$204,900

Estimated payment $1,352/month

Total Views 3,963
-- Bed
2.5 Baths
1,517 Sq Ft
$135 Price per Sq Ft

Highlights

  • Awning
  • 2 Car Garage
  • 3-minute walk to Rotary Park/Lapeer Dog Park
  • Forced Air Heating System
  • Private Entrance

About This Home

Wonderful 2 unit Investment in the City of Lapeer. Sellers have maintained this duplex during their Ownership, as well as long term Tenants that take pride where they live! Good cash flow investment, and central location to downtown, schools, parks, shopping. Several recent updates in the prev few years, including 2 new HWH Oct 2025. Current Certified Rental permit/City of Lapeer. Unit 1 on ground floor has complete new bathroom Sept 2025. Interior(s) of ea unit have been updated over the prev 10 +/- yrs. Detached Garage. Asphalt driveway. Tenants have existing Lease(s) that can be reviewed upon accepted offer. Cash/ Conv-Purchase is subjerct to existing Leases. All showings are by appointment only with 24 hr notice. No Virtual showings- Licensed Agent Must physically accompany clients for all showings. Seller(s) have never occupied the property. All measurements and data of structure, sq footage, year built are estimated or per public records, and are not deemed accurate by the Seller(s) or Agent . Buyer/Agent is responsible to verify independantly.
No Land Contract terms or offer will be considered.

Listing Agent

Larraine Edwards

DLS Realty License #6501273045 Listed on: 04/03/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1860 | Remodeled in 2018

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 88 x 120
  • Private Entrance

Parking

  • 2 Car Garage

Home Design

  • 1,517 Sq Ft Home
  • Block Foundation
  • Stone Foundation
  • Asphalt Roof
  • Vinyl Siding

Basement

  • Michigan Basement
  • Crawl Space

Outdoor Features

  • Exterior Lighting
  • Awning

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Laundry in unit

Listing and Financial Details

  • Assessor Parcel Number L202300104000

Community Details

Overview

  • 2 Units
  • City Of Lapeer Original Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,913

Year Built

Built in 1860 | Remodeled in 2018

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Property Type: ResidentialIncome
  • Year Built: 1860
  • State Equalized Value: 74500.00
  • Year Renovated: 2018
  • Pets Allowed: Yes
  • Property Sub Type: MultiFamily
  • Co List Office Mls Id: 245410
  • Above Grade Finished Sq Ft: 1517.00
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Exterior Features

  • Waterfront: No
  • Foundation Details: Basement, Block, CrawlSpace, MichiganBasement, Stone
  • Construction Materials: VinylSiding
  • Exterior Features: Awnings, Lighting, PrivateEntrance
  • Road Frontage Type: Paved
  • Sideof Street: W
  • Disclosures: ConformstoZoning, LegalRentalCertified, NoInventoryListAvailable, ProjectedIncome, TaxesNotHomesteadExempt
  • Roof: Asphalt

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 2.00

Utilities

  • Heating: ForcedAir, NaturalGas, SeparateMeters
  • Sewer: PublicSewer, SeparateMeters
  • Water Heater Fuel: NaturalGas
  • Water Source: Public, SeparateMeters
  • Laundry Features: InUnit
  • Utilities: AboveGroundUtilities, CableAvailable

Fee Information

  • Operating Expense: 7500.00

Schools

  • Junior High Dist: Lapeer

Lot Info

  • Lot Dimensions: 88 x 120
  • Parcel Number: L202300104000
  • Zoning Description: Multi-Family

Rental Info

  • Rent Includes: MaintenanceOnSite, Sewer, SnowRemoval, TrashCollection, Water, YardMaintenance
  • Monthly Rental Income: 2100.00

Tax Info

  • Tax Amount Summer: 1192.00
  • Tax Amount Winter: 1721.00
  • Tax Annual Amount: 2913.00

Multi Family

  • Gross Scheduled Income: 25200.00
  • Number Of Units Total: 2
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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 $2,812 $74,500 $0 $0
2024 $1,157 $71,600 $0 $0
2023 $1,104 $63,800 $0 $0
2022 $2,547 $61,800 $0 $0
2021 $2,400 $57,000 $0 $0
2020 $2,371 $55,100 $0 $0
2019 $2,367 $50,200 $0 $0
2018 $1,822 $50,800 $50,800 $0
2017 $1,785 $48,300 $0 $0
2016 $741 $42,200 $42,200 $0
2015 -- $39,900 $0 $0
2014 -- $36,800 $36,800 $0
2013 -- $36,400 $36,400 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/02/2026 05/02/26 Off Market $204,900 -- --
04/30/2026 04/30/26 Off Market $204,900 -- --
04/28/2026 04/28/26 For Sale $204,900 0.0% $135 / Sq Ft
04/03/2026 04/03/26 For Sale $204,900 +54.6% $135 / Sq Ft
10/29/2018 10/29/18 Sold $132,500 -5.4% $77 / Sq Ft View Prior Sale
10/09/2018 10/09/18 Pending -- -- --
09/19/2018 09/19/18 For Sale $140,000 -- $82 / Sq Ft
Source: Realcomp

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 Type Sale Price Title Company
Warranty Deed $132,500 --
Warranty Deed $106,500 --
Sheriffs Deed $122,112 --
Warranty Deed $142,000 --
Warranty Deed $142,000 --
Warranty Deed $136,000 --
Warranty Deed $136,000 --
Warranty Deed -- --
Warranty Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $44,900 --
Warranty Deed $44,900 --
Warranty Deed $44,900 --
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 Loan Amount Loan Type
Open $86,125 New Conventional
Previous Owner $101,175 Purchase Money Mortgage
Source: Public Records

Source: Realcomp

MLS Number: 20261021821

Realcomp

APN: L20-23-001-040-00

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