NOT LISTED FOR SALE

Estimated Value: $112,000 - $159,000

Studio
-- Bath
1,956 Sq Ft
$68/Sq Ft Est. Value

Sale Details

Date Sold: January 2, 2025

Last sale price $100,000 $51 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $958 / mo

4 Days on Market

Highlights

  • Property is near public transit
  • High Speed Internet
  • Vinyl Flooring
  • Forced Air Heating System
  • Rectangular Lot
  • Back and Front Yard

About This Home

As of January 2025

Nestled in the vibrant heart of downtown Lansing, this 2-unit rental property presents an exceptional investment opportunity, especially for those with an eye for renovation and value-adding potential. Conveniently located near public transportation, this as-is sale is ideal for investors ready to unlock its full potential. The downstairs unit boasts 2 spacious bedrooms, 1 bathroom, a formal dining room, and a large eat-in kitchen perfect for gatherings. The upstairs unit features 2 bedrooms, including one with a walk-in closet, a full bathroom, an eat-in kitchen, and sleek new vinyl flooring throughout. Notably, a new roof was installed in 2022, adding peace of mind to your investment. Ready for finishing touches, this property invites you to create an appealing, income-generating space in a prime location.

Last Agent to Sell the Property

Jeff Burke

EXP Realty, LLC License #6506036048 Listed on: 11/13/2024

EXP Realty, LLC

Last Buyer's Agent

Ross Yednock

Century 21 Affiliated License #6501396907

Century 21 Affiliated

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1883

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132
  • Rectangular Lot
  • Few Trees
  • Back and Front Yard

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,956 Sq Ft Home
  • 2-Story Property
  • Michigan Basement
  • Fire and Smoke Detector
  • Laundry on lower level

Flooring

  • Linoleum
  • Vinyl

Parking

  • 8 Parking Spaces
  • Gravel Driveway

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1883

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Type: Resid/Multi-Family
  • Year Built: 1883
  • Above Grade Finished Sq Ft: 1956.0
  • General Property Info:Lot Size Dimensions: 66x132
  • General Property Info:Above Grade Finished Area: 1956.0
  • General Property Info:Spa2: No
  • General Property Info:Waterfront: No
  • General Property Info:Pool Private2: No
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:_pound_ of Units: 2
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan
  • Heating: Forced Air, Natural Gas
  • Flooring: Linoleum, Vinyl
  • Levels: Two
  • Private Spa: No
  • Basement:Michigan: Yes
  • Levels:Two2: Yes
  • Community Features:Curbs: Yes
  • Flooring:Vinyl2: Yes
  • Laundry Features:Lower Level: Yes
  • Flooring:Linoleum: Yes
  • Community Features:Street Lights: Yes

Exterior Features

  • Roof: Shingle
  • Lot Features: Back Yard, Few Trees, Front Yard, Near Public Transit, Rectangular Lot
  • RoadFrontageType: City Street
  • RoadSurfaceType: Concrete
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Lot Features:Back Yard2: Yes
  • Lot Features:Front Yard2: Yes
  • Lot Features:Near Public Transit: Yes
  • Roof:Shingle: Yes
  • Road Frontage Type:City Street: Yes
  • Exterior:Vinyl Siding: Yes
  • Lot Features:Few Trees: Yes
  • Lot Features:Rectangular Lot: Yes
  • Road Surface Type:Concrete4: Yes

Garage/Parking

  • Total Parking Spaces: 8.0
  • Parking Features: Driveway, Gravel
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:Driveway: Yes
  • Misc Business Info:_pound_ Parking: 8
  • General Property Info:Parking Total: 8

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater
  • Cooling: None
  • Electric: 100 Amp Service
  • LaundryFeatures: Lower Level
  • SecurityFeatures: Smoke Detector(s)
  • Utilities: High Speed Internet Connected, Cable Connected
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Sewer:Public Sewer: Yes
  • Security Features:Smoke Detector(s): Yes
  • Cooling:None8: Yes
  • Utilities:Cable Connected: Yes
  • Utilities:High Speed Internet Connected: Yes
  • Electric 100 Amp Service: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size: 66x132
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • Land Acreage:Up to 14 Acre: Yes

Multi Family

  • Unit Information License Register Exp: 2025-01-01
  • Number Of Units Total: 2

Tax Info

  • Tax Carrier Route: 5031
  • Tax Info:Taxable Value: 30287.0
  • Tax Info:State Eq Value: 67800.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2024
Closed on
Jan 2, 2025
Sold by
Bought by
Seller's Agent
Jeff Burke
EXP Realty, LLC
Buyer's Agent
Ross Yednock
Century 21 Affiliated
List Price
$79,900
Sold Price
$100,000
Premium/Discount to List
$20,100
25.16%
Views
11
Current Estimated Value
$132,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,693
Avg. Annual Appreciation
18.95%
Original Mortgage
$90,000
Outstanding Balance
$88,520
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$44,173

Purchase Details

Closed on
Nov 19, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$100,000 Transnation Title
$37,000 Transnation Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $90,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/02/2025 01/02/25 Sold $100,000 +25.2% $51 / Sq Ft
11/13/2024 11/13/24 For Sale $79,900 -- $41 / Sq Ft
Source: Greater Lansing Association of Realtors®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,776 $78,800 $5,900 $72,900
2025 $2,182 $74,600 $5,900 $68,700
2024 $21 $67,800 $5,900 $61,900
2023 $2,746 $59,600 $5,900 $53,700
2022 $2,516 $53,900 $6,600 $47,300
2021 $2,458 $47,800 $7,400 $40,400
2020 $2,440 $43,300 $7,400 $35,900
2019 $2,351 $41,600 $7,400 $34,200
2018 $2,235 $36,500 $7,400 $29,100
2017 $2,148 $36,500 $7,400 $29,100
2016 $2,063 $35,900 $7,400 $28,500
2015 $2,063 $34,800 $14,758 $20,042
2014 $2,063 $33,600 $18,250 $15,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 284854

Greater Lansing Association of Realtors®

APN: 01-01-09-329-081

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