NOT LISTED FOR SALE

Estimated Value: $217,000 - $274,158

-- Bed
-- Bath
4,066 Sq Ft
$59/Sq Ft Est. Value

Last Sold March 21, 2024

Last sale price $285,000 $70 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $1,543/month

8 Days on Market

About This Home

As of March 2024

We are in receipt of multiple offers! Highest and best due on Saturday 2/17/2024 at 3PM.


One vacant unit for easy showing. Will show other 3 units with accepted offer. Fantastic investment opportunity! This 4-unit rental property boasts four 2-bed, 1-bath units, ensuring steady cash flow. Two units are fully renovated with new carpet, vinyl floors, paint, butcher block counters, and tile backsplash. One unit is vacant for easy showings. Each unit has separate utilities, with tenants responsible for all. Rental certification valid until January 2027. Conveniently located near the hospital and the vibrant east side neighborhood. Don't miss out on this turnkey investment in a prime location! Seller selling off portfolio in the area.

Last Agent to Sell the Property

David Hall

Achieve Real Estate LLC License #6502433100 Listed on: 02/12/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,925

Year Built

  • Built in 1904

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 66x62

Home Design

  • Aluminum Siding

Interior Spaces

  • 4,066 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 2 Parking Spaces
  • Driveway
  • On-Street Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters

Community Details

  • 4 Units
  • Green Oak Subdivision

Listing and Financial Details

  • Total Actual Rent $3,058

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,925

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Gross Rent: 3058.0
  • Tax Year: 2022
  • Levels: Two
  • Year Built: 1904
  • Lot Size Acres: 0.09
  • Lot Size: 66x62
  • Subdivision Name: Green Oak
  • Above Grade Finished Sq Ft: 4066.0
  • General Property Info:Lot Size Dimensions: 66x62
  • General Property Info:Above Grade Finished Area: 4066.0
  • Exterior:Aluminum Siding: Yes
  • Levels:Two2: Yes
  • Laundry Features:In Basement: Yes
  • Flooring:Carpet: Yes
  • Sewer:Public Sewer: Yes
  • Flooring:Vinyl2: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 5925.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: 4 Unit
  • General Property Info:_pound_ of Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas, Separate Meters
  • Flooring: Carpet, Vinyl, Other
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes

Exterior Features

  • Construction Type: Aluminum Siding

Garage/Parking

  • Total Parking Spaces: 2.0
  • Parking Features: Driveway, On Street
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • Parking Features:On Street: Yes
  • General Property Info:Parking Total: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • LaundryFeatures: In Basement
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Separate Meters: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 3920.4
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Carrier Route: 1426

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2024
Closed on
Mar 21, 2024
Sold by
Trinity Enterprise Llc
Bought by
Xpress Homes Inc
Seller's Agent
David Hall
Achieve Real Estate LLC
List Price
$275,000
Sold Price
$285,000
Premium/Discount to List
$10,000
3.64%
Views
58
Current Estimated Value
$239,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$45,710
Avg. Annual Appreciation
-3.55%
Original Mortgage
$391,850
Outstanding Balance
$387,792
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
-$117,141

Purchase Details

Closed on
Sep 5, 2023
Sold by
Okray Joseph
Bought by
Trinity Enterprice Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,500
Interest Rate
6.81%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 17, 2020
Sold by
Beardsley Woodward and Throop Matthew
Bought by
Okray Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,632
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2018
Sold by
Rose Property Management Llc
Bought by
Beardsley Woodward and Beardsleythroop Mathew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 3, 2012
Sold by
First United Financial Limited Partnersh
Bought by
Rose Property Management Llc

Purchase Details

Closed on
May 1, 2011
Sold by
First National Development Company
Bought by
First United Financial Limited Partnersh

Purchase Details

Closed on
Nov 12, 2009
Sold by
Bac Home Loans Servicing Lp
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 15, 2009
Sold by
Fernandez Rodney T and Kort Daniel R
Bought by
Bac Home Loans Servicing Lp

Purchase Details

Closed on
Aug 15, 2002
Sold by
Edwards Quinton P
Bought by
The Bank Of New York

Purchase Details

Closed on
Jan 14, 1999
Sold by
Tenner Robert L and Tenner Frieda V
Bought by
Edwards Quintin P and Edwards Quinton Pope

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
13.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 1994
Sold by
Tenner Robert L and Tenner Frieda
Bought by
Edwards Quintin P
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
Xpress Homes Inc $285,000 None Listed On Document
Trinity Enterprice Llc $191,000 None Listed On Document
Okray Joseph $158,177 None Available
Beardsley Woodward $135,000 None Available
Rose Property Management Llc -- None Available
First United Financial Limited Partnersh -- None Available
Federal National Mortgage Association -- None Available
Bac Home Loans Servicing Lp $146,801 None Available
The Bank Of New York $94,002 --
Edwards Quintin P $100,000 --
Edwards Quintin P $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xpress Homes Inc $391,850
Previous Owner Trinity Enterprice Llc $167,500
Previous Owner Okray Joseph $118,632
Previous Owner Beardsley Woodward $108,000
Previous Owner First United Financial Limited Partnersh $725,000
Previous Owner Fernandez Rodney T $142,500
Previous Owner Fernandez Rodney T $80,665
Previous Owner Edwards Quinton P $148,750
Previous Owner Edwards Quintin P $128,000
Previous Owner Edwards Quintin P $128,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2024 03/21/24 Sold $285,000 +3.6% $70 / Sq Ft
02/20/2024 02/20/24 Pending -- -- --
02/12/2024 02/12/24 For Sale $275,000 -- $68 / 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 $9,563 $142,600 $4,300 $138,300
2024 $78 $112,100 $4,300 $107,800
2023 $6,475 $90,100 $4,300 $85,800
2022 $5,925 $79,100 $3,600 $75,500
2021 $5,789 $69,200 $4,300 $64,900
2020 $5,109 $61,700 $4,300 $57,400
2019 $5,278 $65,000 $4,300 $60,700
2018 $4,284 $52,800 $4,300 $48,500
2017 $4,118 $52,800 $4,300 $48,500
2016 $4,018 $51,800 $4,300 $47,500
2015 $4,018 $50,500 $8,539 $41,961
2014 $4,018 $50,600 $9,014 $41,586
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 278550

Greater Lansing Association of Realtors®

APN: 01-01-15-306-001