NOT LISTED FOR SALE

Estimated Value: $373,000 - $431,000

Studio
2 Baths
-- Sq Ft
0.42 Acre Lot

Sale Details

Date Sold: May 30, 2024

Last sale price $314,000

Est. 24% increase in value since last sale

Current estimated payment $2,537 / mo

8 Days on Market

Highlights

  • Corner Lot: Yes
  • Laundry Room
  • 8 Car Garage
  • Marshall High School Rated 9+
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of May 2024

ATTENTION INVESTORS! Apartment building in a prime location boasts 4 units fully occupied. This lucrative investment opportunity features modern updates and reliable tenants. With a desirable mix of (2) 2 bedroom & 1.5 bath units and (2) 1 bedroom & 1 bath units, this property offers versatility & steady rental income. Situated on 3 spacious lots (probably room to add on) a 3-car garage, parking for 8 cars and a laundry facility. Convenience for everyone! Leases & financials are available upon request. Priced to sell at $337,900

Last Agent to Sell the Property

Carole Shapiro

Berkshire Hathaway HomeServices Michigan Real Estate License #6506033200 Listed on: 04/30/2024

Last Buyer's Agent

John Hagerty, Jr.

Five Star Real Estate - Lansing License #6501359884

Five Star Real Estate - Lansing

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 18,295 Sq Ft Lot
  • Lot Dimensions are 252x67.83
  • Corner Lot: Yes
  • Level Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Shingle Siding

Laundry

  • Laundry Room
  • Laundry on main level

Parking

  • 8 Car Garage
  • Driveway

Location

  • Mineral Rights Excluded

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for trash collection, water, sewer

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0.42 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 87.77
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 252x67.83
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Water: Yes
  • Lot Description:Corner Lot: Yes
  • Substructure:Slab: Yes
  • Mineral Rights:No: Yes
  • Extras:Laundry Facility: Yes
  • Extras:Sep Gas Meter: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Tax Info:Seller_squote_s Annual Property Tax2: 9077.04
  • Util Avail at Street:High Speed Internet: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab
  • Basement: No

Exterior Features

  • Construction Materials: Shingle Siding
  • List Price: 337900.0
  • Lot Features: Level, Sidewalk, Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Shingle Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway, Paved
  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0
  • Extras:Garages: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Laundry Room, Main Level
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer

Lot Info

  • Lot Size Acres: 0.42
  • Lot Size Area: 0.42
  • Lot Dimensions: 252x67.83
  • Lot Size Sq Ft: 18295.0

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 9077.04
  • Tax Year: 2024

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2024
Closed on
May 30, 2024
Sold by
Bought by
Seller's Agent
Carole Shapiro
Berkshire Hathaway HomeServices Michigan Real Estate
Buyer's Agent
John Hagerty, Jr.
Five Star Real Estate - Lansing
List Price
$337,900
Sold Price
$314,000
Premium/Discount to List
-$23,900
-7.07%
Views
3
Current Estimated Value
$390,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,797
Avg. Annual Appreciation
10.61%
Original Mortgage
$235,500
Outstanding Balance
$230,530
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$160,267

Purchase Details

Closed on
Aug 6, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 10, 2010
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$314,000 Ata National Title Group
$270,000 None Available
$40,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $235,500
Previous Owner $240,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/30/2024 05/30/24 Sold $314,000 -7.1% --
04/30/2024 04/30/24 Pending -- -- --
04/30/2024 04/30/24 For Sale $337,900 0.0% --
04/25/2024 04/25/24 Pending -- -- --
04/22/2024 04/22/24 For Sale $337,900 -- --
Source: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $13,819 $206,600 $0 $0
2025 $9,611 $189,700 $0 $0
2024 $2,547 $167,400 $0 $0
2023 $8,653 $148,300 $0 $0
2022 $6,282 $141,800 $0 $0
2021 $8,399 $127,100 $0 $0
2020 $8,034 $121,300 $0 $0
2019 $0 $110,900 $0 $0
2018 $0 $110,000 $20,400 $89,600
2017 $0 $106,700 $0 $0
2016 $0 $101,200 $0 $0
2015 -- $108,500 $0 $0
2014 -- $103,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 24019107

MichRIC

APN: 53-002-253-01

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