NOT LISTED FOR SALE

820 N Pennsylvania Ave Lansing, MI 48906

Northtown Neighborhood

Estimated Value: $175,000 - $237,815

-- Bed
1 Bath
3,312 Sq Ft
$65/Sq Ft Est. Value

Last Sold December 30, 2022

Last sale price $177,500 $54 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,386/month

39 Days on Market

Highlights

  • Building Security
  • Traditional Architecture
  • Forced Air Heating System
  • 0.38 Acre Lot
  • Front Porch
  • Wood Siding

About This Home

As of December 2022

The BEST opportunity to see this property! OPEN HOUSE: Friday, 12/9, 4-6pm.

Great cash flow opportunity for a mostly hands-off investment! This contract brings in an automatic $3,500 a month, that's $42,000 and has been renewed for 2023. It is due to request an increase in rent for renewal in 2024. The rent is paid whether the DOC has a person in a unit or not.

Last Agent to Sell the Property

Christopher Silker

Keller Williams Realty Lansing License #6506046369 Listed on: 12/05/2022

Keller Williams Realty Lansing

Last Buyer's Agent

Shron Nathan

Five Star Real Estate - Lansing License #6501419112

Five Star Real Estate - Lansing

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1870

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 58x288.75

Home Design

  • Traditional Architecture
  • Brick Foundation
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 3,312 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • Additional Parking

Outdoor Features

  • Front Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $42,000

Community Details

Building Details

  • Electric Expense $5,179
  • Insurance Expense $1,772
  • Maintenance Expense $3,285
  • New Taxes Expense $5,418
  • Net Operating Income $23,919

Additional Features

  • 4 Units
  • Building Security

Property Details

Home Type

Multi-Family

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Gross Rent: 42000.0
  • Less Fuel: 2427.0
  • Net Income: 23919.0
  • Tax Year: 2021
  • Registered Licenses for Unrelated Occupants: 1
  • Levels: Two
  • Year Built: 1870
  • Lot Size Acres: 0.38
  • Lot Size: 58x288.75
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 3312.0
  • Architectural Style: Traditional
  • General Property Info:Lot Size Dimensions: 58x288.75
  • General Property Info:Above Grade Finished Area: 3312.0
  • Levels:Two2: Yes
  • General Property Info:Spa2: No
  • General Property Info:Waterfront: No
  • Electric:_one_00 Amp Service: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • General Property Info:ECO Friendly Features: No
  • Exterior:Vinyl Siding: Yes
  • Exterior:Wood Siding: Yes
  • Flooring:Vinyl2: Yes
  • Architectural Style:Traditional: Yes
  • General Property Info:Pool Private2: No
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 5418.0
  • Tax Info:Zoning3: Multi-Family
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Apartment
  • General Property Info:_pound_ of Units: 4
  • Annual Inc Expense:Insurance4: 1772.0
  • Annual Inc Expense:Tax Expense2: 5418.0
  • Annual Inc Expense:Maintenance3: 3285.0
  • Foundation Details:BrickMortar: Yes
  • Security Features:Building Security: Yes
  • Annual Inc Expense:Electricity5: 5179.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Flooring: Vinyl
  • Property Type: Resid/Multi-Family
  • SpaFeatures: None
  • Private Spa: No
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: None
  • Foundation Details: Brick/Mortar
  • PoolFeatures: None
  • RoadFrontageType: City Street
  • RoadSurfaceType: Asphalt
  • Patio And Porch Features: Front Porch
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Siding
  • Patio Porch Features:Front Porch: Yes

Garage/Parking

  • Total Parking Spaces: 8.0
  • Parking Features: Additional Parking
  • Attached Garage: No
  • Parking Features:Additional Parking: 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: None
  • SecurityFeatures: Building Security, Smoke Detector(s)
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 16552.8
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 5179.0
  • Insurance Expense: 1772.0
  • Maintenance Expense: 3285.0
  • Property Net Operating Income: 23919.0

