Estimated payment $913/month
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
| 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 |
|---|---|---|---|---|
| 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 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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 |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $39,750 | Purchase Money Mortgage | |
| Previous Owner | $30,000 | Purchase Money Mortgage |
$100,000
Historic Triplex on Corner Lot with Unlimited Potential! Don't miss this rare opportunity to own a charming historic triplex nestled on a spacious corner lot with mature trees, a fenced yard, and a covered wrap-around front porch—perfect for enjoying peaceful mornings or evening gatherings. This property is ideal for investors or buyers looking for a value-add opportunity. The home features
Cale Bell Arterra Realty Michigan LLC
$119,999
Welcome to 4414 S Martin Luther King this 2-unit Property offers Main floor with a full kitchen, full bathroom and 3-4 bedrooms. There is a huge 2-3 car attached garage with the property. Huge backyard great for kids and pets. Lots of parking. Property has a new furnace, oversized water heater and new electric heat on the second floor apartment. Upstairs unit is also set up for a 2-unit rental
Frank Jajou Real Estate One-Troy
Source: Greater Lansing Association of Realtors®
MLS Number: 288258
APN: 01-01-22-203-171
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