A
Seller's Agent in 2020
Alex Craig
Achieve Real Estate LLC
(734) 752-2496
7 Total Sales
330 N Dibble Ave Lansing, MI 48917
Estimated Value: $231,000 - $252,399
2
Beds
2
Baths
1,832
Sq Ft
$130/Sq Ft
Est. Value
Highlights
- Covered Patio or Porch
- Heating Available
- 4-minute walk to Michigan Avenue Park
- 4 Car Attached Garage
About This Home
As of October 2020A great opportunity for the real estate investor who is looking for a property with the potential for a high cap rate, a healthy net operating income, great tenants who pay on time, and to avoid all of the ''typical problems'' that plague the average real estate investor. This recently-updated, cash-flowing duplex located in Delta Township may be just the opportunity you have been looking for. Each unit is a two-bedroom 1.5 bath unit. One side is complete with a finished basement and the other has a full basement but is unfinished. Both units are pretty much mirror images of each other with a half bath, living room, and kitchen on the first floor. Two bedrooms and a full bathroom on the second floor. Monthly, this unit generates an income of $2,050; extrapolated over a year, that's $24,600. With minimal repair expenses,
this unit has the potential to produce a double-digit cap rate. That's hard to come by in this post-pandemic environment.
Even if you financed this property to reach a higher return on equity, you still have the opportunity to produce a healthy
cap rate.
Last Agent to Sell the Property
Achieve Real Estate LLC License #6501406835 Listed on: 09/23/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1979
Lot Details
- 19,602 Sq Ft Lot
- Lot Dimensions are 99x200
Parking
- 4 Car Attached Garage
Home Design
- Shingle Roof
Interior Spaces
- 1,832 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Outdoor Features
- Covered Patio or Porch
Utilities
- Heating Available
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $24,600
Community Details
Overview
- 2 Units
- Parkview Acres Subdivision
Building Details
- New Taxes Expense $3,543
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
Sep 23, 2020
Closed on
Oct 30, 2020
Sold by
Bought by
Seller's Agent
Alex Craig
Achieve Real Estate LLC
Buyer's Agent
Kathryn Gingery
Century 21 Affiliated
List Price
$174,000
Sold Price
$176,500
Premium/Discount to List
$2,500
1.44%
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
$62,350
Avg. Annual Appreciation
5.46%
Original Mortgage
$132,375
Outstanding Balance
$115,351
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$123,499
Purchase Details
Listed on
Jan 30, 2015
Closed on
Jan 26, 2015
Sold by
Bought by
Seller's Agent
Mike Parsley
Coldwell Banker Professionals-Delta
Buyer's Agent
Erin Klinger
RE/MAX Real Estate Professionals
List Price
$104,900
Sold Price
$80,000
Premium/Discount to List
-$24,900
-23.74%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.73%
Purchase Details
Closed on
Apr 18, 2013
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $176,500 | Liberty Title | ||
| $80,000 | None Available | ||
| $118,306 | None Available |
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 | $132,375 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 10/30/2020 10/30/20 | Sold | $176,500 | +1.4% | $96 / Sq Ft | |
| 09/22/2020 09/22/20 | For Sale | $174,000 | +117.5% | $95 / Sq Ft | |
| 01/29/2015 01/29/15 | Sold | $80,000 | -23.7% | $44 / Sq Ft | View Prior Sale |
| 01/29/2015 01/29/15 | Pending | -- | -- | -- | |
| 01/29/2015 01/29/15 | For Sale | $104,900 | -- | $57 / 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 | $5,554 | $110,400 | $0 | $0 |
| 2025 | $2,801 | $105,500 | $0 | $0 |
| 2024 | $2,718 | $93,800 | $0 | $0 |
| 2023 | $2,589 | $87,700 | $0 | $0 |
| 2022 | $4,210 | $80,000 | $0 | $0 |
| 2021 | $4,040 | $69,700 | $0 | $0 |
| 2020 | $3,611 | $62,400 | $0 | $0 |
| 2019 | $3,486 | $133,838 | $0 | $0 |
| 2018 | $3,015 | $58,600 | $0 | $0 |
| 2017 | $2,953 | $58,600 | $0 | $0 |
| 2016 | -- | $56,700 | $0 | $0 |
| 2015 | -- | $56,700 | $0 | $0 |
| 2014 | -- | $54,400 | $0 | $0 |
| 2013 | -- | $55,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Alex Craig
-
Kathryn Gingery
Buyer's Agent in 2020
Kathryn Gingery
Century 21 Affiliated
(313) 410-0196
109 Total Sales
-
M
Seller's Agent in 2015
Mike Parsley
Coldwell Banker Professionals-Delta
-
Erin Klinger
Buyer's Agent in 2015
Erin Klinger
RE/MAX Michigan
(517) 706-2567
32 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 250001
APN: 040-069-000-261-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for Consumers'
personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright © 2026 Greater Lansing Association of REALTORS®
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