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Listing Courtesy Of:
Five Star Real Estate - Lansing, Amber Redman
Local Realty Services Provided By:
Keller Williams Realty Lansing
Overview
What It'll Cost
Neighborhood
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220 Smith Avenue, Lansing, MI 48910
220 Smith Avenue, Lansing, MI 48910
Estimation provided by Keller Williams Realty Inc.
Active Under Contract
For Sale
Property Description
PHENOMENAL INVESTMENT OPPORTUNITY! Calling all Lansing area new or seasoned investors - 4X's the Income - This one is not to miss! This sought-after 4-unit provides GREAT IMMEDIATE INCOME. Rents total approximately $3,705 per month currently with potential room for growth.
Approximately 30K in updates in 2023 including windows, flooring, and roof. PHENOMENAL INVESTMENT OPPORTUNITY! All units are rented and all are ready to go! COL Certified, plus Section 8 Approved. All units have individual furnaces. Convienently located new highways, public transport, Downtown Lansing, and not far from MSU Campus & Sparrow. This property is part of a multi-unit portfolio with diverse income potential. ALL PROPERTY RENTS CURRENTLY TOTAL $10,043/MO * 220 Smith: 4 UNIT- 3; 2; 1& 1BR * 131 S Hosmer: 3 UNIT- 2; 1 & 1BR * 1219 N Washington: 3 UNIT- 1; 1BR & Studio * 1223 N Washington: 2 UNIT- 2 & 1BR. Properties can be sold individually or as a full portfolio. ALL units are already rented. Please allow at least 24 hours to schedule showings due to tenant's notice.
Financials available upon request
Approximately 30K in updates in 2023 including windows, flooring, and roof. PHENOMENAL INVESTMENT OPPORTUNITY! All units are rented and all are ready to go! COL Certified, plus Section 8 Approved. All units have individual furnaces. Convienently located new highways, public transport, Downtown Lansing, and not far from MSU Campus & Sparrow. This property is part of a multi-unit portfolio with diverse income potential. ALL PROPERTY RENTS CURRENTLY TOTAL $10,043/MO * 220 Smith: 4 UNIT- 3; 2; 1& 1BR * 131 S Hosmer: 3 UNIT- 2; 1 & 1BR * 1219 N Washington: 3 UNIT- 1; 1BR & Studio * 1223 N Washington: 2 UNIT- 2 & 1BR. Properties can be sold individually or as a full portfolio. ALL units are already rented. Please allow at least 24 hours to schedule showings due to tenant's notice.
Financials available upon request
Property Details
Compare This Home
Overview
Property Type
Resid/Multi-Family
Year Built
1912
Days on Site
88 Days
HVAC
Forced Air, Natural Gas
Parking
4 Parking Spaces
Activity History
VIEWS
SAVES
SHARES
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
(Local time)
No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.
Estimated Monthly Payment
Purchase Price:
$245,000
Principal + Interest
Property Tax
Home Insurance
HOA/Condo Fee
Mortgage Insurance
Monthly Payment
This calculator is just an estimate. Contact Keller Williams for full and accurate assessment.
Price & Tax History
Date
Event
Price
02/03/2025
Price Decrease
(-3.92% )
12/27/2024
Listed
(+30.77% )
03/23/2023
Sold
(+56% )
09/18/2008
Sold
(+13.64% )
04/04/2005
Sold
(+44.74% )
04/04/2003
Sold
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
(+13.18% )
Land 4,700
2020
(-93.55% )
Land 4,700
2018
(+4.09% )
No Breakdown Available
2017
No Breakdown Available
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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Transit & Commute
Estimated commute times from Washington Park
Car-Dependent
Walkable
Very Walkable
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