Seller's Agent in 2023
Jamie Fox
Trubrook, LLC
(517) 231-1093
12 in this area
137 Total Sales
224 Crest St Lansing, MI 48910
Old Everett NeighborhoodEstimated Value: $151,000 - $179,018
--
Bed
--
Bath
1,172
Sq Ft
$146/Sq Ft
Est. Value
Highlights
- 0.37 Acre Lot
- Forced Air Heating System
- Back Yard Fenced
- Wood Flooring
- Laundry Facilities
About This Home
As of March 2023This triplex brings a great opportunity for investors that are looking for a turnkey property with proven income and different potential routes to move forward. With vacancies and nearly rent ready units on the main and upper levels, the buyer of 224 Crest has flexibility. For buyers that self-manage, a rental market that rewards properties that provide a premium rental experience leaves plenty of room to maximize returns. For buyers that want to stay hands off, the property is already managed by DS Huber Group, in Lansing. The management company is in the process of doing a few minor updates to each vacant unit before listing the main floor unit for rent at $875/month and the upper floor unit for rent at $775/month. The lower unit has a long term tenant that is currently rented on a month to month basis at $625/month. All utilities, including lawn and snow removal are paid by the landlord (roughly $375/month), which gives the buyer a potential for $1,900/month with the current rental track.
This property also has plenty of tangible features beyond the rental numbers that will ensure sustainable success moving forward. The property is complete with a 2 car garage that offers multiple tenants on-site covered parking. An enormous back yard provides another perk to any tenant that enjoys the outdoors and practically begs the creative buyer to add their own personal outdoor touch to give this space even more utility/add to the outdoor living experience. The list of convenient living features for potential tenants also includes a bus stop less than a block away and access to on site laundry in the basement common area. This property checks off the boxes for landlords and tenants alike.
All the mechanicals have approval stickers to show proper permits, and the property is certified as a rental property by the City of Lansing until 5/1/2023. The roof was replaced in 2019. No utilities are currently split. Schedule your showing to see this cashflow king before it is too late.
CASH SALE ONLY: Property is grandfathered in as legal nonconforming use as a triplex in an area that is now zoned single family residential. However, since the property cannot be rebuilt as a triplex if it burns down, financing has fallen through twice due to this zoning change.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1918
Lot Details
- 0.37 Acre Lot
- Lot Dimensions are 57x280
- Back Yard Fenced
Home Design
- Block Foundation
- Shingle Roof
- Aluminum Siding
- Vinyl Siding
Interior Spaces
- 1,172 Sq Ft Home
- Multi-Level Property
Flooring
- Wood
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
- Basement Window Egress
Parking
- 2 Car Garage
- Driveway
- On-Street Parking
Utilities
- No Cooling
- Forced Air Heating System
- 100 Amp Service
Community Details
- 3 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 2, 2023
Closed on
Mar 10, 2023
Sold by
Ellis Regal Llc
Bought by
Thunder Cats Llc
Seller's Agent
Jamie Fox
Trubrook, LLC
Buyer's Agent
E ZC
EXP Realty - Lansing
List Price
$109,900
Sold Price
$92,000
Premium/Discount to List
-$17,900
-16.29%
Total Days on Market
6
Views
95
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
$79,255
Avg. Annual Appreciation
33.33%
Purchase Details
Listed on
Feb 1, 2019
Closed on
Apr 11, 2019
Sold by
Akw Crest St Llc
Bought by
Ellis Regal Llc
Seller's Agent
Rachel Jones
Keller Williams Realty Lansing
Buyer's Agent
Non Member
Non Member Office
List Price
$74,900
Sold Price
$54,000
Premium/Discount to List
-$20,900
-27.9%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.56%
Purchase Details
Closed on
Mar 26, 2004
Sold by
Wilson Christopher J and Wilson Amy Kathleen
Bought by
Akw Crest St Llc
Purchase Details
Closed on
May 20, 2003
Sold by
Porter David T
Bought by
Wilson Christopher J and Wilson Amy K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,750
Interest Rate
5.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 26, 1999
Sold by
Manko Theodore B and Manko Joan G
Bought by
Porter David T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,765
Interest Rate
7.68%
Mortgage Type
FHA
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Thunder Cats Llc | $92,000 | Liberty Title | |
| Ellis Regal Llc | $54,000 | Transnation Title Agency | |
| Akw Crest St Llc | -- | -- | |
| Wilson Christopher J | $113,000 | Bell Title Company | |
| Porter David T | $76,805 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wilson Christopher J | $84,750 | |
| Previous Owner | Porter David T | $100,000 | |
| Previous Owner | Porter David T | $76,765 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/10/2025 02/10/25 | Off Market | $850 | -- | -- |
| 01/30/2025 01/30/25 | For Rent | -- | -- | -- |
| 10/08/2024 10/08/24 | Off Market | $850 | -- | -- |
| 06/01/2024 06/01/24 | For Rent | $850 | 0.0% | -- |
| 03/13/2023 03/13/23 | Sold | $92,000 | -16.3% | $78 / Sq Ft |
| 02/07/2023 02/07/23 | Pending | -- | -- | -- |
| 02/01/2023 02/01/23 | For Sale | $109,900 | +103.5% | $94 / Sq Ft |
| 04/11/2019 04/11/19 | Sold | $54,000 | -20.0% | $46 / Sq Ft |
| 03/08/2019 03/08/19 | Pending | -- | -- | -- |
| 02/15/2019 02/15/19 | Price Changed | $67,500 | -9.9% | $58 / Sq Ft |
| 01/30/2019 01/30/19 | For Sale | $74,900 | -- | $64 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $45 | $64,100 | $7,400 | $56,700 |
| 2023 | $3,927 | $53,800 | $7,400 | $46,400 |
| 2022 | $3,599 | $50,200 | $8,600 | $41,600 |
| 2021 | $3,516 | $44,700 | $5,500 | $39,200 |
| 2020 | $3,490 | $40,600 | $5,500 | $35,100 |
| 2019 | $5,125 | $38,000 | $5,500 | $32,500 |
| 2018 | $4,970 | $38,300 | $5,500 | $32,800 |
| 2017 | $2,891 | $38,300 | $5,500 | $32,800 |
| 2016 | $2,816 | $36,500 | $5,500 | $31,000 |
| 2015 | $2,816 | $35,200 | $10,903 | $24,297 |
| 2014 | $2,816 | $35,200 | $7,398 | $27,802 |
Source: Public Records
Agents Affiliated with this Home
-
Jamie Fox
-
E ZC
Buyer's Agent in 2023
E ZC
EXP Realty - Lansing
(517) 614-2438
3 in this area
31 Total Sales
-
E
Buyer's Agent in 2023
Eugenia Zacks-Carney
Keller Williams Realty Lansing
-
R
Seller's Agent in 2019
Rachel Jones
Keller Williams Realty Lansing
-
N
Buyer's Agent in 2019
Non Member
Non Member Office
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 271093
APN: 01-01-28-454-271
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Copyright © 2025 Greater Lansing Association of REALTORS®
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