$156,000
SOLD NOV 15, 2024

2223 W Jolly Rd Lansing, MI 48911

4 Beds
2 Baths
1,385 Sq Ft
0.47 Acres

Recently Sold

$113 Per Sq Ft

2% Below List Price

28 Days on Market

Highlights

  • Deck
  • Porch
  • Garage
  • Balcony
  • Forced Air Heating System
  • Dogs and Cats Allowed

About This Home

As of November 2024

Incredible Investment Opportunity! This remarkable 2-unit property offers THREE STREAMS OF INCOME, including a garage rented to a handyman for $100! Fully licensed by the city of Lansing, both units are currently occupied by long-term tenants, each featuring 2 bedrooms and 1 full bath. All utilities are paid by tenants, ensuring a seamless management experience. Please respect tenant privacy—no showings until an offer is accepted and proof of funds is provided. All showings must be coordinated through the listing agent. Seize this chance to invest in a thriving property!

Last Agent to Sell the Property

Sarmad Erimya

Real Estate One-Troy License #6501439552 Listed on: 10/14/2024

Real Estate One-Troy

Last Buyer's Agent

Sarmad Erimya

Real Estate One-Troy License #6501439552 Listed on: 10/14/2024

Real Estate One-Troy

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930 | Remodeled in 2021

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 75.00 x 132.90

Parking

  • Garage

Home Design

  • Duplex
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,385 Sq Ft Home
  • 2-Story Property

Unfinished Basement

  • Walk-Up Access
  • Sump Pump

Outdoor Features

  • Balcony
  • Deck
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 33010506226123

Community Details

Overview

  • 2 Units
  • Maple Grove Farms No 2 Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1930 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1930
  • State Equalized Value: 54100.0000
  • Year Renovated: 2021
  • Foundation Features: Sump Pump
  • Pets Allowed: Cats OK, Dogs OK
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Walk-Up Access
  • Sq Ft Combined: 1385
  • Total Sq Ft: 1385
  • Sq Ft Total Bsmt: 561

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Poured
  • Porch Type: Balcony, Deck, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Garage

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Lansing

Lot Info

  • Lot Size Area: 0.47
  • Lot Dimensions: 75.00 x 132.90
  • Parcel Number: 33010506226123
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1925

Tax Info

  • Tax Amount Summer: 3390.0000
  • Tax Amount Winter: 774.0000
  • Total Tax: 4164.0000
  • Taxable Value: 53655.0000

Multi Family

  • Gross Scheduled Income: 23100.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Lansing

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2024
Closed on
Nov 15, 2024
Sold by
Bluemoon Investment Llc
Bought by
Sermak Daniel and Sermak Christine
Seller's Agent
Sarmad Erimya
Real Estate One-Troy
Buyer's Agent
Sarmad Erimya
Real Estate One-Troy
List Price
$159,999
Sold Price
$156,000
Premium/Discount to List
-$3,999
-2.5%
Views
14
Current Estimated Value
$159,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,149
Avg. Annual Appreciation
2.66%
Original Mortgage
$117,000
Outstanding Balance
$116,016
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$43,133

Purchase Details

Listed on
Jun 4, 2024
Closed on
Jun 4, 2024
Sold by
Erimya Savio and Erimya Sarmad
Bought by
Bluemoon Investment Llc
Seller's Agent
Frank Jajou
Real Estate One-Troy
Buyer's Agent
Frank Jajou
List Price
$150,000
Sold Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.11%
Original Mortgage
$112,500
Interest Rate
7.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 3, 2021
Closed on
Apr 20, 2021
Sold by
2 S Investments Llc
Bought by
Aaa Properties Inc
Seller's Agent
Angela Averill
Coldwell Banker Professionals-Delta
Buyer's Agent
Angela Averill
Century 21 Affiliated
List Price
$125,000
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.00%

Purchase Details

Closed on
Aug 14, 2000
Sold by
Markey Family Investments Llc
Bought by
Sulaki Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 16, 1999
Sold by
Pitcher Timothy L
Bought by
Pitcher Timothy L and Black Amber M
Source: Public Records

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Range of Values:

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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
Warranty Deed $156,000 None Listed On Document
Warranty Deed -- Liberty Title
Warranty Deed $156,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $150,000 None Listed On Document
Warranty Deed $125,000 None Available
Warranty Deed $125,000 None Listed On Document
Warranty Deed $5,500 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $117,000 New Conventional
Closed $117,000 New Conventional
Previous Owner $112,500 New Conventional
Previous Owner $5,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2024 11/15/24 Sold $156,000 -2.5% $113 / Sq Ft
11/11/2024 11/11/24 Pending -- -- --
10/14/2024 10/14/24 For Sale $159,999 +6.7% $116 / Sq Ft
06/05/2024 06/05/24 Sold $150,000 0.0% $108 / Sq Ft
06/04/2024 06/04/24 For Sale $150,000 +20.0% $108 / Sq Ft
06/02/2024 06/02/24 Pending -- -- --
04/19/2021 04/19/21 Sold $125,000 0.0% $90 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $125,000 -- $90 / Sq Ft
Source: Realcomp

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 $4,805 $83,100 $12,800 $70,300
2024 $39 $62,000 $12,800 $49,200
2023 $4,524 $54,100 $12,800 $41,300
2022 $4,133 $51,100 $8,200 $42,900
2021 $3,058 $45,700 $7,900 $37,800
2020 $3,111 $43,700 $7,900 $35,800
2019 $5,222 $41,300 $7,900 $33,400
2018 $2,781 $34,700 $7,900 $26,800
2017 $2,675 $34,700 $7,900 $26,800
2016 $4,827 $34,100 $7,900 $26,200
2015 $4,827 $33,600 $15,871 $17,729
2014 $4,827 $33,900 $25,791 $8,109
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240077167

Realcomp

APN: 01-05-06-226-123