$124,900
$5K PRICE DROP

Estimated payment $877/month

Total Views 78,694
-- Bed
-- Bath
1,366 Sq Ft
$91 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • Fenced
  • Wood Siding

About This Home

Great Investment Opportunity!
This 2-unit rental property offers tremendous potential for investors. The main level features a spacious 2-bedroom, 1-bathroom unit currently rented, while the upper unit boasts a cozy 1-bed, 1-bath layout, which is also currently rented - Expected market rent $825
Both units are responsible for their own utilities and trash. The property also includes a shared backyard, offering outdoor space for tenants to enjoy. NEW FURNACE 2022
With a rental license in place until 8/1/2026, this property is ready to continue generating steady income for years to come. With current market conditions supporting higher rental rates, there is excellent potential to increase cash flow on this property

Listing Agent

David Hall

Achieve Real Estate LLC License #6502433100 Listed on: 06/16/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,575

Year Built

  • Built in 1918

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 33x124
  • Fenced

Home Design

  • Wood Siding

Interior Spaces

  • 1,366 Sq Ft Home
  • 2-Story Property

Basement

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

Parking

  • 3 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace

Community Details

  • 2 Units
  • Excelsior Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,575

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Tax Year: 2024
  • Levels: Two
  • Year Built: 1918
  • Lot Size Acres: 0.09
  • Lot Size: 33x124
  • Subdivision Name: Excelsior
  • Above Grade Finished Sq Ft: 1366.0
  • General Property Info:Lot Size Dimensions: 33x124
  • General Property Info:Above Grade Finished Area: 1366.0
  • Levels:Two2: Yes
  • Laundry Features:In Basement: Yes
  • Sewer:Public Sewer: Yes
  • Fencing:Fenced: Yes
  • Exterior:Wood Siding: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 2575.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: 1
  • General Property Info:_pound_ of Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Electric, Forced Air, Natural Gas, Wall Furnace
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes

Exterior Features

  • Disclosures: Lead Based Paint, Sellers Disclosures, Other
  • Fencing: Fenced
  • Construction Type: Wood Siding

Garage/Parking

  • Total Parking Spaces: 3.0
  • Parking Features: No Garage
  • Attached Garage: No
  • Parking Features:No Garage: Yes
  • General Property Info:Parking Total: 3

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:Electric: Yes
  • Heating:Wall Furnace: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 3920.4
  • Zoning Description: Zoning

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Carrier Route: 1910

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $2,575 $58,400 $2,000 $56,400
2024 $20 $46,700 $2,000 $44,700
2023 $2,428 $37,500 $2,000 $35,500
2022 $2,226 $35,700 $1,800 $33,900
2021 $2,176 $30,800 $1,700 $29,100
2020 $2,159 $28,600 $1,700 $26,900
2019 $2,079 $27,400 $1,700 $25,700
2018 $1,977 $24,400 $1,700 $22,700
2017 $1,900 $24,400 $1,700 $22,700
2016 $1,858 $23,900 $1,700 $22,200
2015 $1,858 $23,100 $3,351 $19,749
2014 $1,858 $23,200 $3,351 $19,849
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2025 08/29/25 Price Changed $124,900 -2.0% $91 / Sq Ft
07/24/2025 07/24/25 Price Changed $127,500 -1.8% $93 / Sq Ft
05/19/2025 05/19/25 For Sale $129,900 -- $95 / Sq Ft
Source: Greater Lansing Association of Realtors®

Purchase History

Date Type Sale Price Title Company
Contract Of Sale -- Liberty Title
Quit Claim Deed -- None Available
Warranty Deed $53,000 Professional Title Insurance
Warranty Deed $30,000 Midstate Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $39,750 Purchase Money Mortgage
Previous Owner $30,000 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

David Hall

Achieve Real Estate LLC

(517) 836-5754

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Achieve Real Estate is made up of a team of REALTORS® and investors in the Greater Lansing area of Michigan. We specialize in vertically integrating multi family and commercial real estate. We also pride ourselves on sourcing off market properties for investors in the Mid-Michigan area.

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Source: Greater Lansing Association of Realtors®

MLS Number: 288258

Greater Lansing Association of Realtors®

APN: 01-01-22-203-171