NOT LISTED FOR SALE
24 Beds
12 Baths
7,360 Sq Ft
12 Acres

Last Sold October 09, 2024

Last sale price $707,500 $96 Per Sq Ft

37 Days on Market

Highlights

  • 12 Acre Lot
  • Baseboard Heating
  • Laundry Facilities
  • Balcony

About This Home

As of October 2024

This beautifully renovated property, updated in 2021, presents a fantastic investment opportunity. It features spacious balconies, 12 dedicated carport parking spaces, and an additional 12 visitor parking spots, ensuring both convenience and comfort. The location is ideal, close to parks, shopping, major freeways, and just five miles from Michigan State University. It’s also a short distance from Potter Park Zoo, Hawk Island Park, and the Michigan Princess Riverboat.

The building consists of 12 well-appointed two-bedroom units, each with room-sized air conditioners, modern ranges, and refrigerators. The lower level includes a community washroom. Don’t miss the chance to add this cash-flowing gem to your investment portfolio!

Last Agent to Sell the Property

Damian Hickman

EXP Realty Main License #6501363263 Listed on: 08/30/2024

EXP Realty Main

Last Buyer's Agent

Damian Hickman

EXP Realty Main License #6501363263 Listed on: 08/30/2024

EXP Realty Main

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 12 Acre Lot
  • Lot Dimensions are 130x235

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Built-Up Roof

Interior Spaces

  • 12 Full Bathrooms
  • 7,360 Sq Ft Home
  • 3-Story Property
  • Finished Basement

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Back Up Electric Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Water Heater
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 33010132101361

Community Details

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • 12 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 3 Story
  • Assessment: 1000.00
  • Year Built: 1968
  • State Equalized Value: 268500.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Amenities: Cable Available, Laundry Facility
  • Total Bathrooms: 12.00
  • Full Bathrooms: 12
  • Basement: Yes
  • Basement Type: Finished
  • Total Sq Ft: 7360

Exterior Features

  • Roof Material: Built-Up
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Porch Type: Balcony
  • Road Frontage Type: Paved, Pub. Sidewalk

Utilities

  • Heating Fuel: Electric
  • Cooling: Wall Unit(s)
  • Heating: Baseboard, Hot Water
  • Sewer: Public Sewer (Sewer-Sanitary), Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal), Water at Street
  • Laundry Facilities: Yes

Lot Info

  • Lot Size Area: 12.00
  • Lot Dimensions: 130x235
  • Parcel Number: 33010132101361
  • Zoning: Commercial, Multi-Family

Rental Info

  • Rent Includes: Water
  • Monthly Rental Income: 9600

Tax Info

  • Tax Amount Summer: 17946.0000
  • Tax Amount Winter: 2649.0000
  • Total Tax: 20595.0000
  • Taxable Value: 268170.0000

Multi Family

  • Gross Scheduled Income: 115200.00
  • Number Of Units Total: 12

MLS Schools

  • School District: Lansing

Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2024 10/09/24 Sold $707,500 -5.7% $96 / Sq Ft
10/07/2024 10/07/24 Pending -- -- --
09/08/2024 09/08/24 Price Changed $750,000 -10.7% $102 / Sq Ft
08/30/2024 08/30/24 For Sale $840,000 -- $114 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240064731

Realcomp