$111,100
SOLD APR 18, 2025
-- Bed
-- Bath
1,710 Sq Ft
10,149 Sq Ft Lot

Recently Sold

$65 Per Sq Ft

15% Below List Price

106 Days on Market

Highlights

  • Cape Cod Architecture
  • Double Pane Windows
  • High Speed Internet
  • Covered Patio or Porch
  • Multiple cooling system units
  • Carpet

About This Home

As of April 2025

Motivated Seller, bring a reasonable offer :) Great investment property with tons of updates! Unit 1 has a new full bath, unit 2 has been fully updated with fresh paint, new flooring, brand new kitchen and bathroom. All units have split electricity, due to tenant issues all electic is billed back to tenants. Landlord only covers gas, water, trash, and lawn/snow. New vinyl siding and several new windows. The crawl space has been sealed, and foamed. Longterm tenants with excellent rent payment history. Seller is a licensed agent in the State of Michigan.

Last Agent to Sell the Property

Christopher Silker

Keller Williams Realty Lansing License #6506046369 Listed on: 03/03/2025

Keller Williams Realty Lansing

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 10,149 Sq Ft Lot
  • Lot Dimensions are 57.5 x 176.25
  • Flag Lot
  • Cleared Lot
  • Back and Front Yard

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,710 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Crawl Space
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Laminate

Parking

  • 3 Parking Spaces
  • No Garage
  • Common or Shared Parking
  • Gravel Driveway

Utilities

  • Multiple cooling system units
  • Heat Pump System
  • 100 Amp Service
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • City Lot

Listing and Financial Details

  • Total Actual Rent $24,600

Community Details

Overview

  • 3 Units
  • Maple Grove Farms Subdivision

Building Details

  • Insurance Expense $1,000
  • Maintenance Expense $1,200
  • Other Expense $720
  • Water Sewer Expense $782
  • New Taxes Expense $3,142
  • Operating Expense $4,644
  • Net Operating Income $18,956

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Gross Rent: 24600.0
  • Miscellaneous: 720.0
  • Net Income: 18956.0
  • Total Expense: 4644.0
  • Water Sewer Expenses: 782.0
  • Misc Business Info Parking Surface: gravel
  • Misc Business Info Roof Type: Shingle
  • Tax Year: 2023
  • Registered Licenses for Unrelated Occupants: 1
  • Misc Business Info Overall Building Siz: 1710
  • Unit Information License Register Exp: 2025-12-01
  • Levels: Two
  • Year Built: 1920
  • Lot Size Acres: 0.23
  • Lot Size: 57.5 x 176.25
  • Subdivision Name: Maple Grove Farms
  • Above Grade Finished Sq Ft: 1710.0
  • Architectural Style: Cape Cod
  • General Property Info:Lot Size Dimensions: 57.5 x 176.25
  • General Property Info:Above Grade Finished Area: 1710.0
  • Levels:Two2: Yes
  • General Property Info:Spa2: No
  • General Property Info:Waterfront: No
  • Flooring:Carpet: Yes
  • Flooring:Laminate: Yes
  • Foundation Details:Block4: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities:High Speed Internet Available: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Architectural Style:Cape Cod: Yes
  • Exterior:Vinyl Siding: Yes
  • General Property Info:Pool Private2: No
  • Tax Info:Taxes2: 3142.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • Cooling:Heat Pump2: Yes
  • General Property Info:Building 1 Description: 3 unit
  • General Property Info:_pound_ of Units: 3
  • Annual Inc Expense:Insurance4: 1000.0
  • Annual Inc Expense:Tax Expense2: 3142.0
  • Annual Inc Expense:Maintenance3: 1200.0
  • Cooling:Multi Units: Yes
  • Misc Business Info Zoning5: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Heating: Heat Pump
  • Flooring: Carpet, Combination, Laminate
  • Property Type: Resid/Multi-Family
  • SpaFeatures: None
  • Window Features: Double Pane Windows
  • Private Spa: No
  • ResoLivingAreaSource: Assessor
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Disclosures: Lead Based Paint, Sellers Disclosures
  • Fencing: None
  • Foundation Details: Block
  • Lot Features: Back Yard, City Lot, Cleared, Flag Lot, Front Yard
  • PoolFeatures: None
  • RoadFrontageType: City Street
  • RoadSurfaceType: Asphalt
  • Patio And Porch Features: Covered, Front Porch
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Lot Features:Back Yard2: Yes
  • Lot Features:City Lot: Yes
  • Lot Features:Front Yard2: Yes
  • Patio Porch Features:Covered: Yes
  • Patio Porch Features:Front Porch: Yes
  • Window Features:Double Pane Windows: Yes
  • Lot Features:Cleared: Yes
  • Lot Features:Flag Lot: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • Parking Features: Common, Driveway, Gravel, No Garage
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:No Garage: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Common: Yes
  • Misc Business Info:_pound_ Parking: 3
  • General Property Info:Parking Total: 3

