Seller's Agent in 2025
Amber Redman
Five Star Real Estate - Lansing
(517) 881-6658
1 in this area
83 Total Sales
220 Smith Ave Lansing, MI 48910
Moores Park Neighborhood
--
Bed
--
Bath
3,027
Sq Ft
9,148
Sq Ft Lot
About This Home
As of April 2025PHENOMENAL INVESTMENT OPPORTUNITY! Calling all Lansing area new or seasoned investors - 4X's the Income - This one is not to miss! This sought-after 4-unit provides GREAT IMMEDIATE INCOME. Rents total approximately $3,705 per month currently with potential room for growth.
Approximately 30K in updates in 2023 including windows, flooring, and roof. PHENOMENAL INVESTMENT OPPORTUNITY! All units are rented and all are ready to go! COL Certified, plus Section 8 Approved. All units have individual furnaces. Convienently located new highways, public transport, Downtown Lansing, and not far from MSU Campus & Sparrow. This property is part of a multi-unit portfolio with diverse income potential. ALL PROPERTY RENTS CURRENTLY TOTAL $10,043/MO * 220 Smith: 4 UNIT- 3; 2; 1& 1BR * 131 S Hosmer: 3 UNIT- 2; 1 & 1BR * 1219 N Washington: 3 UNIT- 1; 1BR & Studio * 1223 N Washington: 2 UNIT- 2 & 1BR. Properties can be sold individually or as a full portfolio. ALL units are already rented. Please allow at least 24 hours to schedule showings due to tenant's notice.
Financials available upon request.
Last Agent to Sell the Property
Five Star Real Estate - Lansing License #6501405038 Listed on: 12/27/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1912
Lot Details
- 9,148 Sq Ft Lot
Parking
- 8 Car Garage
- Driveway
- Off-Street Parking
Home Design
- Vinyl Siding
Interior Spaces
- 3,027 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
- 4 Units
- Park Place Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 27, 2024
Closed on
Apr 25, 2025
Sold by
For The 5 Llc
Bought by
Navoda Llc
Seller's Agent
Amber Redman
Five Star Real Estate - Lansing
List Price
$255,000
Sold Price
$235,500
Premium/Discount to List
-$19,500
-7.65%
Views
69
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
$6,723
Avg. Annual Appreciation
3.77%
Original Mortgage
$188,400
Outstanding Balance
$187,398
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$54,825
Purchase Details
Listed on
Nov 15, 2022
Closed on
Mar 23, 2023
Sold by
Jere Owen Llc
Bought by
5 Llc
Seller's Agent
Gary Naeyaert
EXIT Realty Home Partners
Buyer's Agent
Non Member
Non Member Office
List Price
$200,000
Sold Price
$195,000
Premium/Discount to List
-$5,000
-2.5%
Views
90
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.45%
Purchase Details
Closed on
Aug 18, 2009
Sold by
Walz Jo Anne J
Bought by
Jere Owen Llc
Purchase Details
Closed on
Sep 18, 2008
Sold by
Waite James C and Schlattman Walte
Bought by
Walz Jo Anne J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 4, 2005
Sold by
Badalyan Nikolay and Minasyan Karina
Bought by
Schlattman Jeffery C and Waite James C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
7.62%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Apr 4, 2003
Sold by
Hough Harold E and Hough Irma S
Bought by
Badalyan Nickolay
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $235,500 | Star Title | |
| Warranty Deed | $195,000 | Diversified National Title | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $125,000 | Tri County Title Agency Llc | |
| Warranty Deed | $110,000 | Fatic | |
| Warranty Deed | $76,000 | Fatic |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $188,400 | New Conventional | |
| Previous Owner | $93,750 | Purchase Money Mortgage | |
| Previous Owner | $88,000 | Fannie Mae Freddie Mac | |
| Closed | $16,500 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/25/2025 04/25/25 | Sold | $235,500 | -3.9% | $78 / Sq Ft | |
| 03/03/2025 03/03/25 | Pending | -- | -- | -- | |
| 02/03/2025 02/03/25 | Price Changed | $245,000 | -3.9% | $81 / Sq Ft | |
| 12/27/2024 12/27/24 | For Sale | $255,000 | +30.8% | $84 / Sq Ft | |
| 03/23/2023 03/23/23 | Sold | $195,000 | -2.5% | $64 / Sq Ft | View Prior Sale |
| 11/22/2022 11/22/22 | Pending | -- | -- | -- | |
| 11/15/2022 11/15/22 | For Sale | $200,000 | -- | $66 / Sq Ft |
Source: Greater Lansing Association of Realtors®
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 | $6,879 | $76,900 | $3,900 | $73,000 |
| 2024 | $55 | $78,900 | $3,900 | $75,000 |
| 2023 | $4,356 | $68,400 | $3,900 | $64,500 |
| 2022 | $3,997 | $62,200 | $5,500 | $56,700 |
| 2021 | $3,906 | $53,800 | $3,900 | $49,900 |
| 2020 | $3,876 | $52,100 | $3,900 | $48,200 |
| 2019 | $3,729 | $47,100 | $3,900 | $43,200 |
| 2018 | $3,550 | $43,600 | $3,900 | $39,700 |
| 2017 | $3,410 | $43,600 | $3,900 | $39,700 |
| 2016 | $3,356 | $42,800 | $3,900 | $38,900 |
| 2015 | $3,356 | $40,900 | $7,887 | $33,013 |
| 2014 | $3,356 | $41,400 | $4,458 | $36,942 |
Source: Public Records
Agents Affiliated with this Home
-
Amber Redman
-
Gary Naeyaert
Seller's Agent in 2023
Gary Naeyaert
EXIT Realty Home Partners
(517) 281-2690
5 in this area
165 Total Sales
-
N
Buyer's Agent in 2023
Non Member
Non Member Office
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 285480
APN: 01-01-21-380-052
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Copyright © 2026 Greater Lansing Association of REALTORS®
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