03/07/2019 03/07/19 Sold $62,000 -4.6% $44 / Sq Ft View Prior Sale
02/16/2019 02/16/19 Pending -- -- --
02/14/2019 02/14/19 For Sale $65,000 +44.4% $46 / Sq Ft
12/17/2014 12/17/14 Sold $45,000 -30.8% $32 / Sq Ft View Prior Sale
10/20/2014 10/20/14 Pending -- -- --
05/14/2014 05/14/14 For Sale $65,000 -- $46 / Sq Ft
Source: Greater Lansing Association of Realtors®

Tax History Compared to Growth

Source: Public Records

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 $3,850 $65,000 $7,900 $57,100
2024 $32 $61,900 $7,900 $54,000
2023 $3,622 $51,200 $7,900 $43,300
2022 $3,305 $46,400 $6,100 $40,300
2021 $3,228 $42,200 $8,800 $33,400
2020 $3,206 $39,900 $8,800 $31,100
2019 $2,589 $38,500 $8,800 $29,700
2018 $2,454 $34,700 $8,800 $25,900
2017 $2,362 $34,700 $8,800 $25,900
2016 $2,202 $31,900 $8,800 $23,100
2015 $2,202 $30,700 $17,673 $13,027
2014 $2,202 $29,300 $17,500 $11,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 281218

Greater Lansing Association of Realtors®

APN: 01-01-17-401-451