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater
  • Cooling: Heat Pump, Multi Units
  • Electric: 100 Amp Service
  • LaundryFeatures: None
  • SecurityFeatures: Smoke Detector(s)
  • Utilities: High Speed Internet Available, Cable Available
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Heat Pump: Yes

Fee Information

  • Annual Water Sewer Expense: 782.0

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 10149.48
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 3
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 18956.0

Tax Info

  • New Taxes Expense: 3142.0
  • Tax Carrier Route: 3400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2025
Closed on
Apr 18, 2025
Sold by
Silker Christopher
Bought by
Vertex Ventures Llc
Seller's Agent
Christopher Silker
Keller Williams Realty Lansing
List Price
$130,000
Sold Price
$111,100
Premium/Discount to List
-$18,900
-14.54%
Views
66
Current Estimated Value
$115,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,707
Avg. Annual Appreciation
9.66%
Original Mortgage
$88,800
Outstanding Balance
$88,487
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$27,320

Purchase Details

Closed on
Dec 2, 2020
Sold by
Silkes Christopher
Bought by
Csre Llc

Purchase Details

Listed on
Mar 26, 2018
Closed on
Dec 28, 2018
Sold by
Kjolhede Theodore B and Kjolhede Patricia R
Bought by
Silker Christopher S
Seller's Agent
Lisa VanderMeer
Coldwell Banker Professionals-E.L.
Buyer's Agent
Christopher Silker
Keller Williams Realty Lansing
List Price
$65,000
Sold Price
$58,000
Premium/Discount to List
-$7,000
-10.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.77%
Original Mortgage
$43,125
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2003
Sold by
Zaldivar Orlando and Zaldivar Dolly Noemi
Bought by
Kjolhede Theodore B and Kjolhede Patricia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,600
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $111,100 Transnation Title
Quit Claim Deed -- None Available
Warranty Deed $57,500 Tri County Title Agency Llc
Warranty Deed $27,000 Toleno Title Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $43,125 New Conventional
Previous Owner $61,600 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2025 04/18/25 Sold $111,100 -14.5% $65 / Sq Ft
03/28/2025 03/28/25 Pending -- -- --
03/03/2025 03/03/25 For Sale $130,000 0.0% $76 / Sq Ft
02/20/2025 02/20/25 Pending -- -- --
01/15/2025 01/15/25 Price Changed $130,000 -13.3% $76 / Sq Ft
12/12/2024 12/12/24 For Sale $150,000 +158.6% $88 / Sq Ft
12/28/2018 12/28/18 Sold $58,000 -1.7% $34 / Sq Ft
12/04/2018 12/04/18 Pending -- -- --
09/19/2018 09/19/18 Price Changed $59,000 -3.3% $35 / Sq Ft
07/11/2018 07/11/18 Price Changed $61,000 -3.2% $36 / Sq Ft
05/31/2018 05/31/18 Price Changed $63,000 -3.1% $37 / Sq Ft
03/26/2018 03/26/18 For Sale $65,000 -- $38 / Sq Ft
Source: Greater Lansing Association of Realtors®

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 $3,330 $68,500 $7,800 $60,700
2024 $26 $50,200 $7,800 $42,400
2023 $3,142 $42,900 $7,800 $35,100
2022 $2,884 $41,400 $5,000 $36,400
2021 $2,421 $32,700 $4,800 $27,900
2020 $2,404 $31,300 $4,800 $26,500
2019 $2,250 $29,000 $4,800 $24,200
2018 $1,658 $21,300 $4,800 $16,500
2017 $2,120 $21,300 $4,800 $16,500
2016 $1,555 $21,000 $4,800 $16,200
2015 $1,555 $20,300 $9,656 $10,644
2014 $1,555 $20,300 $15,691 $4,609
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 285324

Greater Lansing Association of Realtors®

APN: 01-05-06-226-191