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$3,307 Closing Credit¹
#20250003439, Amber Harte, Listing Office: KW Metro
$245,000 List price
220 Smith Ave Lansing, MI 48910
$2,909
Closing credit¹
0.2 acres
Multi-Family
Property details
About 220 Smith Ave
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.
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
BasementYes
Lot size0.21 Acres
Year built1912
ParkingDriveway, Off Street
MLS #285480
Garage8 spaces
Summary
- MLS Number: 285480
- MLS Name: Greater Lansing Association of REALTORS®
- Office Name: Five Star Real Estate - Lansing
- Office Phone: (616) 531-0028
- Office Email: beckwithcindy@gmail.com
- Listing Agent: Amber Redman
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright © 2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 12:50:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$245,000
220 Smith Ave
$2,909
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 28, 2023 | Home Sold | $195,000 |
| Mar 28, 2023 | Home Sold | $195,000 |
| Sep 22, 2008 | Home Sold | $125,000 |
| Apr 20, 2005 | Home Sold | $110,000 |
Tax history
We're sorry, we currently don't have tax history data for this listing.
History based on county public records data.
Nearby schools
2
Lyons School
Public District PK-3
1.0 mi
•2901 Lyons Ave
2
Cole Academy
Public Charter KG-6
1.2 mi
•1915 W Mount Hope Ave
5
Cavanaugh School
Public District PK-3
1.7 mi
•300 W Cavanaugh Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $43,836. The most common annual income of people living in Lansing, MI is between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
37%
<35k
50%
35k-100k
13%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
24%
Single, with Kids
16%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
9%
12-17 yrs old
27%
18-34 yrs old
35%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Soccer
Mexican League Soccer
Where do the neighbors shop?
Family Dollar
Forever 21
Books-a-Million
Where do the neighbors go to eat?
White Castle
Dominos Pizza
Church's Chicken
What do the neighbors drive?
Chevrolet
Mazda
Toyota
What do the neighbors listen to?
Rock
Rhythmic Contemporary Hits- Adult Hits
All data provided by Home Junction and Claritas
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This home is located at 220 Smith Ave in Lansing, MI and zip code 48910 in the Southside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since December 27, 2024 and is currently priced at $245,000.
In February 2025 more than 29 listings in Lansing, MI were sold above the asking price. During the same period more than 20 listings were sold at asking price, while more than 54 were sold below. The inventory of homes for sale in Lansing, MI between January and February 2025 decreased by 4.9%. In February 2025 median list price was $155,997 and the average listing age was 69 days.
From Rocket Homes Real Estate and based on county public records data.