Tax Info

  • New Taxes Expense: 5418.0
  • Tax Carrier Route: 5377

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2022
Closed on
Dec 30, 2022
Sold by
820 Pennsylvania Llc
Bought by
Gt Feeney Re Holdings Llc
Seller's Agent
Christopher Silker
Keller Williams Realty Lansing
Buyer's Agent
Shron Nathan
Five Star Real Estate - Lansing
List Price
$175,000
Sold Price
$177,500
Premium/Discount to List
$2,500
1.43%
Views
37
Current Estimated Value
$214,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,454
Avg. Annual Appreciation
6.42%

Purchase Details

Listed on
Nov 8, 2018
Closed on
Dec 18, 2018
Sold by
Kiefstad Realty Llc
Bought by
820 Pennsylvania Llc
Seller's Agent
Stacee Robison
Keller Williams Realty Lansing
Buyer's Agent
Christopher Silker
Keller Williams Realty Lansing
List Price
$140,000
Sold Price
$135,000
Premium/Discount to List
-$5,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.01%
Original Mortgage
$105,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 2004
Sold by
Klefstad Clifford E and Klefstad Barbara C
Bought by
Klefstad Realty Llc
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 Buyer Sale Price Title Company
Gt Feeney Re Holdings Llc $177,500 --
820 Pennsylvania Llc $135,000 Liberty Title
Klefstad Realty Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 820 Pennsylvania Llc $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2022 12/30/22 Sold $177,500 +1.4% $54 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
12/05/2022 12/05/22 For Sale $175,000 0.0% $53 / Sq Ft
11/12/2022 11/12/22 Pending -- -- --
11/03/2022 11/03/22 For Sale $175,000 +29.6% $53 / Sq Ft
12/18/2018 12/18/18 Sold $135,000 -3.6% $41 / Sq Ft
11/08/2018 11/08/18 For Sale $140,000 -- $42 / Sq Ft
11/05/2018 11/05/18 Pending -- -- --
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 $8,157 $128,100 $8,600 $119,500
2024 $66 $105,900 $8,600 $97,300
2023 $7,682 $90,200 $8,600 $81,600
2022 $5,545 $82,000 $6,100 $75,900
2021 $5,418 $73,200 $8,200 $65,000
2020 $5,377 $66,400 $8,200 $58,200
2019 $7,815 $62,300 $8,200 $54,100
2018 $3,572 $58,100 $8,200 $49,900
2017 $3,431 $58,100 $8,200 $49,900
2016 $3,295 $57,100 $8,200 $48,900
2015 $3,295 $55,800 $16,424 $39,376
2014 $3,295 $55,300 $16,424 $38,876
Source: Public Records

Agents Affiliated with this Home

  • Christopher Silker

    Seller's Agent in 2022

    Christopher Silker

    Keller Williams Realty Lansing

    (517) 242-9251

    4 in this area

    289 Total Sales

    Christopher Silker
    Section Image
  • Shron Nathan

    Buyer's Agent in 2022

    Shron Nathan

    Five Star Real Estate - Lansing

    (517) 706-1181

    1 in this area

    90 Total Sales

    Shron Nathan
    Section Image
  • Stacee Robison

    Seller's Agent in 2018

    Stacee Robison

    Keller Williams Realty Lansing

    (517) 803-5165

    1 in this area

    224 Total Sales

    Stacee Robison
    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 269808

Greater Lansing Association of Realtors®

APN: 01-01-10-376-021

Michigan Ingham County Lansing 48906 Northtown

820 N Pennsylvania Ave, Lansing, MI

This home is located at 820 N Pennsylvania Ave, Lansing, MI 48906 since 05 December 2022 and is currently estimated at $214,954, approximately $64 per square foot. This property was built in 1870. 820 N Pennsylvania Ave is a home located in Ingham County with nearby schools including Pattengill Academy, Willow School, and Eastern Lansing High School.

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.

Greater Lansing Association of Realtors® 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.
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