HUGE Opportunity to acquire a cash flowing 3 unit investment in the derirable East Side Neighborhood. Two 1 bedroom apartments are upstairs with a large 2 bedroom on the main floor. Separate gas meters and electric meters for each unit! Two tiled showers, hardwood in main floor unit, 2 car garage. Lots of potential to raise rents or leave as is and still get cash flow day one.
Charming multifamily property available. Two bedrooms/one bathroom per unit. Easy access to commercial areas. Attractive investment property! Occupied Reserve Auction – NO ACCESS OR VIEWINGS of this property. Please DO NOT DISTURB the occupant. "As is" sale with no contingencies or inspections. Buyer will be responsible for obtaining possession of the property upon closing.
Welcome to 4414 S Martin Luther King this 2-unit Property offers Main floor with a full kitchen, full bathroom and 3-4 bedrooms. There is a huge 2-3 car attached garage with the property. Huge backyard great for kids and pets. Lots of parking. Property has a new furnace, oversized water heater and new electric heat on the second floor apartment. Upstairs unit is also set up for a 2-unit rental
Collateral Analytics
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ICE
ICE Mortgage Technology
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First American
First American
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Quantarium
Quantarium
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Purchase History
Date
Buyer
Sale Price
Title Company
Katelyn Grace Hepner And Jeremiah Theodore He
--
--
Hepner Jeremiah
$98,000
Tri County Title Agency Llc
Wells Fargo Bank Na
$79,050
None Available
Grabowski Christen R
--
Midstate
Grabowski Christen R
--
Trans
Grabowski Christen R
$55,700
Midstate Title Company
Source: Public Records
Mortgage History
Date
Status
Borrower
Loan Amount
Previous Owner
Hepner Jeremiah
$78,400
Previous Owner
Grabowski Christen R
$97,750
Previous Owner
Grabowski Christen R
$75,600
Previous Owner
Grabowski Christen R
$49,000
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
10/20/202010/20/20
Sold
$98,000
-10.9%
$51 / Sq Ft
09/29/202009/29/20
Pending
--
--
--
07/09/202007/09/20
For Sale
$110,000
--
$57 / Sq Ft
Source: Greater Lansing Association of Realtors®
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 225 Shepard St, Lansing, MI 48912 since 12 August 2020 and is currently estimated at $134,597, approximately $70 per square foot. This property was built in 1919. 225 Shepard St is a home located in Ingham County with nearby schools including Pattengill Academy, Riddle Elementary School, and Eastern Lansing High School.
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